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Strategies & Market Trends : Young and Older Folk Portfolio

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From: chowder	11/5/2022 9:56:32 AM
	2 Recommendations Recommended By Menominee red cardinal of 21810

Re: VZ ... I've been seeing a number of articles including VZ of late. Here is just a snippet of what I have read from one article. The standout catalyst for Verizon continues to be the ongoing move to 5G. Following a decade where no significant progress was made to wireless download speeds, the rollout of 5G wireless services over the next couple of years should encourage businesses and consumers to upgrade their devices and increase their data consumption. Verizon’s wireless segment generates its best margins from data, so this is a needle-moving development. To add to this point, Verizon aggressively deployed capital in 2021 to acquire 5G mid-band spectrum. The goal of its purchase is to expand 5G broadband services to 14 million businesses and 50 million U.S. households by the end of 2025. Even though broadband isn’t exactly a fast-growing trend anymore, the bundling potential with Verizon’s other services can boost margins. Valued at just over 7 times Wall Street’s forecast earnings for 2022 and 2023, Verizon is cheap and begging to be bought. dailytradealert.com

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