Is Verizon on your horizon?
I added Verizon Communications (VZ) to the Barchart Van Meerten New High portfolio. The company was formed by the merger of Bell Atlantic and GTE and is one of the world's leading providers of high-growth communications services. Verizon companies are the largest providers of wire line and wireless communications in the United States. Verizon is also the world's largest provider of print and on-line directory information.
At the present time the company is on an acquisition and consolidation plan that should eventually mean so -- I can't believe I'm using this term " synergism " t0 their far flung operations. Fewer people, less redundancy hopefully more sales and earnings per share.
Wall Street brokerages have 13 buy reports published and look for increased sales and earnings and over time a 5.96% annual growth rate for at least 5 years.
This is one of the most widely followed stocks by the general investing public and over on Motley Fool 4067 CAPS members voted the stock will beat the market to only 262 that think it won't. The more experienced All Stars voted 1050 to 37. Fool notes that of the Wall Street columnists they follow all 32 of the articles have been positive.
The stock has recent price momentum with 18 new highs in the last 20 session including all of the last 5. Barchart has a 100% technical buy signal with the stock trading at 31.19 well above its recent 50 day moving average of 29.03. The stock appreciated 8.89% last month and has a 14 day Relative Strength Index of 78.54% and rising.
This stock has:
Wall Street brokerages looking for increased sales and earnings A very wide and positive investor following Recent price movement with all technical indicators on Barchart very positive.
Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog..