Verizon Stock Set for Worst Week Since 2008. Time to Buy?

Yesterday it was AT&T  (T) – Get AT&T Inc. Report; today it’s Verizon  (VZ) – Get Verizon Communications Inc. Report

The stocks of the country’s two largest telecom companies are uncharacteristically volatile as they report second-quarter earnings.

On Thursday, Verizon shares fell 2.9% in sympathy with AT&T’s earnings selloff. While AT&T beat on earnings expectations, its full-year free cash flow guidance disappointed investors after a trim to $14 billion from $16 billion.

This morning, Verizon delivered its own disappointment as well. The shares are down more than 7% on the report, as earnings missed expectations and the company cut its profit outlook.

Source: https://www.thestreet.com/investing/verizon-set-for-worst-week-since-2008-time-to-buy-technical-analysis-july-2022?puc=yahoo&cm_ven=YAHOO&yptr=yahoo