Stock Movers Tesla Rises, 3M Higher, Verizon Falls on Subscriber Decline
Apr 22, 2025
Verizon is feeling the heat as subscriber losses lead to a sharper decline in shares, fueled by fierce competition. In contrast, 3M sees its stock rise after confidently reaffirming financial guidance despite looming trade war risks. Meanwhile, Tesla is in the spotlight as investors await earnings results, hoping for a comeback from a significant stock drop. The podcast dives into these intriguing market dynamics and their implications for future investments.
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Verizon's Subscriber Decline Insight
- Verizon experienced a larger-than-expected decline in mobile phone subscribers due to intense competition and reduced federal agency spending.
- Customers are also keeping phones longer, which reduces the need for new subscriptions.
Personal Phone Usage Example
- Isabel Lee shares a personal example of owning her iPhone for years, reflecting a trend of longer phone usage.
- This anecdote illustrates why subscriber growth is slower across wireless providers like Verizon.
3M's Resilience amid Trade Risks
- 3M maintains full-year guidance despite tariff risks expected to reduce earnings by up to 40 cents per share.
- Its diverse product portfolio and positive outlook boost investor confidence even amid trade tensions with China.