Could This Bear Market Buy Help You Become a Millionaire?
Verizon is a reliable defensive stock, but it has struggled to beat the market.
Verizon Communications (NYSE: VZ), one of the largest telecom companies in America, is often considered a safe-haven stock during bear markets. Its growth rates are anemic, but it runs a stable business, has a wide moat, and pays a high dividend.
Verizon, like many other defensive stocks, usually delivers unimpressive gains during bull markets. The S&P 500 has risen 51% since the current bull market started on Oct. 12, 2022, but Verizon has only advanced 28% during the same period.
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