simbha

Is this breakout different for VZ ?

NYSE:VZ   Verizon Communications Inc.
Notes on chart.
Seasonality history , Nada for summer months. But 60 looks possible by EOY.
Let us see whether it is different this time.
ATT is not aggressive about 5G and struggling on TWX deal. VZ is aggressive about 5G and residential broadband services.
Sprint&TMUS deal likely reduce the competition due to consolidation and price wars.
Positive returns on Trump tax credits for 2018. Interest rates rise is negative.
Good news is no additional capex and also on track to cut 10B by 2021

www.wsj.com/articles...s-by-2021-1505402805
Verizon Communications Inc. VZ 3.64% is planning to cut $10 billion in spending from its operations over the next four years, the company’s CEO told investors on Thursday.
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