Reported before open today (7/26/16) Earnings: EPS $0.94 Revenue $30.53B Estimates: EPS $0.92 Revenue $30.95B Down 1.90% today
Long-term call spread bullish on Verizon optionMONSTER's monitoring system detected the purchase of 20,000 January 2018 65 call for $0.61 and the sale of 20,000 January 2018 75 calls for $0.05 yesterday. Volume was far above open interest in both strikes, indicating that these are new positions. http://finance.yahoo.com/news/long-term-call-spread-bullish-134706835.html
VZ July 2017 Options Begin Trading http://www.forbes.com/sites/dividen...july-2017-options-begin-trading/#6e428e5c18a9
Wish I had good news here. If this breaks below 48, I'm out until at least 52.50 becomes support again.
Verizon shares slump despite earnings beat http://www.marketwatch.com/story/verizon-shares-slump-despite-earnings-beat-2016-10-20?siteid=yhoof2
Analyst Upgrade/Downgrade Update Brokerage firm: Drexel Hamilton Change: Upgrade Previous Rating: Hold Current Rating: Buy Previous Price Target: N/A Current Price Target: N/A
Verizon adds fewer-than-expected postpaid subscribers, shares slip http://finance.yahoo.com/news/verizon-adds-fewer-expected-postpaid-121805080.html
Verizon Returns To Unlimited Data In Battle Vs. T-Mobile, Sprint Source: http://www.investors.com/news/techn...nto-unlimited-data-battle-vs-t-mobile-sprint/
Yahoo shares were up 1% on Tuesday despite news of Verizon discounting its deal price by $350 mn to $4.48bn. Why so? Background: The deal was first announced in July last year when Verizon sought to buy Yahoo's core internet business for $4.83bn. Subsequently, Yahoo reported two major data breaches of user account data affecting over 1bn accounts. It has since faced criticism for late disclosure of these breaches and is currently facing investigation by the SEC Why did Verizon not drop the deal or deeply discount its price despite this breach? And why are Yahoo shareholders pleased despite a cut in the deal price? Possibly, 1) The synergies and benefits that Verizon sees in the deal far outweigh the price. The deal allows Verizon to substantially expand its user base, gives it access to international users and also helps Verizon's ads become more relevant for the global markets. This serves its strategy of focusing on targeted mobile advertising and diversifying away from the stagnating wireless market All this at a very reasonable price 2) On the other hand, Yahoo investors are relieved of being able to witness the consummation of the deal after the months-long process and the possibility of the breach being a deal breaker. The deal allows Yahoo to bring a closure to its fading internet business and is also tax efficient for Yahoo stakeholders as the holdings in Alibaba and Yahoo Japan properties will not be spun off but will remain in the holding company Altaba Inc. Read more about Yahoo and Verizon here: http://www.cityfalcon.com/watchlists?assets=YHOO,VZ
COMCAST is going in the phone business, not sure if that's reason of recent drop, but it brings more competition. We could see more downside here, on watch for sure.
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.
Verizon up 4% in pre-trade on news that Berhshire Hathaway bought a chunk. Finally, maybe my investment in Verizon will do something.