|Day's Range||12.50 - 13.70|
Verizon Communications Inc. (NYSE:VZ) stock is about to trade ex-dividend in 4 days time. You will need to purchase...
Comcast says video streaming is up 38%, while video chats and internet phone calls have soared 212%.
MoffettNathanson analyst Craig Moffett ran through several recession scenarios, looking at how they would affect AT&T’s business and ability to maintain the payout.
So far, the internet’s vast infrastructure has, for the most part, been holding up under an onslaught of heavy use with millions of people working from home or self isolating during the COVID-19 pandemic.
There's no doubt that the market is getting brutalized with regularity these days.Much of it is the economic implications of the novel coronavirus and how the U.S. economy recovers from the lockdowns, market losses and credit issues. Some of it has to do with the end of a bull market without significant corrections.That had a lot to do with central banks managing the major economies around the world, which gave business a solid platform of support so companies could grow consistently, if not grandly.InvestorPlace - Stock Market News, Stock Advice & Trading TipsA predictable market is what Wall Street likes, and it had it for a long time.But things have changed. Yes, the Federal Reserve and other central banks are stepping in with unprecedented measures, but managing a pandemic is hardly predictable.That why it pays to have solid, reliable stocks in your portfolio that will be there through it all -- and certainly after it all shakes out. The seven telecom stocks worth a look here are just those types of stocks. * 7 Dividend Stocks at Risk of Slashing Payouts All that telecommuting and streaming going on now -- many of these telecom stocks benefit from that and from massive future growth opportunities in the industry. And all are A or B rated by my Portfolio Grader. Telecom Stocks to Buy: T-Mobile (TMUS)Source: Tupungato / Shutterstock.com T-Mobile (NASDAQ:TMUS) is working hard to become the No. 3 mobile carrier in the U.S. And now that its merger with former rival Sprint (NYSE:S) has received all the necessary approvals, that goal is much closer.It has taken a long time for this merger to work out. But its $75 billion market capitalization makes it a significant player in the U.S. telecom market now.Having been the underdog for so long, and being led by the unconventional John Legere -- who stepped down as CEO on April 1, a date likely consciously chosen for its irony -- it has already proven that corporate titans in telecom have a challenge on their hands.TMUS stock doesn't pay a dividend, but the stock is up 25% in the past 12 months. It's up 11.2% in the past 3 months, which shows this is where a lot of money is moving in the down market. Cogent Communications (CCOI)Source: Pavel Kapysh / Shutterstock.com Cogent Communications (NASDAQ:CCOI) is a Tier 1 internet service provider (ISP) that is one of the top 5 networks in the world. Basically, it provides internet access to companies from large to small as well as carriers, service providers and other businesses that need internet access.It was built on the concept of treating bandwidth like a commodity, so it bills its customers by usage, rather than a set fee structure. And it operates outside of the regional Bell operating companies (RBOCs) -- like AT&T (NYSE:T) and Verizon (NYSE:VZ) -- so it doesn't depend on negotiating contracts with rivals for accessing bandwidth.That also allows it significant flexibility in building out its offerings. And given the fact that much of the world is on lockdown right now, that means all those telecommuting office workers and all those streaming services are filling CCOI's pockets.Because it's a very focused company, it's not huge -- it has a $3.8 billion market cap -- but it does have 54 internet data centers around the world, and provides service to more than 205 major markets and more than 6,950 other networks. * 7 Strong Stocks to Buy to Survive the Coronavirus Crisis The stock is up 51% in the past year and nearly 24% in the past 3 months. And, when it comes to future prospects, the growth story here is much larger than any one stock. Telecom Stocks to Buy: BCE (BCE)Source: madamF / Shutterstock.com BCE (NYSE:BCE) is the Canada version of the Bell companies in the U.S. As a matter of fact, it was launched in Canada in 1880 as the Canadian spinoff of the old Ma Bell.But over the years it has developed its own identity in the Great White North. And it is a dominant player in the Canadian telecom sector. It offers the same broad list of services offered by its U.S. Bell brethren and should see a growth in usage during these Covid-19 times.But it's rock solid and has a firm foothold on its business.While the stock is off 13% in the past 12 months, most of that has happened in the past 3 months. And at this point, it delivers a very attractive 6.3% dividend. Iridium Communications (IRDM)Source: Shutterstock Next on my list of telecom stocks is Iridium Communications (NASDAQ:IRDM). It has a product you have likely seen in any number of military or spy movies when the protagonist is out in the middle of nowhere and grabs a phone to call in a strike and request support.It makes those satellite phones that work anywhere -- like the top of Mount Everest, the jungles of the Amazon or the middle of the Gobi Desert or Indian Ocean.The company did not have an auspicious start in 1998, at the height of the dot-com bubble. It declared bankruptcy by 1999. Its grand idea of having 77 satellites circling the Earth, connecting people everywhere was bold -- and expensive. And the money dried up.But it was revived after the crash, and now launching satellites is much cheaper and easier. And it has created a large network of 66 satellites that circle the globe, connecting ocean-going vessels, aviators and far-flung land-based people with reliable communications to anywhere -- and from anywhere -- in the world.The company has a reliable market, but its goal is to bring on consumers at some point. But that takes lots of money, especially to make it available for reasonable rates. This market is tough for that, but the stock is off just 22% in the past 12 months, all of that in the last month.Since it has no dividend, this is a growth stock play. I do, however, have a growth and income opportunity available for you in my investment report, The Netflix of 5G. AT&T (T)Source: Jonathan Weiss/Shutterstock AT&T (NYSE:T) is the original Ma Bell -- the telephone company of America. It's also one of the key telecom stocks in the U.S. And that means it's big. If anything is happening in telecom that's worth being involved in, T is there.And it can afford to do that because it has a market cap of more than $200 billion. While it used to be the home to one of the most innovative research and development organizations in the world -- Bell Labs -- it now has a different approach.When the new, disruptive technologies hit, T waits to see the best of the new companies and then buys them. That was the strategy with mobile, which was a game changer for T stock.And now it's in the content business with its acquisition of TimeWarner.The fact is, it's hard to imagine the U.S. without T. But that certainly isn't the reason to own it. The reason for that is T knows how to run its business and do it profitably in good times and bad.And its content acquisition means it can also diversify its revenue stream. And as I said before, there's a lot of content streaming going on. Also, T is very involved in rolling out 5G, which will also be a huge opportunity.The stock is off 11% for the year and 27% in the past 3 months. However, it's well valued here and is delivering a solid 7.1% dividend to pay for your patience. Vonage (VG)Source: STEFANY LUNA DE LINZY / Shutterstock.com Vonage (NASDAQ:VG) was one of the pioneers of voice-over-internet protocol (VoIP) for consumers in the early 2000s. As mobile phones were still catching on, the new disruptive technology at the time was to use the internet to make phone calls.The problem was connectivity was challenging -- some places it was faster than others and service may be impossible in others. It was a gamble, but it paid off.Since then, VG has moved into business services as well. And operations have moved to the cloud for even more service options. Ultrafast 5G wireless may provide further opportunities for this and many, many other companies (and their investors).While the company only has a $1.6 billion market cap, it has a solid group of customers and remains a well-run business. Analysts are currently upgrading their ratings on the stock and it would also be a good buy for a larger telecom looking to expand its user base. * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem The stock is off 33% in the past 12 months and only 10% in the past 3 months. It's a tempting takeover here. Shenandoah Telecommunications (SHEN)Source: Piotr Swat / Shutterstock.com The last of my telecom stocks to buy is Shenandoah Telecommunications (NASDAQ:SHEN). It has been around since 1902, serving the rural communities of the Shenandoah Valley in Virginia.It remains a relatively small firm, with a $2.4 billion market cap. But its service area now includes two large colleges and all the telecom needs -- land based, broadband and mobile -- for the students and the expanding communities and businesses. It has also expanded broadband into West Virginia, Maryland and Kentucky. And it owns 225 mobile towers in its service area, which is another great source of revenue, especially as 5G becomes more broadly deployed.It will benefit from the Great Lockdowns that are now happening as well as population growth as people from the DC metropolitan area move out to exurbia and telecommute.The stock is up 5% in the past 12 months, and up 13% in the past 3 months, showing that it's a rock-solid stock when things get crazy. It has a 0.6% dividend.Once those lockdowns lift, of course, it'll be time to look at the big picture. And for telecom stocks -- and many, many related names -- the big picture is the 5G revolution. The 5G Buildout Is an Incredible Opportunity for Investors Right NowWithin two years, most cell phones will be 5G enabled and be able to wirelessly handle television streaming. With 5G, we'll have cable modem speeds on any device; no need to plug in. That's a big deal for rural areas … the very same areas that are also key to President Donald Trump's reelection. So, by pushing 5G over the goal line, Trump will deliver a big win for his base -- and strike a blow against Chinese rivals like Huawei Technologies.But, in the big picture, 5G is about much more than trade wars and faster downloads. Because 5G is 100 times faster than 4G, it'll allow your internet devices to work in real time. That advancement is a game changer for tech companies.With the 5G infrastructure market set to grow at an annual rate of 67% over the next 10 years, the entire market will go from $780 million to nearly $48 billion. This buildout is where I see opportunity with 5G stocks now.Cable companies can do their best to fight back with fiber optics … but they can't compete with the convenience of a smartphone, once it's got ultra-fast 5G. That's how my 5G infrastructure play will capture more market share from the broadband cable companies.The stock I'm targeting is a favorite on Wall Street, and it has strong fundamentals, too -- making it a "Buy" in my Portfolio Grader system.Click here to watch my new, free briefing on this extraordinary technology and the opportunity with 5G stocks.When you do, you'll see how to claim a free copy of my new stock report, The Netflix of 5G, which has full details on this company -- and what makes it such a great investment.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * This Stock Picker's Latest Video Just Went Viral * The 1 Stock All Retirees Must Own The post 7 Telecom Stocks That Are Worth a Close Look appeared first on InvestorPlace.
DOW UPDATE Buoyed by positive momentum for shares of Chevron and Exxon Mobil, the Dow Jones Industrial Average is climbing Thursday afternoon. Shares of Chevron (CVX) and Exxon Mobil (XOM) have contributed about 25% of the blue-chip gauge's intraday rally, as the Dow (DJIA) was most recently trading 155 points higher (0.
While BlackBerry (BB) beats on fourth-quarter fiscal 2020 earnings on year-over-year revenue growth, Nokia (NOK) launches an innovative platform to aid users with reliable network connectivity.
Ryan Tedder, Grammy® winning songwriter, producer and lead singer of the multi-platinum selling band OneRepublic, will perform on Pay It Forward Live, Verizon’s weekly streaming entertainment series in support of small businesses affected by COVID-19, on Thursday, April 2. The performance, which will take place in his home, will stream live at 8 p.m. ET/5 p.m. PT on Twitter @Verizon, Yahoo and Fios Channel 501.
Fundamental and technical analysis raise issues in buying Verizon stock, a dividend play. VZ stock has outperformed AT&T; shares during coronavirus bear market. 5G may be delayed.
A sports-free landscape has forced many fans to watch and re-watch highlights from classic Super Bowls and World Series on cable sports channels. It’s prompted some to revisit board games like Strat-O-Matic to simulate unplayed games. And it’s prompted others to look for an alternative -- in this case, esports.
Verizon Communications Inc. shares keep raking in the love as analysts show increasing concern about rival AT&T Inc.
(Bloomberg Opinion) -- Just weeks from the launch of its all-important HBO Max product, WarnerMedia is getting a new boss straight from the streaming world. Jason Kilar, who ran Hulu in its early days, is set to take over as CEO of AT&T Inc.’s WarnerMedia division on May 1, the company announced Wednesday. He’ll have oversight of not only the various media networks — HBO, CNN, TBS, TNT, TruTV, Cartoon Network — and the Warner Bros. film studio, but also the product at the center of AT&T’s latest effort to become a dominant force in streaming TV. That’s HBO Max, a $15-a-month app that will serve as the new digital destination for viewers who want to binge on re-runs of “Friends,” relive “Game of Thrones” and have access to new content with the HBO flavor.Kilar, 48, is replacing John Stankey, the longtime AT&T executive who has been juggling two titles: head of WarnerMedia and chief operating officer of the Dallas-based wireless parent company. Killar will report to Stankey, who began his career at one of the Baby Bells and is now considered a top candidate to become AT&T’s next CEO when Randall Stephenson retires. The leadership of the new AT&T is taking shape, though the WarnerMedia gig wasn’t necessarily an easy sell for industry veterans watching the messy integration from afar.Kilar is an interesting choice. Nine years ago, he infamously wrote a memo that read like an obituary for traditional TV, according to Rich Greenfield, an analyst for LightShed Partners, who found a digital copy. “History has shown that incumbents tend to fight trends that challenge established ways and, in the process, lose focus on” customers, Kilar wrote, needling Hulu’s partners at the time (it’s now controlled by Walt Disney Co.). That means HBO, after being led for two years by a wireless executive who knew little about traditional media, will now be led by someone who cares nothing for it. After the Jerry Maguire-like manifesto, one news headline asked if Kilar was trying to get fired; now that kind of thinking has gotten him the top job at a Hollywood giant.Following his time at Hulu, Kilar went on to create a $3-a-month subscription-video service called Vessel. He sold it in 2016 to Verizon Communications Inc., which shut doMn the service days later and put the Vessel team to work on its own go90 mobile-video product. It was part of Verizon’s failed expansion into media, with go90 now also long gone. Kilar’s arrival marks another step on AT&T’s stormy path to become an entertainment juggernaut that can compete with Disney and Netflix Inc. That journey began when AT&T acquired Time Warner in June 2018, after initially facing government resistance and later, skepticism from AT&T’s own shareholders that the megamerger would work. (The company’s last major deal, for the DirecTV satellite service, was already creating enough headaches.) Since then, Stankey has reshuffled the Warner ranks, occasionally creating controversy among employees who weren’t on board with the changes. He told me in an interview last year that he was working to have Warner’s sub-brands work closer together toward a common mission of making HBO Max a success.With most everyone stuck home because of the coronavirus pandemic and binge-watching TV, some have wondered why Stankey hasn’t pushed up the release of HBO Max. Doing so might help it capture more subscribers faster. Although, more time spent watching doesn’t necessarily translate into more money for streaming services, since viewers pay a monthly rate to access an all-you-can-stream buffet of content. The CEO transition may be yet another reason that WarnerMedia is being patient. There’s also tremendous pressure on AT&T to prove it can get this right, not least because it’s saddled with about $180 billion of debt as the U.S. economy hurtles toward a recession.Last fall, I wrote a piece asking, “Is AT&T’s Hollywood plot too far-fetched?” In the coming months, Kilar will help provide the answer. This column does not necessarily reflect the opinion of 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/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Hulu co-founder and former chief executive Jason Kilar has been named the new chief executive of WarnerMedia . It's the latest executive reshuffling at the AT&T-owned media giant, which saw its previous CEO, John Stankey, promoted to president and chief operating officer while still holding the media subsidiary's reins. Stankey will remain in those roles, and Kilar will be reporting to him starting on May 1 — right before the launch of WarnerMedia's new streaming service HBO Max.
In spring 2018, T-Mobile bid to acquire Sprint, seeking greater scale, new wireless spectrum holdings, and cost synergies. The deal finally closed Wednesday.
Verizon (VZ) deploys advanced tech support in a U.S.-based naval hospital ship to aid health care professionals with seamless network connectivity amid the ongoing COVID-19 pandemic.
Goldman Sachs analyst Brett Feldman made some changes to his positioning on telecommunications stocks Wednesday, elevating Verizon Communications Inc. shares to Goldman's 'conviction list' while dropping Comcast Corp. and Altice USA Inc. from the list. He also downgraded shares of CenturyLink Inc. and Intelsat SA to sell from neutral. On Verizon, he said that the stock offers "the most attractive combination of total return and risk owing to its stable wireless business, well-covered dividend (4.6% yield) and strong balance sheet." He worries about "cord-cutting, advertising and [small-and medium-sized business] exposure" for Comcast and Altice USA but kept buy ratings on those stocks even while removing them from the conviction list. Feldman is concerned that the COVID-19 outbreak could put additional pressure on CenturyLink's wireline business and thus its earnings, and he has a more downbeat view on Intelsat due to the company's cruise-ship, aviation, and traditional media exposure.
In the latest trading session, Verizon Communications (VZ) closed at $53.73, marking a -1.9% move from the previous day.
President Donald Trump spoke with the heads of AT&T, Comcast and other companies on Tuesday as more Americans were using the internet under the coronavirus pandemic, and a bipartisan consensus appeared to be emerging on boosting U.S. infrastructure.
Phone companies used to be the ultimate defensive stocks, but recent diversification and changes in business models have made them more sensitive to economic cycles, Nomura’s Jeffrey Kvaal says.
President Donald Trump is holding a call with seven of the biggest U.S. internet and mobile phone providers on Tuesday to talk about how the networks are holding up as tens of millions of Americans work from home. The Federal Communications Commission has said U.S. networks are performing well and has granted temporary access to additional spectrum blocks to help providers manage traffic. AT&T Inc, Verizon Communications Inc, Charter Communications Inc, Comcast, Altice USA , T-Mobile and Sprint Corp are expected to take part in the call.
Verizon announced today that it’s immediately implementing a significantly enhanced compensation plan for the company’s dedicated employees who must deploy outside their homes to meet critical customer needs. “Now, more than ever, our networks must remain operational as we continue to provide essential services to healthcare workers and facilities, first responders, schools, businesses, and families,” said Christy Pambianchi, Verizon’s Chief Human Resources Officer. As part of the company’s “Essential On-Site Services Pay” program, eligible retail employees will receive an increase in their base hourly rate when working in a corporate-owned retail location.