“The Big 3: VZ, NEM, SPCX”
VZ poised to break resistance; close above 50.75 targets 51.68; room for further gains.
I chose Verizon as my first stock, and it has performed well since the beginning of the year and is outperforming the market. We have increased by 23%. To me, it seems poised to break through this technical level that has seen resistance earlier in the year, and there are two thoughts here.
Firstly, today's deal is a buy, and I like the idea of owning the stock for the long term even if the buy options don't materialize and we don't see this big market rally in the coming months.
But owning a stock with an annual return of 5.6% is tempting, especially in today's market when you are looking for some diversification, an opportunity to get a premium and also the potential to rise above these current levels.