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home / news releases / CA - Verizon: Headwinds Behind Us


CA - Verizon: Headwinds Behind Us

2024-06-20 12:32:08 ET

Summary

  • Peak 5G buildout and peak interest rates are in the rearview mirror, which means that Verizon's 6.6% dividend yield safety and dividend growth prospects are improving.
  • The RSI indicator suggests that the three largest growth stocks are overbought, significantly increasing the probability of a correction in growth stocks.
  • With its strong financial position, rock-solid revenue and profitability stability, and decreasing CAPEX, Verizon's stock looks like a no-brainer safe haven for the likely correction in growth stocks.
  • My dividend discount model suggests that the stock is 50% undervalued.

Investment Thesis

For further details see:

Verizon: Headwinds Behind Us
Stock Information

Company Name: CA Inc.
Stock Symbol: CA
Market: NASDAQ

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