TraderDanER
Long

October 19 Earnings: Verizon Communications: Recovery Time

NYSE:VZ   VERIZON COMMUNICATIONS
The company has been under immense pressure overcoming spectrum crunch and stiff competition in a saturated market.
Verizon's purchase of Yahoo!'s services will allow the company to boost its online offerings and penetrate a new market.
The company's new prepaid offering will aid revenue streams as well.

Weaknesses in the company is impact from Hurricane season with decreased services output.
A further weakness is the still saturated market with stiff competition forcing lower prices.

I believe the company's turnaround phase is in full effect and the company should report a solid beat.
I'm starting Verizon with a $52.50 PT for the post-earnings move.
Trade active: Partial taken at $51.00 to reduce market pressure.
Trade active: Partial taken at open due to market downturn. Swing remains.
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