Analysts Recommend Gold and Food Stocks as Safe Havens
Written by Emily J. Thompson, Senior Investment Analyst
Source: seekingalpha
- Long-Term Value of Gold: Analyst James Foord emphasizes that gold is arguably the purest form of money, with central banks worldwide continuing to accumulate it, highlighting its strong appeal as a long-term safe haven.
- Stability of Food Stocks: Ragmar Rikberg points out that stocks like Verizon, Conagra Brands, and Tyson Foods remain attractive during economic uncertainty, as people need food in all circumstances and tend to cook more at home during recessions.
- Shift from USD Dominance: Analyst Anna Sokolidou notes that the era of the USD's dominance as a safe haven seems to be over, with central banks still stockpiling gold, indicating ongoing confidence in the yellow metal.
- Importance of Diversified Investments: Rick Orford mentions that historically strong-performing quality assets like low-cost index ETFs, dividend stocks, and treasuries can help investors maintain stability amid uncertainty, recommending a
Analyst Views on VZ
Wall Street analysts forecast VZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VZ is 46.42 USD with a low forecast of 43.00 USD and a high forecast of 51.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
4 Buy
10 Hold
0 Sell
Moderate Buy
Current: 39.480
Low
43.00
Averages
46.42
High
51.00
Current: 39.480
Low
43.00
Averages
46.42
High
51.00
About VZ
Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, technology, information and streaming products and services to consumers, businesses and government entities. Its Consumer segment provides wireless and wireline communications services. It also provides fixed wireless access (FWA) broadband through its 5G or 4G Long-Term Evolution (LTE) networks portfolio. The Company's Business segment provides wireless and wireline communications services and products, including FWA broadband, data, video and advanced communication services, corporate networking solutions, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things (IoT) services and products. It provides these products and services to businesses, public sector customers and wireless and wireline carriers across the U.S. and a subset of these products and services to customers around the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
