VZ - Verizon Communications Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
-0.18 (-0.31%)
As of 2:12PM EST. Market open.
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Previous Close59.51
Bid59.39 x 1800
Ask59.39 x 1000
Day's Range59.05 - 59.45
52 Week Range52.28 - 61.58
Avg. Volume10,843,804
Market Cap245.355B
Beta (3Y Monthly)0.50
PE Ratio (TTM)15.25
Earnings DateN/A
Forward Dividend & Yield2.46 (4.13%)
Ex-Dividend Date2019-10-09
1y Target EstN/A
  • Yahoo teams with MGM on sports betting
    Yahoo Finance Video

    Yahoo teams with MGM on sports betting

    More than $10 billion dollars has been wagered on sports so far this year, and our sister site Yahoo Sports is getting in the game. Yahoo Sportsbook launched Thursday allowing users to see odds for a range of sports. Yahoo FInance’s Adam Shapiro, Julie Hyman and Dan Howley discuss with Verizon Media CEO Guru Gowrappan.

  • Disney+ Audience Potential Is Enormous, Guggenheim's Morris Says

    Disney+ Audience Potential Is Enormous, Guggenheim's Morris Says

    Nov.12 -- Michael Morris, Guggenheim Securities senior managing director, discusses the launch of Walt Disney Co.'s Disney+ streaming service with Bloomberg's Caroline Hyde and Scarlet Fu on "Bloomberg Markets: The Close."

  • Barrons.com

    The FCC Chairman Is Backing a Public Auction for New 5G Spectrum. That’s Bad News for Some Stocks.

    A key federal regulator is pushing back on the satellite industry’s plan to auction wireless spectrum for 5G networks.

  • When John Legere Leaves, Say Goodbye to the Old T-Mobile

    When John Legere Leaves, Say Goodbye to the Old T-Mobile

    (Bloomberg Opinion) -- I’m not sure which is the bigger question: What is T-Mobile US Inc. without John Legere? Or, who is John Legere without T-Mobile?“I own no other clothing,” Legere joked during a conference call Monday morning, after the wireless carrier announced that its magenta-festooned CEO will be stepping down soon. Legere’s last day will be April 30, capping a remarkably successful seven-year run during which he took T-Mobile from a distant last place among the top U.S. carriers and turned it into the fastest-growing member of the industry. He will be replaced by Mike Sievert, who is being elevated from chief operating officer, a title he’s held since early 2015.Make no mistake, the CEO transition will usher in a new T-Mobile. That’s not because the visions of the two men are so different — they aren’t, and Legere has been grooming Sievert, 50, for quite some time. But T-Mobile is no longer the industry upstart, and Legere’s departure suggests that he feels his work there is almost done. The last step is to complete the acquisition of Sprint Corp., which is being held up by a group of state attorneys general rightly concerned about the potential harm the transaction may cause consumers.Legere, 61, made clear that he isn’t retiring — nor is he turning his “Slow Cooker Sunday” Facebook Live series into a full-time gig. While he said the rumors of him joining WeWork aren’t true, he has fielded a “tremendous amount” of interest from companies seeking the expertise he’s demonstrated at turning around a troubled business and generating broad enthusiasm for a brand. “I’ve got 30 or 40 years and five or six good acts left in me,” Legere, the class clown of corporate events, said on Monday’s call. When Legere joined T-Mobile in 2012, the brand was in disrepair and customers were fleeing. It looked as if the wireless carrier might never be able to catch up to Verizon Communications Inc., AT&T Inc. or Sprint. But Legere transformed T-Mobile into a self-marketing powerhouse, with he and the rest of the management team shamelessly adopting new looks as walking billboards for the company. And it worked. More important, investments in the network and novel moves to simplify customer bills altered T-Mobile’s perception from one of a budget operator of last resort to a company that’s driving industry innovation. That’s earned it customer loyalty, as evidenced by having the lowest rate of churn — or customer defections — among its peers. T-Mobile’s stock has also left the others in the dust:Over the years, Legere’s style has not only included a closet’s worth of Superman-esque T-shirts adorned with a giant letter T, but also sports coats, sneakers, a leather jacket, a chef’s hat, a sports jersey and anything that could be made hot pink or fit the company’s logo. He has 6.5 million Twitter followers — almost as many as Kris Jenner, the matriarch of the Kardashian family — and is known to respond directly to them, even occasionally dropping into calls to the customer service line. It was all part of his effort to shake up an industry that was going the way of cable-TV, with subscribers irritated by steep, overly complex monthly bills. “We saw an opportunity to disrupt a stupid, broken, arrogant industry,” a typically off-the-cuff Legere said on Monday’s call. “And T-Mobile is far from done,” he added. Though that may be for better or worse. Should the Sprint deal survive or avert the trial that’s set to begin Dec. 9, T-Mobile will gain newfound pricing power. Legere and Sievert have promised that the combined company won’t exploit this, saying that the combination instead allows them to “supercharge” what’s known as T-Mobile’s Un-carrier strategy. But the logic doesn’t quite follow. There’s little reason to believe a merger that facilitates higher prices and better profit margins wouldn’t result in exactly that, and the goodwill Legere has built up with regulators and consumers isn’t insurance enough against this scenario. Fierce competition between T-Mobile and Sprint the last few years is what benefited consumers and forced the industry to do things like offer unlimited data plans. If Sprint gets swallowed, the marketplace will be narrowed to just Verizon, AT&T and T-Mobile.(1)Sievert is a fine choice as CEO. But the reality is that the company he’s inheriting is different from the one Legere joined, and the days of T-Mobile’s incredible rapid growth will fade into the past, and there will be a natural shift to take advantage of its enhanced market power. So when Sievert said on Monday’s call that after the Sprint deal closes, “customers are going to the be winners,” I wouldn’t count on it. (1) Regulators have mandated that T-Mobile unload some assets to Dish Network Corp., helping set up the satellite-TV provider as a new entrant to the wireless market. But Dish is years and multiple billions of dollars away from becoming a formidable rival that can fill the hole Sprint will leave behind. It’s a weak concession that Legere was more than happy to accept.To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Barrons.com

    T-Mobile Is Changing Its CEO, Not Its Strategy. That’s Good News.

    John Legere will step down in April in favor of Mike Seivert, a move Legere argues could help convince regulators that his successor will live up to T-Mobile’s consumer-friendly “Uncarrier” strategy.

  • Has Verizon Communications (VZ) Outpaced Other Computer and Technology Stocks This Year?

    Has Verizon Communications (VZ) Outpaced Other Computer and Technology Stocks This Year?

    Is (VZ) Outperforming Other Computer and Technology Stocks This Year?

  • This stockpicking app beat the S&P 500 by 4x last quarter — for investors born in the summer of 1997

    This stockpicking app beat the S&P 500 by 4x last quarter — for investors born in the summer of 1997

    The fate of your portfolio is written in the stars. Or at least it can be, if Daniel Greenberg and the professional pranksters behind the “Bull and Moon” investing app have their way.

  • Barrons.com

    Walt Disney Shares Pop on Big Subscriber Numbers for Disney+

    The Mouse House’s new streaming service picks up 10 million subscribers on its first day. That’s enough to drive the stock up, push the Dow to a record, and send Netflix lower.

  • T-Mobile & Sprint Unveil Location of New Support Center

    T-Mobile & Sprint Unveil Location of New Support Center

    T-Mobile (TMUS) and Sprint (S) will establish Customer Experience Center in Nassau County for the creation of employment opportunities and enhanced customer support.

  • Software firm expands in buzzing Lake Mary tech market
    American City Business Journals

    Software firm expands in buzzing Lake Mary tech market

    CentralSquare Technologies LLC’s big expansion plans came from a pretty simple need last year: 12 parking spaces. Earlier this year, the software firm expanded its Lake Mary headquarters from 85,000 square feet to 105,000 square feet of leased office space and more than doubled its local workforce to nearly 500. Before that, it didn’t have enough parking for its fast-growing workforce, said Casey Barnes, vice president of business development for local public/private economic development group Orlando Economic Partnership.

  • Barrons.com

    Beware Telco and Cable Stocks Amid Streaming War

    With cord-cutting accelerating and the range of streaming video options expanding, the time has come to back away from most U.S. telecom and cable stocks, HSBC analyst Sunil Rajgopal says.

  • Only one telecom company remains a buy, analyst says

    Only one telecom company remains a buy, analyst says

    Amid the rapidly changing video landscape and uncertainty over T-Mobile US Inc.’s pending merger with Sprint, only one U.S. telecommunications name still has room for upside, according to HSBC.

  • How Disney+ Is Already Reforming The Streaming Space

    How Disney+ Is Already Reforming The Streaming Space

    In the first 24 hours of its release, 10 million people had already signed up for this much anticipated streaming service.

  • MarketWatch

    Cisco, Merck share losses lead Dow's nearly 75-point drop

    DOW UPDATE The Dow Jones Industrial Average is trading down Thursday morning with shares of Cisco and Merck seeing the biggest drops for the blue-chip average. Shares of Cisco (CSCO) and Merck (MRK) have contributed to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 70 points (0.

  • Sprint Unveils Community Lab to Boost OpenRAN 5G NR Project

    Sprint Unveils Community Lab to Boost OpenRAN 5G NR Project

    Sprint (S) introduces Telecom Infra Project Community Lab to develop OpenRAN 5G NR project for enhanced connectivity solutions.

  • Motorola Brings Back the Razr as $1,500 Foldable Smartphone

    Motorola Brings Back the Razr as $1,500 Foldable Smartphone

    (Bloomberg) -- Motorola is rebooting the iconic Razr flip phone as a 6.2-inch smartphone with a foldable display that gives the Lenovo-owned brand a unique selling point against Apple Inc. and Samsung Electronics Co.’s finest.The new device reprises the Motorola Razr name and looks like a modernized version of the original. It costs $1,499 and will be available for pre-order in December in Europe and as a Verizon exclusive in the U.S., ahead of its retail arrival in January. For Lenovo Group Ltd., which has a tiny fraction of the global smartphone market, it's an effort to build brand awareness in the U.S. via a halo device.Launched in late 2004, the first Razr became a cultural icon in the U.S., sold 130 million units and was the face of the phone industry before Apple launched the iPhone in 2007. Motorola’s new model has a shot at some fame as well, as it’s set to become the first true foldable phone on the market — every other device so far could more properly be described as a foldable tablet — and company executives have told Bloomberg they are confident that their design won’t succumb to the durability issues that pushed back Samsung’s Galaxy Fold launch.The 2019 Razr is no bargain, but compared to the $1,980 Galaxy Fold or Huawei Technologies Co.’s $2,600 Mate X, it’s the most affordable member of the most expensive modern phone category. The compromise that users will have to accept with the Razr is in some of its specifications: it has a small battery at 2,510mAh and runs the older Android 9 Pie operating system on Qualcomm’s sub-flagship Snapdragon 710 chip. It lacks the 5G option and bountiful memory of its rivals. Aside from the U.S. and Europe, it’ll also be on sale in Latin America, Asia and Australia.Motorola President Sergio Buniac said he doesn’t see the launch as a “silver bullet” for rocketing Motorola’s sales up to Apple and Samsung numbers. Over the past several quarters, Motorola has turned its mobile business from a flailing unit of China’s Lenovo to profitability in many markets, he said. The new Razr is intended to continue that even without strong sales. Buniac said he’s hoping for “a little bit more” demand than supply, while Lenovo Chief Operating Officer Gianfranco Lanci said “it will bring greater awareness to the brand, especially in key markets like North America.”Motorola’s take on foldable phone design is markedly different to the first batch of foldable devices. Instead of a vertical hinge that makes it open like a book, the new Razr opens and closes like a classic flip phone. Closed shut, the phone is a square that’s about half the size of an iPhone 11 Pro Max, and Motorola has used the foldable technology to make one of the most portable phones on the market. In the process, it’s brought back the action of flipping the phone shut to hang up calls, which is something most premium smartphone consumers haven’t done in at least a decade.Samsung is planning to introduce its own square-shaped foldable phone as its second Galaxy Fold device early next year. Until that time, Motorola looks set to be all alone in offering a regular smartphone capable of collapsing into a pocket-friendly clamshell.“We wouldn’t be bringing the product to market if we didn’t think it was ready,” said Buniac, underlining Motorola’s belief in the reliability of its particular hinge and fold design. Samsung’s Galaxy Fold had issues with air bubbles popping up beneath the display and tiny particles getting trapped under the screen. Touting a so-called zero-gap design,  Buniac said “Our expectation is that we will have a reliable product, and as we launch you will see, but we are confident in what we achieved.”In a brief hands-on test with the Razr, the handset felt and looked impressive. Its screen felt fragile, but the device’s design chief Ruben Castano said “We feel like we’ve really developed a robust solution,” pointing to stainless steel structural plates between the bottom of the inner screen and the device’s internals. He says that layer will help prevent particles like sand from going into the device’s electronics and breaking the display. There’s also a 2.7-inch exterior touchscreen for quick access to commonly used functions and checking notifications.Similar to Samsung, Motorola will offer 24-hour turnaround replacements under a standard warranty for display failures, and it will charge $299 if the issue falls out of warranty in the U.S. The phone will be sold via Verizon Wireless as the exclusive launch carrier in the U.S. and will be available at Verizon and Walmart stores from January.The Razr’s inner display appeared impressive with a high-resolution panel whose crease was more subtle than the one on the Galaxy Fold. When unfolded, the Razr operates like most other Android phones, running a full touchscreen version of Google’s operating system. The external screen is designed for light interactions like answering calls and texts, but like the front screen on the Galaxy Fold, it’s not something most consumers are likely to use much. The new Razr is a flip phone at heart and that’s how most people will want to use it.Castano said that Motorola started working on a foldable design around 2015 and that its biggest challenge was being able to match the first Razr’s ability for the phone to be fully shut with no gap. Like the original Razr, the 2019 model has a chin at the bottom that houses electronics such as the LTE antenna. it also has a notch at the top of the main display, lacks a headphone jack, and will be available only in black and with 128GB of storage without further upgrade options. Its camera and battery specs are underwhelming, though Motorola promises “all-day battery life” without quoting an exact number of hours.Motorola’s other big task will be to prove itself at the super premium end of the market that’s long been dominated by Samsung and Apple. Since the first Razr, the Motorola brand has worn many hats, having served as a middling iPhone counter with the Verizon Droid, gone through a $12.5 billion Google acquisition and eventually ended up in the hands of Lenovo. It now needs to rebuild its own brand identity.But the Razr’s shortcomings may very well not matter. This device is designed to appeal to those nostalgic for the flip phone era, for whom specs may not be a priority, as well as the early adopters of new technology, who are more tolerant of first-generation imperfections. To contact the author of this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.netTo contact the editor responsible for this story: Vlad Savov at vsavov5@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Telecom ETFs in Focus on Mixed Q3 Earnings Results

    Telecom ETFs in Focus on Mixed Q3 Earnings Results

    With 5G technology opening up opportunities in the telecom sector, we study the impact of a few big earnings releases on ETFs with decent exposure.

  • Dow Jones Today: Disney Was the Star of the Show Again

    Dow Jones Today: Disney Was the Star of the Show Again

    There was ample headline risk for investors to contend with Wednesday as market participants remain skittish about the prospects for a trade deal with China. This questioning comes all while impeachment proceedings kicked off on Capitol Hill and Federal Reserve Chairman Jerome Powell reiterated the view that the central bank is likely to pause on lowering interest rates over the near term.Source: FinViz * The S&P 500 added 0.07%. * The Dow Jones Industrial Average jumped 0.33%. * The Nasdaq Composite was essentially flat, closing lower by 0.04%. * Disney surged a staggering 7.3% to lead the Dow Jones by a wide margin today.Broadly speaking, the performance of U.S. equities today was solid when considering all the recent headline risks. In terms of the Fed, Powell previously said that the central bank's rate cutting regime may be on pause over the next several meetings. As such, his similar comments today before the congressional Joint Economic Committee weren't surprising.Some market observers believe Powell's comments today leave the door open to more rate cuts. This is something President Trump undoubtedly wants to see as he's making the economy one of the centerpieces of his 2020 reelection bid.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn late trading, 15, or half, of the Dow's 30 member firms were pointed higher. Magnificent MouseDisney (NYSE:DIS) was the Dow Jone's best-performing name today and the competition wasn't even close as DIS stock surged 7.3%. This was only a day after the debut of the widely anticipated Disney + streaming service.I've previously noted that it'll take some time for investors to know the exact impact of Disney + on the company's quarterly results, but owners of DIS stock don't have to wait for first-day data on the streaming service. California-based Disney confirmed that more than 10 million subscribers signed up for Disney + on the first day.Remember, fellow Dow component Verizon (NYSE:VZ) is giving Disney + away free for a year to its customers and Disney wouldn't confirm how many of those 10 million subscribers are paying for the service.Still, there's no denying that 10 million users coming into the fold on the first day is an impressive tally. Nike Impresses … Sort OfOn any other day, Nike (NYSE:NKE) stock gaining 2%, would be impressive. And although NKE stock made that gain today, it couldn't surpass Disney stock. Still, it was good for the second-best showing in the Dow, but it also puts Disney intraday strength into context, meaning no other Dow Jones stock was going to beat the mouse today.Nike jumped after the company announced it's pulling its shoes off Amazon (NASDAQ:AMZN). Nike was running a pilot test on Amazon Retail that apparently didn't prove successful, prompting the move by the Oregon-based company. Walmart WatchWalmart (NYSE:WMT) will report earnings before the bell Thursday, and there was some encouraging action in WMT stock in advance of that report.Shares of the largest U.S. retailer jumped 1.54% after Telsey Advisory Group lifted its price target on WMT stock to $130 from $125."If Walmart does report strong earnings, it could result in a wave of price-target hikes, since its average 12-month price target is just $123.58. Upgrades are possible, too, since there remain seven 'hold' ratings out there," according to Schaeffer's Investment Research. Dow DisappointmentShares of chemicals makers Dow Inc. (NYSE:DOW), one of the smaller components in the blue-chip index, have been on a torrid pace, surging nearly 18% over the past month. However, DOW stock retreated by almost 3% today.That marks two consecutive days in the red for Dow and it's easy to understand why. Dow is one of the more trade-sensitive names in the index. With speculation swirling today that there could be some snafus in terms of the agriculture part of the trade deal, an element previously seen as solid, shares in Dow slumped. Bottom Line on the Dow Jones TodayToday's gains weren't jaw-dropping by any stretch. But the S&P 500 posting a positive finish as the Dow Jones advanced to another record are still notable feats. This is especially true given the considerable potential for headline risk.Adding to the case for more near-term upside are musings that some hot growth segments are poised to continue rallying, while healthcare, one of the largest Dow and S&P 500 sector allocations, remains an attractive value play.As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks to Buy for the Rest of 2019 * 7 Biotech Stocks to Buy With Plenty of Power in the Pipeline * 5 Stocks to Buy That Are Set for Monster Growth in 2020 The post Dow Jones Today: Disney Was the Star of the Show Again appeared first on InvestorPlace.

  • 14 High-Yield Dividend Stocks to Buy for the 4% Rule

    14 High-Yield Dividend Stocks to Buy for the 4% Rule

    Financial planners often recommend the 4% rule as a guideline for determining the annual amount that a retiree can withdraw from portfolios without depleting their nest egg over a 30-year retirement. And high-yield dividend stocks are a critical component of executing this strategy.Financial adviser William Bengen devised the 4% rule after evaluating stock and bond data across several decades and discovering that a pattern of 4% yearly withdrawals provided reasonable security without bleeding a portfolio dry for at least 30 years, even through occasional market downturns.The concept is simple: Draw down 4% of the portfolio value in the first year of retirement, then a matching amount (adjusted for inflation) in each subsequent year. Bengen himself later updated the number from 4% to 4.5%.It's a good starting point for planning a comfortable retirement, but investors must consider a couple factors when applying it. For instance, the 4% rule doesn't account for big one-time purchases that might push your spending growth above the rate of inflation. It also assumes future market performance will resemble past results.That said, income from your investments can count toward that amount, so if you draw a high (and preferably growing) yield from your portfolio, it means you'll only need minimal price appreciation to remain on track.Here are 14 high-yield dividend stocks to buy that yield 4% or more. These picks have other qualities that are beneficial to retirees, too - some feature much lower volatility than the broader market, and many are consistent dividend raisers whose payouts may keep up with or even outrun inflation. SEE ALSO: 20 Dividend Stocks to Fund 20 Years of Retirement

  • Wireless National Stock Outlook Portrays Bullish Sentiments

    Wireless National Stock Outlook Portrays Bullish Sentiments

    Wireless National Stock Outlook Portrays Bullish Sentiments

  • AT&T Enters Into Agreement With Amdocs for Digital Upgrade

    AT&T Enters Into Agreement With Amdocs for Digital Upgrade

    The multi-year managed services agreement is part of the business transformation strategy of AT&T (T) and is likely to bring innovation to the market in an agile manner.

  • Top Communications Stocks for November 2019

    Top Communications Stocks for November 2019

    These are the communications stocks with the best value, fastest growth, and most momentum for October.

  • 4 Reasons Why AT&T Stock Can Stay In Rally Mode

    4 Reasons Why AT&T Stock Can Stay In Rally Mode

    Earlier this year, I gave four big reasons why investors should buy AT&T (NYSE:T) stock for 2019 and 2020. Those four reasons were very simple. The wireless competition headwind was moderating, the 5G boom was coming, HBO Max would spark a rebound in the video business and the valuation on AT&T stock was simply too cheap to ignore.Source: Lester Balajadia / Shutterstock.com Fast forward to present day. We are now less than two months from the end of 2019, and AT&T stock is up an impressive 40% year-to-date. Even if shares went sideways over the next two months, 2019 would mark the best annual performance for the stock since 2006.The big question now -- can AT&T stock stay in rally mode?InvestorPlace - Stock Market News, Stock Advice & Trading TipsI think so.Going back to the four reasons to be bullish on T stock for 2019 and 2020, all four of those reasons remain relevant today. To be sure, one of them (a cheap valuation) is becoming increasingly less relevant. At some point, the valuation on T stock will fully reflect the reality that the fundamentals here are improving.But, that point hasn't come yet. Instead, it appears that there's still another ~10% upside left before the valuation on the stock maxes out.Given this, AT&T stock should stay in rally mode for now. Wireless Pricing Headwinds Are ModeratingOne of AT&T's biggest headwinds over the past several years -- severe wireless pricing headwinds thanks to promotional activity from competitors -- is showing signs of significant moderation. * 7 Great High-Yield Stocks With Payouts Over 5% Specifically, the industry is getting smaller, as T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) are officially merging into one company. These two low-priced mobile carriers were at the forefront of the promotional activity in this industry. Thus, now that they are one company, the industry has eliminated 50% of the companies that were leading the price cutting. Going forward, then, promotional activity across the whole industry should be less severe, and pricing trends should broadly improve.At the same time, as opposed to playing defense, AT&T is now playing offense on the price-cutting front. They recently announced a wave of price cuts to their unlimited data offerings. In so doing, AT&T is recognizing that price cutting isn't over, so they are doing the price cutting on their own terms. Doing so on your own terms should help mitigate the margin impact of the cuts.Big picture, across most fronts, it appears AT&T's big pricing headwinds which have plagued the wireless business over the past several years, are moderating in an important way. The 5G Boom Is Still ComingCalendar 2019 was the year of niche 5G testing, and 2020 will be the year when 5G goes from niche to mainstream. This transition will ultimately provide a big lift to AT&T's wireless business, and AT&T stock.The logic is pretty simple. By itself, 5G is going to be huge. Not only will it make every internet-connected device faster, but it will also enable a whole new generation of internet-connected devices (think smart appliances, smart apparel, etc.). As such, 5G will provide a lift to the whole internet service provider (ISP) industry.But, it will provide an especially big tailwind for large ISPs. Why? Because large ISPs, like AT&T and Verizon (NYSE:VZ), have the most resources to allocate toward 5G deployment, and so they reasonably project as the leaders of the 5G revolution. Thus, when 5G goes mainstream next year, AT&T and Verizon will likely have very good 5G offerings, while everyone else will have sub-par offerings.This "de-commoditization" of the wireless coverage industry will force customers out of cheaper plans at T-Mobile, Sprint and others, and into more expensive (but better) plans at Verizon and AT&T. This will lead to healthy customer growth for AT&T, at favorable price points and will re-ignite margin-additive growth in the wireless business. HBO Max Will Provide A Much-Needed Video BoostOn the video side of things, the fundamentals of that part of AT&T's business will improve significantly over the next few years, too, thanks to the deployment of AT&T's very own content-packed streaming service, HBO Max.AT&T's video business has been killed by cord-cutting headwinds. Long story short, consumers are cutting the cord and turning to non-AT&T streaming services, so AT&T is just losing video subs. AT&T's proposed solution? Let them cut the cord. But, turn them toward signing up for AT&T streaming services, so the company doesn't let any subs slip out of the ecosystem.The problem, though, is that AT&T has lacked the content firepower to launch a competitive streaming service. Until now. With the acquisition of WarnerMedia, AT&T can now package content from HBO, Warner Bros, TBS, TNT, Adult Swim and the DC Universe into one streaming service. That's exactly what they are doing with the launch of HBO Max in 2020.This new service will help AT&T offset cord-cutting losses in the video business, and in so doing, will provide a lift to AT&T's revenues and profits. This lift should support further gains in AT&T stock. Valuation on AT&T Stock Remains ReasonableLast, but not least, the valuation on AT&T stock remains supportive of further gains in this rally.To be sure, the stock isn't as cheap as it used to be. When I first wrote on T stock earlier this year, the forward-earnings multiple on the stock was nearly equal to the dividend yield, with both hovering around 6. Now, though, AT&T's forward-earnings multiple is up around 11, while the dividend yield has sunk to 5.2%. * 7 Biotech Stocks to Buy With Plenty of Power in the Pipeline On the negative side, the forward-earnings multiple is as high as it has been in a few years, and the dividend yield is below the stock's five-year-average yield. But, one could reasonably argue that this relative premium is warranted given the improving fundamental picture.On the positive side, the forward earnings multiple is in-line with the sector-average multiple and the stock's five-year-average multiple. The dividend yield is also above where the stock has historically topped out at (4.8%).Thus, I think the valuation on T stock remains reasonable. I'd only get concerned when the multiple soars substantially above 11, or when the yield drops toward 4.8%. At current dividend rates, that won't happen until the AT&T stock price reaches around $42. Thus, this rally appears to have 5-10% upside left before maxing out on the valuation front. Bottom Line on T StockAT&T stock is having its best year since 2006. While the best of this rally has already played out, the party isn't over just yet. The fundamental picture continues to improve and the valuation remains reasonable. So long as those two things remain true, the stock will stay on its best uptrend in over a decade.As of this writing, Luke Lango was long T. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Great High-Yield Stocks With Payouts Over 5% * 10 Blue-Chip Stocks to Buy for the End of the Year * 5 Retail Stocks Getting Nothing but Coal This Holiday Season The post 4 Reasons Why AT&T Stock Can Stay In Rally Mode appeared first on InvestorPlace.

  • MarketWatch

    Dow flat in spite of losses for Exxon Mobil, Dow Inc. shares

    DOW UPDATE The Dow Jones Industrial Average is flat Tuesday afternoon with shares of Exxon Mobil and Dow Inc. leading the way for the blue-chip average. The Dow (DJIA) was most recently trading at 27,690, unchanged from yesterday's close.

  • TheStreet.com

    How to Get Disney Plus For Free in 2019

    Verizon announced that it will offer some customers a free year of Disney+, Disney's new streaming service, in a boost for the nascent platform. How to Get Disney Plus for Free Customers with the telecom carrier's Unlimited plans, or with new Fios Home of 5G Home internet service accounts will receive a complimentary 12 months of Disney+ starting Tuesday, the service's launch date.