How To Earn $500 A Month From Verizon Stock
Portfolio Pulse from Avi Kapoor
Verizon Communications Inc. (VZ) shares closed slightly lower despite a market increase. VZ is launching a streaming bundle with Netflix (NFLX) and Warner Bros. Discovery (WBD). VZ is expected to report Q4 2023 earnings on Jan. 23, 2024. Oppenheimer analyst Timothy Horan reiterated an Outperform rating with a $43 price target. VZ offers a 7.13% annual dividend yield. To earn $500/month from dividends, an investment of approximately $84,171 is needed. Dividend yields fluctuate with dividend payments and stock prices. VZ shares fell 0.5% to close at $37.31.
December 28, 2023 | 1:40 pm
News sentiment analysis
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NEUTRAL IMPACT
Verizon's stock closed lower but announced a new streaming bundle with NFLX and WBD. It maintains a high dividend yield and has an Outperform rating with a $43 price target from Oppenheimer.
The new streaming bundle could attract investor interest, but the impact is neutral short term as the market has already reacted to the news. The high dividend yield is positive, but it's not new information. The reaffirmed Outperform rating is positive, but the stock's slight decline suggests a mixed short-term outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Netflix is part of a new streaming bundle with Verizon and Warner Bros. Discovery, which could potentially increase its subscriber base and revenue.
The partnership with Verizon could lead to an increase in Netflix's subscriber base, which is positive for the stock. However, the short-term impact may be limited until more details emerge on the uptake of the new bundle.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 60
POSITIVE IMPACT
Warner Bros. Discovery is included in Verizon's new streaming bundle with Netflix, which may enhance its visibility and subscriber growth.
The inclusion in Verizon's streaming bundle could be beneficial for Warner Bros. Discovery by expanding its content's reach. The short-term impact is likely positive but depends on the consumer response to the bundle.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 60