Can You Hear the Charts Now? Trading Verizon Stock on Earnings Dip

Investors are in Verizon  (VZ) – Get Verizon Communications Inc. Report as a flight-to-safety trade. These investors are typically looking for low volatility and a decent yield while they wait.

They likely weren’t expecting Verizon stock to fall 6% today after disappointing quarterly results.

That’s particularly after the boost we saw in AT&T  (T) – Get AT&T Inc. Report stock after it reported better-than-expected results.

As we size up telecom, this group has been part of the so-called “risk-off” trade, which is observed as investors move into safer assets amid increasing volatility.

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