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
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For further details see:
Verizon: Headwinds Behind Us