Better Buy: Verizon Communications vs. Coca-Cola
Verizon (NYSE: VZ) and Coca-Cola (NYSE: KO) are both generally considered stable dividend stocks. However, Verizon's stock held up better throughout the COVID-19 crisis, slipping just 4% since the beginning of the year as Coca-Cola's stock tumbled about 13%. Let's see why the telecom giant outperformed the beverage maker, and whether or not the trend will continue over the next year.
Verizon's core wireless business, which generates most of its revenue, struggled with sluggish sales of smartphones and fierce competition from rival carriers last year. That's why its revenue grew just 1% in fiscal 2019, and its adjusted EPS rose just 2%.
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Source Fool.com
