VZ - Verizon Communications

Cited as a large conglomerate that pays dividends but won't help compound wealth

Verizon is discussed as a potential disruption target for Starlink's direct-to-mobile satellite service. Starlink could become a fourth competitor to Verizon, AT&T, and T-Mobile, potentially disrupting Verizon's $50B+ annual EBITDA business.

Traditional telecom companies face structural decline due to Starlink's cost advantage. SpaceX can undercut and steal telecom customers globally. Felix states if he were shorting something today, it would be telecom companies.

Steve lists Verizon as a core income investment from a dividend perspective.

Stagnant stock, lack of innovation compared to competitors like T-Mobile.

Steve sees Verizon as undervalued with a 7% dividend yield. New CEO Dan Schulman is expected to expand margins through layoffs, debt refinancing at lower rates, and shifting to direct-to-consumer model. Target price around $55.

Big money trader bought $475K of September 2026 $42 strike calls. Company has been recovering from 2023 lows making higher lows. Short-term support around $38.50.