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As Senator Bernie Sanders (I-VT) embraces economic populism, President Donald Trump is advancing his own version of government intervention in the economy.
Huawei, General Electric, Target, Google, Sony and AT&T are the companies to watch.
AT&T Inc.* is the winning bidder for spectrum licenses covering more than 98% of the U.S. population following the close of FCC Auction 102. The company won 24 GHz spectrum in 383 Partial Economic Areas (PEAs) for a nationwide average of 254 MHz. All of the licenses won were in the more valuable upper 500 MHz portion of the 24 GHz band, giving AT&T stronger nationwide coverage and additional spectrum depth and capacity in many top markets where demand is often greatest.
AT&T is upgrading its wireless network after buying Time Warner. AT&T earnings are stalling and shares are far off highs. Is AT&T stock a buy right now?
The past year has been exciting, if not a little stomach-churning. A raucous 25% rally to start the year unwound a miserable last few months of 2018, but that big advance has been chopped by one-third just since the beginning of May.Thus, when picking the best stocks to buy for the rest of 2019, you have to approach your selections with volatility - namely, avoiding it - in mind.Maybe the year's second act will be a little less exciting and a little more consistent for investors than the first. But with Chinese trade relations in limbo, Brexit still in the air and uncertainty about the Federal Reserve's future plans for interest rates, calm is far from a guarantee.To that end, here are the best stocks to buy for the rest of 2019. Not only are these stock picks a little less vulnerable to the volatility we've seen of late, but they each have solid backstories and/or fundamentals that should prove attractive if the hazy backdrop remains. SEE ALSO: The Berkshire Hathaway Portfolio: All 48 Buffett Stocks
(Bloomberg) -- A group of states sued to block T-Mobile US Inc.’s proposed takeover of Sprint Corp. on antitrust grounds, putting pressure on the Justice Department as it nears a final decision on the merger of the two wireless carriers.State attorneys general from nine states and the District of Columbia filed the lawsuit Tuesday in federal court in New York to stop a deal they say will harm competition and raise prices for consumers by at least $4.5 billion a year.“When it comes to corporate power, bigger isn’t always better,” New York Attorney General Letitia James said in a statement. “This is exactly the sort of consumer-harming, job-killing mega-merger our antitrust laws were designed to prevent.”The states’ challenge is a major setback to T-Mobile’s and Sprint’s plan to combine and take on industry leaders AT&T Inc. and Verizon Communications Inc. Last month, the carriers cleared a key hurdle when they won support for their deal from the chairman of the Federal Communications Commission.The all-Democratic attorneys general are taking the rare step of suing to block the $26.5 billion deal while the Justice Department is still reviewing the merger. State enforcers have the authority to go to court to block a merger even if federal officials at the Justice Department and the FCC approve it. Sprint shares dropped 6.4% at 12:15 p.m. in New York trading. T-Mobile fell 1.7%.The spread between T-Mobile’s offer price and Sprint shares is the widest since May 17. It’s a sign that investors are more doubtful that a deal will get done.Sprint and T-Mobile representatives didn’t immediately respond to a request for comment.The case, which was filed under seal, puts pressure on Makan Delrahim, the head of the Justice Department’s antitrust division. He can either side with the states, which say the merger should be blocked, or negotiate a remedy that would allow the deal to proceed. Delrahim doesn’t think a settlement with the FCC goes far enough to resolve competition problems from the deal and is in talks with the companies about additional concessions.What Bloomberg Intelligence Says:T-Mobile getting its proposed $27 billion acquisition of Sprint past regulatory hurdles is no done deal, though the companies have some defenses that stand a chance. The Department of Justice has expressed interest in the competitive potential of 5G technology and a strong competitor to AT&T and Verizon in that area. The outcome depends to a great extent on whether the evidence supports T-Mobile’s assertions about future market dynamics and 5G competition.\--Jennifer Rie, litigation analystClick here to view the pieceThe state attorneys general say that combining T-Mobile and Sprint would eliminate competition between them and lead to higher prices. And in a more consolidated market, AT&T and Verizon would also be able to charge more.“Although T-Mobile and Sprint may be promising faster, better, and cheaper service with this merger, the evidence weighs against it,” said California’s Attorney General Xavier Becerra. “This merger would hurt the most vulnerable Californians and result in a compressed market with fewer choices and higher prices.”In the retail mobile wireless market, not including enterprise accounts, T-Mobile and Sprint would lead AT&T and Verizon in market share, according to the states. In some areas of the country, their market share would be more than 50%, they said. Harm from the tie-up will disproportionately fall on lower-income consumers who are customers of Sprint and T-Mobile’s pre-paid brands, Boost and Metro, they say.Deal InvestigationAccording to people familiar with their thinking, state officials don’t know whether the Justice Department will ultimately approve the deal. They are taking action because after investigating the merger for about a year they determined it violated antitrust laws and they don’t see any reason to wait for the Justice Department to make a decision, the people said.The states’ investigation, led by the chief of New York’s antitrust bureau, Beau Buffier, relied on technical and economic experts, according to one of the people. Their economists are Carl Shapiro of the University of California at Berkeley and Yale University’s Fiona Scott Morton, the person said.The case comes more than a year after T-Mobile and Sprint announced the deal to combine, claiming together they could better compete with Verizon and AT&T while speeding deployment of the next generation of wireless technology known as 5G. Although a previous attempt to merge was frustrated by the Obama administration, T-Mobile and Sprint were betting on a more receptive audience from the Trump officials.The tie-up’s fate now rests with a federal judge, who must decide whether it should be blocked on antitrust grounds. The companies could still reach a settlement before the case goes to trial.If the carriers are stopped from completing the deal, they would be left to their own to compete in a maturing wireless market while financing expensive investments in developing their own 5G networks.‘Supercharge’ T-MobileSprint’s challenges are bigger. Despite becoming profitable last year after a decade of losses, it warned the FCC that without a deal it sees “no obvious path to solve key business challenges.”T-Mobile Chief Executive Office John Legere took the lead on Capitol Hill -- and on social media -- advocating for the deal. He said the transaction would “supercharge” his company, which he made a maverick competitor in the market. The centerpiece of his case was that combining with Sprint would help the U.S. lead in 5G technology, a priority for the Trump administration.That argument was dismissed by opponents of the deal, including consumer groups and the Communications Workers of America, which said the merger would reduce choice, lead to higher wireless bills and cause job losses.Getting a deal with T-Mobile was a long-held plan of Masayoshi Son, the chairman of SoftBank Group Corp., which owns Sprint. In 2014, he came to Washington vowing a price war if he was able to acquire T-Mobile and personally lobbied U.S. officials about a potential tie-up. If the deal goes through, T-Mobile owner Deutsche Telekom will end up with a 42% ownership stake while SoftBank will own 27%.(Updates with statement from James in third paragraph.)\--With assistance from Scott Moritz.To contact the reporters on this story: David McLaughlin in Washington at email@example.com;Erik Larson in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Sara Forden at email@example.com, Joe Schneider, David GlovinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
“Men in Black: International” and “Shaft” were just the latest sequels to fall short of industry expectations this weekend over a summer of disappointments.
WarnerMedia's new Innovation Lab in NYC will feature an “immersive zone” for showcasing consumer-ready experiences visible to the public.
Recently, AT&T (T) rose above its 20-day moving average, suggesting a bullish sentiment in its stock. On June 12, AT&T stock closed the trading day at $32.18. Based on this figure, the stock was trading 1.0% above its 20-day moving average of $31.86.
On June 12, AT&T’s (T) market cap was $235.7 billion. AT&T is the second-largest US wireless service provider in terms of market cap. T-Mobile’s (TMUS) market cap was $63.6 billion, while Sprint’s (S) market cap was $27.8 billion on the same day.
TAMPA, Fla., June 17, 2019 /PRNewswire/ -- At AT&T1, we've invested more than $175 million in our Tampa area wireless and wired networks during 2016-2018. This investment has helped AT&T become the fastest wireless network in the nation, according to the first quarter 2019 results from tests taken with Speedtest® and analyzed by Ookla®. "We're always looking for new opportunities to enhance coverage for our customers and FirstNet subscribers," said Joe York, president, AT&T Florida.
JACKSONVILLE, Fla., June 17, 2019 /PRNewswire/ -- At AT&T1, we've invested more than $300 million in our Jacksonville area wireless and wired networks during 2016-2018. This investment has helped AT&T become the fastest wireless network in the nation, according to the first quarter 2019 results from tests taken with Speedtest® and analyzed by Ookla®.
ORLANDO, Fla., June 17, 2019 /PRNewswire/ -- At AT&T1, we've invested nearly $425 million in our Orlando area wireless and wired networks during 2016-2018. This investment has helped AT&T become the fastest wireless network in the nation, according to the first quarter 2019 results from tests taken with Speedtest® and analyzed by Ookla®. "We're always looking for new opportunities to enhance coverage for our customers and FirstNet subscribers," said Dan Pollock, regional director, AT&T Florida.
MIAMI, June 17, 2019 /PRNewswire/ -- At AT&T1, we've invested more than $1 billion in our wireless and wired networks in Miami-Dade, Broward and Palm Beach counties during 2016-2018. This investment has helped AT&T become the fastest wireless network in the nation, according to the first quarter 2019 results from tests taken with Speedtest® and analyzed by Ookla®. "With the recent adoption of new wireless infrastructure deployment guidelines by the Miami-Dade County Commission, we all saw yet another example of our local elected officials adopting policies that open the door to investment in our community," said Alfred Sanchez, president/CEO, Greater Miami Chamber of Commerce.
JACKSONVILLE, Fla., June 17, 2019 /PRNewswire/ -- At AT&T1, we've invested nearly $3.2 billion in our Florida wireless and wired networks during 2016-2018. In 2018, AT&T made more than 3,200 wireless network upgrades throughout the Sunshine State.
According to the data compiled by Reuters, as of June 12, among the 29 analysts covering AT&T (T) stock, 48% have given it “buys,” 45% have given it “holds,” and 7% have given it “sells.” As per analysts’ consensus, AT&T’s mean target price was $33.80 per share on June 12.
AT&T Inc NYSE:TView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for T with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting T. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold T had net inflows of $9.22 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Telecommunications Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. T credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The U.S. Justice Department is set to decide as early as next week whether to approve the $26.5-billion merger of wireless carriers T-Mobile USA and Sprint Corp, a person briefed on the matter said on Friday. Earlier this week, Dish Network Corp executives met with the Justice Department's antitrust chief Makan Delrahim and Federal Communications Commission Chairman Ajit Pai as part of the government's review of the deal, which could dramatically reshape the U.S. wireless market.
The money was invested to boost reliability, coverage, speed and overall performance for residents and businesses in the state, according to the company.
WarnerMedia, an operating company of AT&T Inc.*, announced today that it has completed the sale-leaseback of its premises at 30 Hudson Yards to a consortium for approximately $2.2 billion. AT&T Inc. (NYSE:T) is a diversified, global leader in telecommunications, media and entertainment, and technology. WarnerMedia is a leading media and entertainment company that creates and distributes premium and popular content to global audiences through its consumer brands including: HBO, Warner Bros., TNT, TBS, truTV, CNN, DC Entertainment, New Line, Cartoon Network, Adult Swim, Turner Classic Movies and others.
Bloomberg reported in April that Related would buy and lease back the space that AT&T Inc.’s WarnerMedia had purchased at 30 Hudson Yards, and that Allianz was one of the developer’s potential partners in the deal. Allianz in 2016 bought a 44% stake in neighboring 10 Hudson Yards for $420 million.
This week's major tech stories include a wrap-up of Microsoft and Nintendo from E3 2019 and news that AT&T has cancelled Galaxy Fold preorders.