Verizon Communications (VZ) is ranked 8th as a cheap blue chip stock by hedge funds.
From Yahoo Finance: 2025-04-22 10:53:00
Verizon Communications Inc. (VZ) is among the 10 Cheap Blue Chip Stocks to Buy According to Hedge Funds, ranked 8th with 74 hedge fund holders. The company’s forward P/E ratio as of April 18 is approximately 9.1x, with positive analyst sentiments towards its business strategies and stock performance. Third Point Management highlighted Verizon’s strategic acquisition of Frontier Communications, emphasizing the value of fiber expansion in the market. The company’s focus on IoT partnerships, 5G infrastructure, and growth potential positions it well for long-term success.
Fidelity notes increased market anxiety due to US policy uncertainty, impacting financial markets in Q1 2025. Despite tariff hikes and deregulation, the global business cycle remains intact, with gold and commodities seeing gains. Inflation remained at ~3%, with growth risks and diversification crucial for investments in fixed income and non-US assets.
Consumer inflation stayed around 3% in Q1, exceeding the US Fed’s 2% target. Tight labor market conditions persist despite policy uncertainty, affecting labor force participation. Fidelity warns of upside inflation risks from tariff increases and high consumer inflation expectations. The investment firm emphasizes the importance of diversification amid market uncertainties.
Marci McGregor from Merrill and Bank of America Private Bank recommends a defensive investment approach due to market volatility. Defensive, dividend-paying stocks are favored for short-term plays, while long-term strategies should focus on assets supporting future growth opportunities. Uncertainty surrounding trade provides buying opportunities for long-term investment strategies, leveraging market volatility for favorable asset purchases.
Read more: Is Verizon Communications (VZ) the Cheap Blue Chip Stock to Buy According to Hedge Funds?