Shares of Verizon (NYSE:VZ) started the day off up, but are down around 2% for the day overall after the company released what seemed on the surface like a good earnings report, beating analysts' expectations slightly on both adjusted earnings and revenue.
Another piece of news, however, was Verizon's announcement that it had closed the deal to buy Intel's (NASDAQ:INTC) TV and media unit. Intel's goal with this department was to bring more on-demand television to viewers, but whereas Intel may not have been the right company to make the necessary deals with the networks involved in bringing this project to life, Verizon may be much better positioned to do so. The deal could also integrate well with Verizon's existing Fios service.
So after today's pullback, the strength of Verizon this quarter, and its newest acquisition, should investors consider buying today? In the video, Motley Fool analyst Dave Meier says it could make an interesting play for any investor looking for a consistent income-generating stock.