Verizon Communications
This top telecommunications stock offers tremendous value at current levels. Verizon Communications Inc. (NYSE: VZ) is one of the largest U.S. telecom companies. It provides wireless and wireline service to retail, enterprise and wholesale customers. (50 American company slogans that everyone recognizes.)
Verizon’s wireless network serves approximately 120 million mobile connections with 115 million postpaid subscribers. The company’s wireline business has undergone a period of secular decline due to wireless substitution and cable competition.
The company 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.
Investors receive an 8.46% dividend. Oppenheimer’s $43 price objective compares with a consensus target of $39.81. Verizon Communications stock closed on Tuesday at $31.76.
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 the following:
- 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
- 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. It also sells through direct-to-consumer operations, including retail stores, concession retail stores and e-commerce sites and other digital platforms.
Shareholders receive a 7.67% dividend. The Telsey Advisory target price is $27. The consensus target for VFC stock is $22.84. On Tuesday, shares closed at $16.00 apiece.
None of these S&P 500 stocks will likely turn up on Reddit’s WallStreetBets stock bulletin boards. However, they are very well suited for what could be a difficult end to 2023 as the economy sputters and rates stay high. They should hold their ground much better in an inflationary and recessionary stretch like the one we are in now and likely will be for some time to come.
Originally published at 24/7 Wall St.
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