Stocks to Buy in June: Verizon (VZ)
Shares are essentially flat YTD, but with price momentum building since late April, VZ stock should at least market perform this month on a price basis. VZ stock has an implied upside of 0.7% for June based on a decade of trading. Add in the generous 4.2% yield on the dividend and VZ stock should generate a market-beating total return this month.
That price momentum in VZ stock is supported by shares trading 2.6% above their 50-day moving average, and 2.5% above their 200-day moving average. Furthermore, VZ stock is neither overbought nor oversold. VZ stock has a relative strength indicator of 57, while the industry average is 54.
With price momentum, history and a fat dividend on its side, VZ looks like one of the better stocks to buy for June.
As of this writing, Dan Burrows did not hold a position in any of the aforementioned securities.