Is Verizon Stock a Buy?
Verizon (NYSE: VZ) is about to connect with both customers and investors in a profound way. As more customers upgrade to 5G-compatible devices, it should start to upload returns from its investment in 5G.
Moreover, Verizon, T-Mobile (NASDAQ: TMUS), and AT&T (NYSE: T) have formed an oligopoly in the U.S. for this essential service. As more individuals, businesses, and gadgets switch to using 5G networks, Verizon stockholders should continue to download steady, significant returns for investors.
Verizon has gone all-in on 5G. Such bets are typically considered risky. As most investment advisors will tell you, it's better to diversify. However, this may be the one time where going against conventional wisdom makes more sense. Given the essential nature of wireless communications these days and the reduced level of competition in the 5G arena, this is a strategy not likely to fail Verizon.
Source Fool.com
