Diamonds and Dogs
Can you hear me know? Verizon (VZ) is jumping 3% thanks to an upgrade at JP Morgan with a $58 price target. The analyst said, hands down, Verizon is executing on its business, and could see its share improve commensurately. The analyst also expects Verizon to introduce a number of mobile 5G handsets in 2019. In the meantime, you collect a 5 percent dividend yield. Not bad. I can hear that.
Accounting issues are never a good thing. Cybersecurity software company, Symantec is down 32%, its biggest one-day decline in 17 years and second-biggest loss in 29 years as a public company after management said late Thursday that the company's audit committee was conducting an internal investigation into claims made by a former employee. Not helping things, Symantec also issued a weaker-than-expected forecast for the current fiscal year and quarter. At least five analysts downgraded their ratings on Symantec's stock.