The company’s wireless network serves approximately 120 million mobile connections with 115 million postpaid subscribers. Verizon’s wireline business has undergone a period of secular decline due to wireless substitution and cable competition.
Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and it delivers integrated business solutions to customers worldwide.
Verizon Communications stock investors receive a 7.14% dividend. Cowen has set its price objective at $49, above the $44.84 consensus target. Thursday’s closing share price was $36.55.
VFC
This proverbial “off-the-radar” idea can be purchased and held forever, as it makes name-brand popular clothing. V.F. Corp. (NYSE: VFC) engages in the design, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products for men, women and children in the Americas, Europe and elsewhere.
The company offers outdoor, merino wool and other natural fibers-based, lifestyle and casual apparel; footwear; equipment; accessories; outdoor-inspired, performance-based, youth culture/action sports-inspired, streetwear and protective work footwear; handbags, luggage, backpacks and totes; and work and work-inspired lifestyle apparel and footwear.
VFC provides its products under the North Face, Timberland, Smartwool, Icebreaker, Altra, Vans, Supreme, Kipling, Napapijri, Eastpak, JanSport, Dickies and Timberland PRO brand names. The company sells its products primarily to specialty stores, department stores, national chains and mass merchants, as well as through direct-to-consumer operations, including retail stores, concession retail stores and e-commerce sites and other digital platforms.
Shareholders receive a 5.22% dividend. The $30 Stifel target price for VFC stock is in line with the $29.97 consensus target. Thursday’s close was at $23.01.
These seven top companies have incredible cash flow, and their stocks are trading well below their 52-week highs and are well positioned for this year. Plus adding energy, defensive consumer products, real estate, a REIT specialty stock, cheap technology and more all make sense with a market that looks ready to implode if rates continue higher.
Originally published at 24/7 Wall St.
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