About one year ago today, Verizon announced that due to pension expenses and costs associated with Hurricane Sandy, it would post a $1.93 billion loss for the fourth quarter. It is a little surprising how things change in a year. Verizon just reported Q4 net income of $31.07 billion (earnings of 66 cents per share), compared to Q4 2012 results of $30 billion in net income (earnings of 45 cents a share). These results were in line with analysts’ expectations. Net income for the quarter totaled $7.9 billion, while the company reported adding 1.7 new wireless subscribers, as well. That brings the total number of Verizon subscribers to 102.8 million. Nice rebound Verizon, now what do you have in store for 2014?
Results were mixed for U.S. stock markets last week with the Dow Jones up 0.13%, S&P 500 down 0.20% and the NASDAQ rising 0.55%. Emerging markets continued their relentless weakness, dragging the MCSI Emerging Markets Index down another 1.19%.
Big gainers in your portfolio included Bank of Ireland (IRE), which added 3.99%, and Apple Inc. (AAPL), which jumped 1.45%.
Last week's Bull Market Alert recommendation, AbbVie (ABBV), alrea
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