Verizon's Small Bet
In this video from Tuesday's Investor Beat, host Chris Hill and Motley Fool banking and financial analyst David Hanson look at the biggest stories from the market today for investors.
Despite reporting a sound quarter that beat analysts' expectations on both adjusted earnings and revenue and delivered more than $5 billion in profit, Verizon was down slightly today. The telecom giant also announced what David is calling a "small bet," closing a deal to purchase Intel Media, which had been Intel's foray into on-demand television. David sees Verizon as such a giant company with operations in so many different parts of the media and telecom landscape that he considers it a safe, reliable bet that this company isn't going anywhere over the next several years. Whether it can beat the market or be at the forefront of the next big thing in media and telecom, however, is something David is a bit more skeptical on. Check out the video for more.
Who will rise as cable falls?
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The article Verizon's Small Bet originally appeared on Fool.com.Chris Hill has no position in any stocks mentioned. David Hanson owns shares of Apple. The Motley Fool recommends and owns shares of Apple, Google, Intel, and Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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