Verizon shares are trading lower. Weakness may be due to rising Treasury yields, which could drive a rotation out of dividend stocks.
Portfolio Pulse from Bill Haddad
Verizon shares are trading lower due to potential rotation out of dividend stocks caused by rising Treasury yields.
October 06, 2023 | 2:57 pm
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Verizon's stock price is falling due to the potential impact of rising Treasury yields, which could lead to a rotation out of dividend stocks.
Rising Treasury yields can make dividend stocks like Verizon less attractive to investors. This is because as yields rise, the relative return of dividend stocks decreases, potentially leading investors to rotate out of these stocks and into other assets. This dynamic is likely causing Verizon's stock price to fall.
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