How Verizon became the Dow's worst stock
CNN
Verizon reported earnings that topped forecasts Wednesday morning and issued a more upbeat outlook for 2022. That's some much-needed good news for the company, which has been the Dow's worst-performing stock this year, falling about 10%.
Overall, the Dow is up about 16% in 2021, making Verizon's underperformance really stand out. (Biotech Amgen (AMGN), another Dow component, is also down nearly 10% this year.)
Even though profits were better than expected and shares rose about 2% Wednesday, Verizon may still find it difficult to excite Wall Street much longer. Sales growth remains sluggish and the company's revenues grew just 4% from a year ago, missing estimates.
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