Verizon Slips; S&P, Nasdaq Reach Highs
Verizon closed at $47.81 Friday, down 0.42% as major indexes hit record highs. The stock lags AI-driven rallies, trading on steady subscriber growth and a 2026 EPS outlook of $4.95–$4.99. FCC cleared Verizon’s $1B spectrum deal this month. CEO Schulman says transformation is ahead of plan, but investors await stronger revenue and cash flow trends amid heavy competition and rising promo costs.