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Investors continue to look for safe haven assets in a context of large market sell-offs.
Telecom stocks will offer strong dividend yields, attracting income-oriented investors.
Verizon and AT
While the S
Verizon’s stock came under pressure in late April after the company released its first-quarter report. The report responded to analysts’ estimates, but investors focused on the company’s weaker forecasts.
As a result, inventory fell to the $46 level. However, the company’s strong dividend provided enough for inventory, which returned to the $50 level.
Currently, Verizon is earning more than 5%, making the stock exciting for income-oriented investors. Verizon in the coming weeks.
The AT action
It should be noted that analysts’ estimates have fallen in recent months. Currently, analysts expect AT
Typically, decreasing earnings estimates serve as a bearish catalyst for the stock. However, the combination of a hot dividend yield and a reasonable valuation provided enough for THE AT stock.
To stay up to date with the latest earnings updates, check out our earnings calendar.
This article was originally published on FX Empire
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