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T-Mobile closed at $146.54, a fresh 52-week low that undercuts the October 9 bottom by 1.37%. The $157.2 billion carrier has now spent two weeks setting new floors.
Four cybersecurity names took the top gainer slots at Friday's close, with CrowdStrike up 8.2% to lead a group that rarely moves in lockstep. The damage sat in telecom, where AT&T and T-Mobile both landed among the day's worst losers alongside Bloom Energy.
T-Mobile US set a fresh 52-week low at $148.58, taking out the October 1 floor by 8.13% just eight days later. A year ago the stock traded above $220.
All three major US wireless carriers closed down double digits on the same day, a rare sweep for names usually bought as defensive income. Moderna's 13.8% gain topped the board on the other side.
All three major US wireless carriers are at the bottom of the board at the open, with T-Mobile down 8.9% and AT&T and Verizon close behind. Optical names lead the other side, Applied Optoelectronics up 8.9%.
TMUS Coverage
Grading Dan Schulman’s First Year at Verizon: Customers, Cash and the Starlink Question
Dan Schulman walked into Verizon carrying a turnaround promise and a mountain of debt, and one year later the scoreboard shows a CEO who delivered on some fronts while leaving others dangerously…
I Bonds Pay 4.26% With Built-In Inflation Protection. Here’s How That Stacks Up Against Dividend Income
A Treasury-backed savings bond and a telecom dividend sitting near a 52-week low both advertise similar yields right now, but the similarities end at the number. Which one actually puts more money…
Chris Lange Verizon Falls 4% as Revenue Miss Overshadows Raised Outlook; AT&T and T-Mobile Hold Steady
A revenue shortfall is eclipsing a quarter of strong subscriber gains at Verizon Communications (NYSE:VZ | VZ Price Prediction), and the market is siding with the top line. Verizon stock is at…
Saturated Skies, Deep Pockets: Why T-Mobile’s $18B Cash Machine Faces Its Toughest Valuation Test Yet on Oct. 28
T-Mobile (NASDAQ:TMUS | TMUS Price Prediction) reports third-quarter results on Oct. 28 with shares at $146.54, down 26.25% year to date. The company generates a lot of cash. This report shows whether…
Rich Duprey Telecom Stocks Fall as SpaceX Eyes 80,000 Cell Sites: T-Mobile Sinks 5%, AT&T Drops 4%, Verizon Slides 3%
A report that SpaceX (NASDAQ:SPCX | SPCX Price Prediction) wants access to 80,000 U.S. cell sites is hitting every major national wireless carrier at once. Shares of T-Mobile (NASDAQ:TMUS) fell 5% to…
SpaceX Is Coming for the Phone Companies, but the Tower Owners Win Either Way
SpaceX is reportedly chasing 80,000 cell towers to build a fourth nationwide wireless carrier, and the move sent shockwaves through the stocks of every major player except the ones that actually own…
Does SpaceX’s $8 Billion Spectrum Deal Mean Verizon’s Q3 Earnings Don’t Really Matter?
Verizon (NYSE:VZ | VZ Price Prediction) reports third-quarter results on October 26, days after SpaceX (NASDAQ:SPCX) announced a roughly $8 billion deal for nationwide 800 MHz spectrum. I think the deal makes…
AT&T Sinks 5% Despite Q3 Beat and Raised Outlook; Verizon and T-Mobile Drop 3%
A quarter that topped forecasts and lifted the profit outlook isn’t protecting AT&T (NYSE:T | T Price Prediction), whose shares are falling harder than those of its biggest wireless rivals. AT&T stock…
Every Yield Trap Has a Tell. This $7,750-a-Month Portfolio Avoids All of Them
Not every fat dividend survives long enough to matter, and the gap between a yield that compounds your wealth and one that quietly drains it comes down to a handful of signals…
T-Mobile Rebounds 3% After Record Drop on Starlink Spectrum Move; SpaceX Ticks Up, Verizon Edges Higher
T-Mobile (NASDAQ:TMUS | TMUS Price Prediction) stock is up 3% to $152.65 in afternoon trading, recovering part of the worst one-day loss in its history as a public company. Meanwhile, Verizon (NYSE:VZ)…
Prediction: AT&T Could Have More Upside Than Its Dividend Suggests
AT&T shares just got hammered by a Starlink spectrum deal that spooked the entire telecom sector, but the selloff may have created something unexpected for investors willing to look past the dividend.
Verizon’s Had A Difficult 6 Months: This Wall Street Research Firm Says It Will Provide Roughly 50% Returns From Here
SpaceX just handed Verizon its worst single-day drop since 2002, yet one Wall Street firm sees the selloff as an opportunity that could reward patient investors far more than the broader market…
Cathie Wood Sold SpaceX Stock the Same Day It Dropped Its Spectrum Bombshell
ARK Invest trimmed its SpaceX position hours before a seismic spectrum announcement sent wireless carriers into a tailspin, and the sequence of events raises a question the fund's disclosure timing can only…
Here Are Monday’s Top Wall Street Analyst Research Calls: Adobe, Biogen, First Solar, GoDaddy, Hubspot, Palantir Technologies, Robinhood Markets, Snowflake, TeraWulf, T-Mobile US and More
Pre-Market Stock Futures: Futures are trading mixed as we head into a week that marks the start of third-quarter earnings reports, with big-money banks leading off tomorrow. All major indices finished higher…
SpaceX Just Got Permission to Compete With AT&T and Verizon From Orbit
The FCC just handed SpaceX a path to reach your phone without asking AT&T or Verizon for permission, and the carriers are already scrambling to respond before the first satellite even launches.