#7 - Verizon Communications (NYSE:VZ)
If you’re looking for a contrarian option as a large-cap stock for 2022, we offer Verizon Communications (NYSE:VZ). Verizon has the distinction of being among the “Dogs of the Dow” in 2021. This is a dubious distinction that goes to stocks that are the worst performers among the Dow Jones components. In the case of Verizon, the stock is down 10% in 2021.
So is there reason for optimism in 2022? The continued opportunity in 5G will likely be a catalyst. And the company will also continue to benefit from demand for its wireless products even as competition increases.
And investors will also be attempting to digest what the company’s recent announcement of a partnership with Vuzix means. It could make Verizon a picks-and-shovel play in the emerging metaverse, which would be something new for investors to consider.
Analysts give VZ stock a 13% upside from its current level. Verizon has increased its dividend in each of the last 17 years.
About Verizon Communications
Verizon Communications Inc, through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business).
Read More - Current Price
- $38.96
- Consensus Rating
- Hold
- Ratings Breakdown
- 7 Buy Ratings, 10 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $46.54 (19.5% Upside)
Many investors enjoy researching and selecting their own stocks. And we believe that the stocks in this presentation can be solid additions to any portfolio. However, many investors prefer a more “set it and forget it” approach.
In the case of large-cap stocks, this can lead them to index funds or exchange-traded funds that closely track the Russell 1000 Index. The Russell 1000 tracks 1,000 of the largest United States companies in terms of market capitalization.
There are many funds that track the Russell 1000. One of the best performing funds is the iShares Russell 1000 ETF (NYSEARCA:IWB). This is the largest growth fund that tracks the Russell 1000 with over $78 billion in assets. Another solid choice is the Vanguard Russell 1000 ETF (NYSEARCA:VONE). Both funds give investors broad exposure to a basket of large-cap stocks. And both funds pay quarterly dividends that can be automatically reinvested to contribute to the fund’s total return.
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