Reported 1 day ago
Jim Cramer expressed optimism about Verizon Communications Inc. (VZ), highlighting the company's strong second-quarter performance, which resulted in a 6.8% share price increase year-to-date and a 4.3% jump in July. Verizon raised its full-year free cash flow guidance from $18 billion to $20 billion and reported adjusted EPS of $1.22, beating estimates. While Cramer acknowledged Verizon's steady dividend yield likening it to a bond amidst intense competition in the telecom sector, he suggests that AI stocks might offer better investment returns.
Source: YAHOO