Verizon Communications Inc.

New York symbol VZ, provides telephone services in 28 U.S. states. Through 55%-owned Verizon Wireless, a joint venture with UK-based Vodafone, it also provides wireless service in all 50 states.

CANADIAN NATIONAL RAILWAY CO., $155.73, Toronto symbol CNR, remains a buy for long-term gains.

CN operates Canada’s largest railway. Its 30,250-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.

The company last raised your quarterly dividend with the March 2024 payment....
ALPHABET INC., Nasdaq symbols GOOG $168.68 [class C: non-voting] and GOOGL $167.00 [class A: one vote per share], is your #1 Aggressive buy for 2024.

The company is the parent of Google, the world’s leading Internet search engine—it handles over 80% of global search requests....
Verizon Communications offers an appealing 6.6% yield as cash flow rises due to declining capital expenditures
These two U.S. telecom firms have now completed major upgrades to their wireless networks. Those upgrades should help them attract new users. As well, the lower capital spending bodes well for dividend increases.


AT&T INC. $17 is a buy. The company (New York symbol T; Income-Growth Portfolio, Utilities sector; Shares outstanding: 7.2 billion; Market cap: $122.4 billion; Dividend yield: 6.5%; Dividend Sustainability Rating: Above Average; www.att.com) is the largest wireless (cellphone) carrier in the U.S., with 241.5 million subscribers....
VERIZON COMMUNICATIONS INC. $41 is a buy. The telecom provider (New York symbol VZ; Income Portfolio, Utilities sector, Shares outstanding: 4.2 billion; Market cap: $172.2 billion; Price-to-sales ratio: 1.3; Dividend yield: 6.5%; TSINetwork Rating: Average; www.verizon.com) is the second-largest wireless carrier in the U.S....
J.P. MORGAN CHASE & CO., $170.31, New York symbol JPM, is a buy.

Morgan is the largest banking firm in the U.S., with total assets of $3.89 trillion as of December 31, 2023.

In May 2023, the bank acquired most of the assets and deposits of failed California-based First Republic Bank for $10.6 billion....
Telecommunications form an integral part of the economic infrastructure. Moreover, existing players benefit from strict licensing standards and high capital requirements that act as barriers to entry for any new companies. In addition, many of the major telecommunication companies have strong cash flows, high levels of profitability, and rising dividends....
Activist investor Elliott Investment Management is now targeting two firms it feels could boost shareholder value with asset sales or spinoffs. We agree with its proposals, and see both stocks as attractive buys.


CROWN CASTLE INTERNATIONAL CORP....
Verizon Communications Inc. offers a high 7.1% yield while trading cheaply at 7.1 times forecast earnings.
VERIZON COMMUNICATIONS INC. $34 is still your #1 Income Buy for 2023. The telecom provider (New York symbol VZ; Income Portfolio, Utilities sector, Shares outstanding: 4.2 billion; Market cap: $142.8 billion; Price-to-sales ratio: 1.1; Dividend yield: 7.8%; TSINetwork Rating: Average; www.verizon.com) is the second-largest wireless carrier in the U.S....