Is Verizon Still A Buy After The Q2 Earnings Selloff?
VZVerizon(VZ) Seeking Alpha·2024-07-23 22:47

hapabapa Verizon Communications Inc.'s (NYSE:VZ) year-to-date gains have been wiped out after its second quarter earnings were disappointing, highlighting the stock's choppy run this year. The stock's elevated volatility continues to reflect its strong correlation to long-end Treasury performance, as we had previously discussed, which has fluctuated due to rising rate cut expectations later this year. And Verizon's underwhelming report this week has only exacerbated the fundamental-driven component of the s ...