Verizon's New Buy
Shares of Verizon started the day off up, but are down around 2% for the day overall after the company released what seemed on the surface like a good earnings report, beating analysts' expectations slightly on both adjusted earnings and revenue.
Another piece of news, however, was Verizon's announcement that it had closed the deal to buy Intel's TV and media unit. Intel's goal with this department was to bring more on-demand television to viewers, but whereas Intel may not have been the right company to make the necessary deals with the networks involved in bringing this project to life, Verizon may be much better positioned to do so. The deal could also integrate well with Verizon's existing Fios service.
So after today's pullback, the strength of Verizon this quarter, and its newest acquisition, should investors consider buying today? In the video, Motley Fool analyst Dave Meier says it could make an interesting play for any investor looking for a consistent income-generating stock.
So how can investors get in on this massive shift in television?
You know cable's going away. But do you know how to profit? There's $2.2 trillion out there to be had. Currently, cable grabs a big piece of it. That won't last. And when cable falters, three companies are poised to benefit. Click here for their names. Hint: They're not Netflix, Google, and Apple.
The article Verizon's New Buy originally appeared on Fool.com.David Meier has no position in any stocks mentioned, and neither does Fool contributor Mark Reeth. The Motley Fool recommends and owns shares of Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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