Stock Idea: Verizon (VZ, $34.95)

(May 16, 2011 update: All future stock posts will appear on my new subscription-only website at www.GoodfellowLLC.com. Please visit!)

Verizon (VZ) has a dividend of 5.58%. What is the bank paying you? My last statement from TCF Bank shows an annual yield of 0.16%. Obviously, stocks are risky and money market funds are not too risky, but the goal is not always to minimize risk. Sometimes the goal is to earn money!

VZ's eps are expected to drop 1% in 2011 and climb 17% in 2012. I bought this stock recently at $32.15, and now it's at $34.95. It could easily bounce around $32 again before a run-up. I expect it to climb to $41/$42, at which point I'll sell.

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The Right Huff is Crista Huff's blog for politics and items of sociological or financial interest. Crista Huff also manages Goodfellow LLC, a subscription-only stock market website. We strive to identify financially healthy companies in which traders and investors can buy shares and earn dividends and capital gains. See disclaimer for the risks associated with investing in the stock market. See your tax advisor for the tax consequences of investing. See your estate planning attorney to clarify beneficiary and inheritance issues associated with your assets.

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