Futures are pointed to a higher open as the benchmarks try to avoid losses for two consecutive days. Yesterday stocks slid as investors processed bank earnings and and awaited stimulus news. The only sectors to end yesterday’s session in the green were consumer discretionary and communication services.
Today we are looking at a 5G winner…
And…
one of the top telecom companies in America…
VZ share price rose yesterday during a somewhat surprising presentation by Verizon CEO Hans Vestberg at Apple’s iPhone unveiling. Vestberg announced that Verizon will offer 5G network access for the new iPhone lineup – a service for 200 million people providing customers up to 4 Gbps download speeds. Pioneering the 5G revolution alongside Apple is a big deal, but there’s plenty more that could put VZ ahead of its peers.
Here are a few more reasons why Verizon Communications Inc. (VZ) should not be overlooked by long term investors…
- 5G networks are just starting to roll out, which should lead to millions more connected devices. Verizon Communications Inc. (VZ) stands to expand its reach and increase its revenue as the roll out continues.
- Now that its low cost competitors T-Mobile and Sprint have merged the opportunity for VZ margin expansion is there.
- VZ trades at around 12 times forward earnings.
- VZ pays a dividend yield of 4.23% and has raised its dividend for the past 13 years.
