Keep an eye on Verizon (VZ).
Slightly oversold, it’s starting to pivot higher again. Plus, while waiting for it to recover, investors can collect its yield of 6.7%.
Helping, the company just noted it lost fewer-than-expected wireless customers in its recent quarter. For the quarter, it lost 68,000 wireless retail postpaid subscribers, as compared a year-earlier loss of 127,000. It was also lower than the anticipated loss of 100,000 subscribers. Also, while its revenue was up slightly by 0.2% to $33 billion, it was lower than expectations for $33.23 billion. Its total wireless revenues were up 3.3% year over year to $19.5 billion.