In this video from Tuesday's Investor Beat, host Chris Hill and Motley Fool banking and financial analyst David Hanson look at the biggest stories from the market today for investors.
Despite reporting a sound quarter that beat analysts' expectations on both adjusted earnings and revenue and delivered more than $5 billion in profit, Verizon (NYSE:VZ) was down slightly today. The telecom giant also announced what David is calling a "small bet," closing a deal to purchase Intel Media, which had been Intel's (NASDAQ:INTC) foray into on-demand television. David sees Verizon as such a giant company with operations in so many different parts of the media and telecom landscape that he considers it a safe, reliable bet that this company isn't going anywhere over the next several years. Whether it can beat the market or be at the forefront of the next big thing in media and telecom, however, is something David is a bit more skeptical on. Check out the video for more.
Who will rise as cable falls?
You know cable's going away. But do you know how to profit? There's $2.2 trillion out there to be had. Currently, cable grabs a big piece of it. That won't last. And when cable falters, three companies are poised to benefit. Click here for their names. Hint: They're not Netflix, Google, and Apple.