Investors Look Forward to Week AheadComments Off on Investors Look Forward to Week Ahead
This is a big week ahead for the wireless industry as companies will begin announcing their fourth quarter earnings. Crown Castle and Verizon are both scheduled to report this week: CCI will report after the market closes on Wednesday, but host their call on Thursday, and Verizon will report and host their call on Thursday. Jennifer Fritzsche, Senior Analyst at Wells Fargo, explained what’s on investors minds in her weekly research note, “Sentiment remains quite heavy. The fear is there is not a lot of good news to come out of earnings and then a big cloud of regulatory uncertainty in late February with Title II. While it seems legislation could be proposed which would offer a more neutral solution, going back to our grade school constitution test, the President (who has made his views on the issue very clear) can easily veto this—pushing us into further “regulatory purgatory” and it seems like this could remain in the courts for a long time. General sentiment is, why own the group?” Continue reading here.