Verizon

VZ

Market cap $170B

Verizon remains a buy, especially on pullbacks into the $30s, with a focus on dividend collection and covered call strategies. Expecting Q3 revenue of $33.9-$34.5 billion, with stable wireless growth, modest Fios and broadband additions, and continued business segment softness. Targeting Q3 EPS of $1.20-$1.22 and free cash flow of $4.8-$5.2 billion, which comfortably covers the rising dividend despite high leverage.

Verizon Communications Inc. is undergoing a strategic reset with new CEO Dan Schulman, aiming to reclaim wireless leadership from T-Mobile. VZ's previous pricing strategy hindered subscriber growth and failed to leverage its significant C-Band and mmWave spectrum investments. A new aggressive pricing promotion and the acquisition of Starry signal a shift toward subscriber growth and urban FWA expansion.

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Verizon Communications (VZ) reached $40.57 at the closing of the latest trading day, reflecting a +2.05% change compared to its last close.

AT&T Inc. offers a more compelling total shareholder yield than Verizon Communications Inc., despite VZ's higher headline dividend yield. T's aggressive debt reduction and recent share buybacks significantly enhance its total shareholder return versus VZ's more modest improvements. While T trades at a valuation premium on P/E, debt-adjusted metrics narrow the gap.

September was another strong month for equity indexes despite it historically being a weaker month, meaning we were able to buck that seasonality trend. The Fed cut 25 basis points last month and is expected to cut more going forward, which could help to keep optimism and momentum in equities. Pushing into all-time highs, I tend to allow cash to build up for the next downturn, but I still add every month regardless to help build up my cash flow.

It is possible to achieve financial freedom through stock investing. If you pick the right companies, stay invested for the long term, and reinvest the dividends, you can build a solid portfolio for retirement.

Verizon Communications said Tuesday that it will offer government workers impacted by a two-week-old government shutdown payment deferral options.

Survey of 500 companies finds soaring enthusiasm for the Internet of Things (IoT), with multiple emerging technologies acting as catalysts.

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.