Each year, Steven Halpern, editor of TheStockAdvisors.com, surveys the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is part of his 24th annual Top Stocks Report.
Verizon Communications (NYSE: VZ) is the top conservative pick for 2007 from Roger Conrad. The editor of The Utility Forecaster says, "The company continues to excel in all areas, except the stock market. Verizon Wireless remains the best network in cellular, and continues to prove it every quarter with rising margins, higher sales, and very low customer cancellation rates.
"Now the company is reporting expectation-beating progress with its construction of the nation's best wireline network, which will run fiber optic cable to more than 20 million homes and businesses within the next five years. The price tag is not inconsequential at $18 billion. But the company has been able to finance it with cash flow, even while reducing debt.
"Critics continue to focus on the loss of local copper phone connections at the company to wireless and cable television rivals. That's like faulting a Super Bowl champion because its punter doesn't see enough action. Buy VZ, which yields a little less than 5%, up to 38."
To see Roger's favorite speculative idea for 2007, click here.
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