Stockchase Opinions

The Panic-Proof Portfolio (Stockchase Research) Verizon Communications VZ-N PAST TOP PICK May 02, 2024

(A Top Pick Apr 25/23, Up 5%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with VZ has triggered its stop at $39.  To remain disciplined, we recommend covering the position at this time.  

$38.930

Stock price when the opinion was issued

telephone utilities
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BUY

It reports Monday. They've had a great quarter and the CEO has gotten control of things. It pays a 6.6% dividend plus actual growth.

DON'T BUY

It reported today with every line item coming in weaker. Share fell 4.67% today.

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TOP PICK

Verizon Communications Inc., commonly known as Verizon, is a multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is headquartered at 1095 Avenue of the Americas in Midtown Manhattan, New York City, but is incorporated in Delaware. Social media mentions are up 122% in the past 24h. 

SELL ON STRENGTH

It's capital intensive and very company. So, it's a tough business and returns on investment are very low. He suggests selling on the current price spurt and sell.

BUY

Likes it. The Frontier acquisitions was smart. The stock is cheap.

SELL ON STRENGTH
Finally above water.

Hasn't done much in 2024 relative to the market. General malaise with US and Canadian telecoms. Lots of people buy it for the dividend. Seasonally, not the right time. Will probably hang in here, meandering. Doesn't see big gains.

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TOP PICK

Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States. Social media mentions are up 1300% in the past 24h.

DON'T BUY

He doesn't buy a stock purely for its yield, but it must show growth.

DON'T BUY

It reports Friday. Some like its 7% dividend but he feels mixed about the risk/reward here. Doesn't have much faith.