2024-04-22 11:10:57 ET
Summary
- Verizon Communications Inc. reported mixed Q1 earnings, with revenues below expectations but strong customer additions and cost controls.
- The company is embracing AI and has new partnerships with the NFL and NHL.
- Despite the debt burden, the dividend is well covered and Verizon is on track for strong free cash flow this year.
- Consider option income here.
Verizon Communications Inc. ( VZ ) is a stock we traded quite a bit in 2023. In our trade for our investing group, we added the stock with buys at $34 and $31 back to $40. While our traders took profit at our service, many of them kept a portion of the profit in a so-called "house position," allowing them to collect long-term future gains, all dividends, spinoffs, etc. It is one of our favorite approaches for wealth creation long term that we like to employ after successful rapid-return trades....
Read the full article on Seeking Alpha
For further details see:
Verizon Invokes The AI Warhead