• DECK
• DENN
• JD
• SNAP
• VZ

Street calls of the week

• JD
• VZ

Chinese hackers targeted phones affiliated with Harris campaign

Chinese hackers reportedly targeted phones linked to Kamala Harris, Trump, and Vance through Verizon. Investigations are ongoing into unauthorized access to U.S. telecoms.

• T
• TMUS
• VZ

T-Mobile cut at Raymond James as thesis has played out

Raymond James downgrades T-Mobile to Market Perform, citing premium valuation and slower growth despite strong execution and a 101% stock surge since 2021.

• T
• VZ

Frontier Communications asks shareholders to accept Verizon's takeover bid

Frontier Communications urges approval of Verizon's $20 billion takeover, citing it as the best option despite investor concerns over the offer's value.

• FYBR
• VZ

KeyBanc cuts Verizon rating on concerns over growth, Frontier acquisition

KeyBanc downgraded Verizon due to disappointing results, limited growth, and slowing postpaid net additions, while maintaining 2024 guidance but forecasting reduced future cash flow and EBITDA growth.

• AMZN
• CL
• DJI
• DX
• ENPH
• EUR/USD
• GC
• IXIC
• JNJ
• LCO
• MCD
• MMM
• NTRS
• ODFL
• PKG
• STX
• TDY
• US500
• USD/JPY
• VIX
• VZ
• WMT

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.96%

U.S. stocks closed lower, led by losses in Technology and Consumer sectors. Notable gainers included Northern Trust and Teledyne, while losses were seen in Enphase and McDonald's.

• AMGN
• DGX
• DJI
• DX
• EUR/USD
• GC
• GM
• GPC
• INTC
• IXIC
• LCO
• MMM
• MSFT
• PHM
• PM
• US500
• USD/JPY
• VIX
• VZ
• WMT

U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.02%

U.S. stocks closed mixed, with sectors like Consumer Goods and Technology rising, while Telecoms and Industrials declined. Notable gains and losses across major indices were reported.

• VZ

Earnings call: Verizon reports record EBITDA and strong Q3 growth

Verizon's Q3 2023 earnings reveal record EBITDA, wireless revenue growth, and a strategic focus on broadband expansion, alongside AI investments and improving customer offerings, with positive growth outlook.

• VZ

Verizon reports mixed Q3 results, maintains full-year outlook

Verizon's mixed Q3 results showed earnings beat expectations, while revenue fell short, yet subscriber growth in wireless and broadband remains strong, maintaining full-year guidance.

• VZ

Verizon earnings beat by $0.01, revenue fell short of estimates

Verizon reported Q3 EPS of $1.19, exceeding estimates, while revenue at $33.3B was slightly lower. FY 2024 EPS guidance is $4.50-$4.70. Stock is up significantly over the last year.