Initiate a measured Overweight in Verizon with a calibrated tranche structure (35-40% initial deployment at ~$47.06, 30% reserved for $44.90 pullback, 30% for $48.19 breakout confirmation) capped at 0.9-1.0x benchmark weight, not the aggressive 1.5-2.0x. Hard stop at $43.00 with a defensive rule to halt buying on a 200 SMA break below $43.55, as Q3'26 earnings in late October represents the primary binary catalyst for re-evaluation.