Why Verizon Stock Is Soaring Today

Verizon (VZ 4.41%) stock is posting big gains in Monday's trading following the company's recent earnings report. The telecommunications giant's share price was up 5% as of 2:15 p.m. ET. At the same point in the day's trading, the S&P 500 (^GSPC 0.33%) and the Nasdaq Composite (^IXIC 0.52%) were up 0.5% and 0.7%, respectively.Verizon posted its second-quarter results before the market opened this morning, and it delivered sales and earnings performance that came in far better than Wall Street's forecasts. I ...