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Enter Symbol:
 
Verizon Communications Inc. (VZ) [hlAlert]

Rating:
Buy VZ
up 37.67 %

BusinessWeek: Top Stock Picks for 2010

Posted on: Monday,  Feb 15, 2010  8:29 PM ET by BusinessWeek: Top Stock Picks for 2010

BusinessWeek: Top Stock Picks for 2010 rated Buy Verizon Communications Inc. (NYSE: VZ) on 12/13/2009, when the stock price was
$33.55. Since then, Verizon Communications Inc. has gained 37.68% as of 08/27/2015's recent price of $46.19.
If you would have followed this BusinessWeek: Top Stock Picks for 2010's recommendation on VZ, you would have gained 37.67% of your investment in 2083 days.

Verizon Communications Inc. (Verizon) is a provider of communications services. The Company has two primary reportable segments: Domestic Wireless and Wireline. Domestic Wireless?s products and services include wireless voice, data services and other value-added services and equipment sales across the United States. Wireline?s communications services include voice, Internet access, broadband video and data, next generation Internet protocol (IP) network services, network access, long distance and other services. It provides these services to consumers, carriers, businesses and government customers both in the United States and internationally in 150 countries. In August 2008, Verizon announced that Verizon Wireless, a joint venture of the Company and Vodafone Group Plc, had completed its purchase of Rural Cellular Corporation, doing business as Unicel. In January 2009, Verizon Wireless completed its acquisition of Alltel Corporation from Atlantis Holdings LLC.

For investors, 2009 was a year when hopes of economic recovery sent a wide swath of the stock market higher. Even the market's most troubled companies had shares that doubled, tripled, or even quadrupled their prices. In 2010 the emerging rebound will surely have influence, as Wall Street bets on the direction of the economy, interest rates, and inflation. But next year investors may also benefit from some smart stockpicking. Strong individual results—especially unexpected earnings and sales growth—could help certain stocks stand out from the crowd. Bloomberg BusinessWeek asked experienced investors and market experts for their favorite stock picks of 2010. Not all the 16 stocks featured here will do well—in fact, our experts based their predictions on widely varying outlooks for 2010—but all have the potential to offer shareholders lucrative surprises next year. Click ahead for the diverse group of equities they chose. (Data from Bloomberg and Capital IQ. Sources currently own the stocks they recommend, unless otherwise noted.)
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/13/2009 4:00 PM Buy
None
33.55
as of 12/31/2009
1 Week up  4.76 %
1 Month up  4.17 %
3 Months   
1 YTD up  4.17 %

(*) Stock Price at the time of the recommendation.
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