IHS potential VZ - Bullish to $64 rangeVZ has a bullish Inverted Head and Shoulder formation that could potentially see price move as high as $70.00
expect some sideways action next few weeks, with a clear break after.
tight stop loss maybe a good idea to practice here, market looks on edge of massive correction.
VZ trade ideas
10/11/2018 - Self Improvement - VZI've been trading for 5 months. I am by no means an expert so please don't solely go off my advice or my actions. I have been keeping a log for quite some time on Tradingview but i have just now decided to go public. If you can help me at all and have any thoughts on my stock actions please feel free to leave comments.
VZ has not dropped below the trend line during the massive market drop. I believe it is relatively strong and i am going to look for it to break the 55.50 range and take a big squeeze. It is forming an ascending triangle and looks like it is going to do exactly that. Buy in point is above the resistance.
8/29/2018 - Self ImprovementI've been trading for 5 months. I am by no means an expert so please don't solely go off my advice and my actions. I have been keeping a log for quite some time on Tradingview but i have just now decided to go public. If you can help me at all and have any thoughts on my stock actions please feel free to leave comments.
Bought VZ because it is hitting another known resistance line and it has bounced against it for a week or so. It is also making a very short and small bull triangle but it is there. So i bought at 54.88. Adding on significantly at 55.24. I have my stop loss at 53.93. I'm hoping this time it breaks that resistance. If not i don't have a massive loss on my hands. Only time will tell.
Verizon Communications earnings preview: limited growth ahead?Although Verizon remains the leader in the U.S. wireless market, T-Mobile and Sprint are undermining its duopoly with AT&T at the margin. Disruptive actions by these two smaller rivals--such as offering unlimited data plans--threaten to make overall industry economics less attractive and conflict with Verizon's core strategy of leading with network quality and monetizing increasing amounts of data traffic.
Although Verizon still benefits from a cost advantage over the smaller rivals and will still earn returns above its cost of capital, its ability to command premium pricing will decrease over time.
www.finstead.com
VZ's buy signalPE ratio is 6 and some change lately for those of you who are not huge on PE ratios that could translate to 16% returns the PE ratio has either been negative because of no earnings or crazy high but in the last 6 years its been declining from 100 and now its at 6. That is cheap. The stock has a nearly 5% dividend and has been more guaranteed than cell phone service. The MACD is below 0 and appears to be getting ready to up swing. Also in case you missed it the company is releasing 5G which apparently will put 4G to shame. equity has began recover, revenues are increasing again. just make sure you dump this stock though before the last week of dec. The price is supposed to go up to 56 by the end of the year per the avg of the analysts. Also the stock is hitting its mean avg as you can see on the graph and head for the upper end again. Metro PCS has a much higher PE ratio even ATT has a higher ratio.
This is not investment advice. Please consult a professional or do the research yourself.
Is this breakout different for VZ ?Notes on chart.
Seasonality history , Nada for summer months. But 60 looks possible by EOY.
Let us see whether it is different this time.
ATT is not aggressive about 5G and struggling on TWX deal. VZ is aggressive about 5G and residential broadband services.
Sprint&TMUS deal likely reduce the competition due to consolidation and price wars.
Positive returns on Trump tax credits for 2018. Interest rates rise is negative.
Good news is no additional capex and also on track to cut 10B by 2021
www.wsj.com
Verizon Communications Inc. VZ 3.64% is planning to cut $10 billion in spending from its operations over the next four years, the company’s CEO told investors on Thursday.