One thing that seems to be creeping into the narrative on Wall Street: there is now a possibility that rate increases expected as early as next summer may be postponed until 2016 if the economy does not dramatically pick up. The Oppenheimer team that covers cloud and communication stocks think that the top picks in the coverage universe not only offer superb growth potential, but one yields much more than current low Treasury and investment grade corporate debt.

The Oppenheimer analysts expect solid overall third-quarter results, helped by continued strong demand for wireless and wireline broadband. Their channel checks also suggest strong demand for cloud services. The Oppenheimer stocks to buy are rated Outperform, and the analysts raised their earnings estimates.

AT&T Inc. (NYSE: T) has to be one of the most ignored dividend plays on Wall Street. While growth has been admittedly slower over the past few years, the company continues to expand its user base, and strong product introductions from smartphone vendors have not only driven traffic but increased device financing plans. That is an area that the Oppenheimer team believes could lead to some earnings weakness.

AT&T shareholders are paid an incredible 5.4% dividend. The Oppenheimer price target for the stock is $42, and the Thomson/First Call target is much lower at $36. Shares closed Friday at $$34.08.

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Comcast Corp. (NASDAQ: CMCSA) is one of the top consumer cable and entertainment names on Wall Street. Now the largest cable company in the United States, Comcast continues its push to be a top entertainment name. The Oppenheimer analysts, along with many on Wall Street, think 2014 and 2015 will be banner years for the entertainment giant, with continued strong pricing power, advertising spending growth and new digital platforms. Comcast shareholders recently approved the gigantic purchase of Time Warner Cable, and regulatory approval is expected to follow.

Comcast investors are paid a 1.8% dividend. The Oppenheimer price target is $62. The consensus target is $63.63. Comcast closed Friday at $50.68 a share.

T-Mobile US Inc. (NYSE: TMUS) is a stock in which offers and rumors continue to fly around Wall Street. With the Sprint deal off the table, and the bid for 56% of the company from Iliad also gone, the stock was hit, and hit hard. The question is will somebody else make a play for the company? While most on Wall Street didn’t expect the Iliad bid to be accepted at the low $33 price target, they do feel that after the stock got hammered, huge value may be there for patient investors. The iPhone 6 launch has been a solid boost for T-Mobile’s momentum, as many consumers were holding off on switching wireless providers, waiting for the next bigger and better model to be released.

The Oppenheimer price target is $37, and the consensus on Wall Street is posted at $35.78. Shares closed trading on Friday at $26.11.

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All three of these top stocks to buy offer investors incredible value at current price levels. They are also suitable for growth-oriented portfolios that have a degree of risk tolerance.

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