|Bid||58.94 x 1300|
|Ask||59.37 x 3200|
|Day's Range||58.00 - 60.54|
|52 Week Range||47.13 - 61.58|
|Beta (3Y Monthly)||0.42|
|PE Ratio (TTM)||15.24|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||2.41 (4.21%)|
|1y Target Est||59.64|
A combined T-Mobile and Sprint would cut down on consumer choice in the wireless space and could hurt competition.
American companies suspend business with Huawei as Washington voices concern over National Security. Yahoo Finance's Julie Hyman, Adam Shaprio, Akiki Fujita, Brian Sozzi and Sylvia Jablonski Direxion Managing Director discuss.
Jonathan Chaplin of New Street Research discusses the merger of T-Mobile and Sprint on CNBC's "Closing Bell."
Sprint and T-Mobile U.S. will announce a series of changes to their $26 billion deal, while U.S. regulators are expected to announce agreement on the conditions necessary to approve the merger, sources said.
T-Mobile US Inc's $26 billion acquisition of rival Sprint Corp appeared to win the support of a majority of the Federal Communications Commission on Monday, in a significant step toward the deal's approval. FCC Chairman Ajit Pai, a Republican, came out in favour of the combination after the companies offered concessions, including selling Sprint's Boost Mobile prepaid cell service, as did FCC Commissioner Brendan Carr, a Republican. The five-member panel's third Republican, Mike O'Rielly, said he was "inclined to support" the proposed merger, even if he was not convinced of the need for all of the conditions announced by Pai.
Shares in T-Mobile and Sprint pared gains Monday amid a report that the DOJ is leaning against their merger despite the FCC chair voicing support of the transaction with conditions.
The combined company, AT&T; and Verizon would be all that remains among the major wireless companies in the domestic market.
The technology sector led stocks lower Monday, with semiconductor and telecom equipment industries some of the hardest hit.
Many investors assumed that federal antitrust regulators wouldn’t let the wireless market shrink to three major players from four. But the latest news from the FCC indicates otherwise.
This morning telecom stocks are moving and today we focus on Verizon (NYSE:VZ). The headline today is that the deal between T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) might finally be done. All of them are moving higher on the headline. But my focus today is on VZ.Source: Shutterstock VZ stock has short-term support and long-term opportunity. When the market stabilizes, it will make new highs.Last year, when the stock markets were having their Christmas crash, VZ stock faced an important zone. Luckily it held the $55 per share zone and averted disaster. This has been a point of interest for bulls and bears since 1999. Usually pivot points this old are sticky enough and provide solid support on the way down.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd therein lies the basis for the bullish thesis going forward. VZ bulls have solid footing on which they can continue building higher price.Conversely, VZ stock also has potential resistance above. Shorter term, technically VZ is trading between a base of $55.75 and $58.50 -- where the bulls face their first line of resistance. But challenges are also the potential opportunities.If VZ closes above this resistance then it would serve as a trigger to target the March 28 drop. When price crosses above prior stall zones it invites momentum buyers especially when they have a solid base below.The Verizon fundamentals provide stability upon which buyers can count. It sells at 14 trailing P/E and pays a 4.2% dividend which is cheap in absolute and relative terms. VZ and AT&T (NYSE:T) are both at least 40% cheaper than TMUS, and this is before counting the fact that TMUS does not pay any dividends.So Verizon bulls are strong hands because they have value and dividends to help them sit through tests. In short, with help from the technicals and the fundamental, the bears will need geopolitical headlines or black swans to break the bulls. Even then, both of these would be temporary effects as they don't change the long-term story for VZ. The Long-Term Story for VZThe globe has gone mobile. Companies like Salesfore.com (NYSE:CRM), Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) shaped the future that is unfolding now. Salesforce.com popularized the cloud, AMZN built it and NFLX proved that the world wants to consume media online. Streaming is easiest on smart phones and therein lies the biggest opportunity for Verizon stock.The launch of 5G, set cell providers to profit for decades to come. The advances in technology means that we will build upon it at a faster rate going forward. This is creating new breakthroughs faster than ever so this migration to the cloud and online media an exponential process that is not reversible. There are a lot of people on the planet and they all need the mobile phone providers. Whether we continue to call them phones or not, Verizon has a front seat for the show.Verizon has a proven management team that built an excellent reputation among its clients. This is similar to Apple (NASDAQ:AAPL) die-hard users. Every VZ user I know swears that they will never leave them. If churn is not an issue then the company can focus on growth. * 7 High-Yield REITs to Buy (Even When the Market Tanks) So from a tactical trading perspective, any dips for the short term should be opportunities to buy it. Furthermore, those who want to own it for the long term can ignore the negative reactions to interim headlines like we are having these days. The U.S. negotiations with China will linger for months and eventually they too shall pass and value stocks like VZ will continue to grow wealth.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Why Verizon Stock Is the Best Telecom Play appeared first on InvestorPlace.
T-Mobile (TMUS) and Sprint (S) plan to announce commitments to the federal government, including asset sales and rural-service guarantees, to secure regulatory approval for their $26.5 billion merger.
Tesla (NASDAQ:TSLA) stock is in free fall, down 40% this year and down again this a.m. Today we look for an opportunity, if possible. The headlines have not been kind to TSLA stock in months. Aside from their usual debate points, last year CEO Elon Musk opened a Pandora's box with tweets that caused a deluge of negative consequences.Source: Shutterstock Mainly, Musk claimed that he would take the company private at $420 per share and that he had secured the funding for it. It all turned out to be false. He was lucky to avoid serious legal consequences from the incidents, but he is still not slowing down with his controversial statements.As a result, his statements' accuracy became a focal point for critics and regulators. Wall Street now hangs on his deadlines and if missed become stock selling points. Yet he still has not reined in his tweets and the stock slide has not stopped since. TSLA is now almost 50% below that one fateful "funding secured" tweet. And now the selling intensified in a red overall equity market.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe bears are at the $200 mark, but therein lies an opportunity, so bet long on Tesla stock. I put emphasis on the word "bet," because this stock story is far from a sure success. It has no clear floor below it. The Potential in TSLA StockBefore this mess started, the bullish thesis for Tesla had multiple facets. Critics couldn't squash the fans with typical arguments. While skeptics labeled it an extremely rich car stock, Wall Street fans called it a technology or even an energy company. It's easy to argue that TSLA is too expensive relative to General Motors (NYSE:GM) and Ford (NYSE:F). But it's harder to do it and also deny the potential from the technology and energy sides. * 7 High-Yield REITs to Buy (Even When the Market Tanks) Tesla seemed invincible to critics for a while, but that all changed last year. Its popularity peaked around the introduction of the Model 3. They sold 400,000 of them almost instantaneously, but then the operational nightmare to actually deliver them started. Perhaps this was caused by Elon himself, as the focus remained on the company's weak operational points.The opinions on Tesla are still bifurcated, as we still have the fans with a price target of $4,000 and those who call it a dead company. But the fans are not as vocal these days, and the naysayers have grown bolder. It's tough to defend the company's actions and results of late.Most concerning are constant talks of liquidity issues, and on Friday we learned that Musk issued a memo to his staff to seriously tighten spending and to oversee every expense. These are alarming requests that could indicate the beginning of the end.Now the fundamental story is shaky at best, and it's hard to buy a stock that is facing such trepidation. So I consider today's write up a very speculative bet on the potential of a bottom for Tesla stock.I call it speculative so as not to give the impression that this is a conviction buy. It's not, Tesla now is still in the Delorean stage. It's a cool car with questionable leadership, so it can come to an end.But there are so many entities that are pot-invested -- to borrow a poker term -- in TSLA that I bet they won't let it die.From a trading perspective, there are those who were looking for the $180 zone to catch this falling machete, and for good reason. Technically, this has been pivotal area for nine years. Those usually are support zones on the way down, as bulls and bears will want to fight it out hard. This creates congestion, which slows down the descent.It is important to note that this is not a hard line in the sand but a zone to watch.But since the Tesla fundamentals are this shaky and the stock market in general is still struggling with geopolitical headlines, the size of your investment matters. I only risk a small amount to start and I would set a stop loss. Discipline is important here, because this is one trade that I would not want to turn into an investment. I don't average down.To summarize, Tesla stock is in free fall and for good reason. But there are technical reasons to try and catch it near $180 per share with limited funds and a tight leash. Because the fundamentals now are potentially disastrous.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post Bet Bullishly on Tesla Stock Around $180 -- With Caution appeared first on InvestorPlace.
Examine Verizon's position in the wireless service industry by considering Porter's Five Forces and determining the company's biggest potential threats.
I can't believe how badly the media is downplaying the 5G revolution. They're so focused on the U.S.-China trade war that they're completely missing the epic battle over 5G.You may have heard that the big wireless carriers -- Verizon (NYSE:VZ), AT&T (NYSE:T),T-Mobile (NASDAQ:TMUS) and Sprint (NYSE:S) -- are racing to roll out 5G networks.But this story is MUCH bigger than that. 5G will literally change the world forever (as we'll see).InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd you better believe Wall Street is all over this. While the mainstream media may be mostly ignoring 5G, the "smart money" sure isn't. * 6 Chinese Stocks That Could Pop On a Trade Deal So…why are investors so fired up about 5G stocks? And why should you be, too? Let me explain why. 5G: What You Need to KnowI remember very well, back in the early days of the internet, when folks often referred to it as the "information superhighway."So let's picture it that way. You're heading home after a long day of work. Your commute shouldn't take very long, but there is only a one-lane highway, and it's the only way home. The traffic is bumper-to-bumper, and what should be a quick 20-minute drive takes hours instead.Over time, a second lane is built. There's still plenty of traffic, but the congestion is less.Eventually, a third lane is built, and then a fourth. Those of you who commute this way find that your ride home is getting shorter and shorter.Then, one day, 10 more lanes suddenly open up. Not only is that awful congestion gone, but cars are zipping along. Now you're home almost instantly! With the commute done, you've got the rest of the day to yourself.That's the kind of difference we'll see with 5G.5G -- the fifth generation of wireless technology -- will introduce blazing speeds…and be more readily available. I'm expecting a massive upgrade to smartphones and other mobile devices.What's so exciting is that it has low latency: Instead of two minutes or more to load a webpage, like we dealt with in the 1990s, now it'll take you six seconds to download a whole movie with 5G!With so many web services going to the cloud, that's key. You'll now be able to interact with them in real-time. Phones Getting Smarter By the DaySince 5G tends to be associated with the big wireless carriers, like Verizon's "5G Revolution" and AT&T's "5G Evolution," let's start there.1G wireless devices were those big, clunky phones from the 1980s. Since they used analog technology, they only supported voice calls. They also had poor battery life and security and were prone to dropped calls. And most people could barely fit them in their car's glove compartment, let alone their pants pocket.Wireless technology certainly has come a long way since then, as the graphic below illustrates. 2G brought us SMS text messaging. With 3G we had texting and internet access, while 4G tacked on video -- and 5G opens the door to Ultra HD, 3D video and smart home apps. The hardware is also much, much sleeker.The first five phones are in the works, starting with the Samsung Galaxy S10 5G (released Thursday), and with the LG V50 ThinQ, the Huawei Mate X, the Xiaomi Mi Mix3 5G and the ZTE Axon 10Pro soon to come.These will offer buffer-free video, faster downloads, and greater bandwidth to handle more data. So much so that they'll be able to capture an entire 3D space!According to CCS Insight, sales of 5G smartphones should hit 100 million units in 2021. Grab Your Slice of the PieYou can see why Verizon, AT&T, T-Mobile and Sprint are all vying to place first in the race to 5G. In fact, all of them are expected to release some form of 5G this year. Verizon is in the lead: It's already rolled out mobile 5G in Chicago and Minneapolis in April, with 20 other metro areas to come later in 2019.So, you might be expecting me to recommend VZ, or one of its peers, as my 5G play. Not so.5G has many more applications than smartphones -- we'll look at some more tomorrow -- and one of them is "the mother of all technologies," a breakthrough that will change our world…once we've got those "extra lanes" for it to run on.The 5G global infrastructure market is expected to grow from $2.55 billion in 2020 to over $42 billion by 2025. That's a 75% increase -- far larger than many other industries could ever imagine in just five years.The bottom line: 5G is a very, very big deal. Essentially, whoever controls 5G is anticipated to control the internet several years from now. So, the long-term investment potential is huge.However, instead of one company that needs 5G technology, I think more money can be made in the one that's involved in the creation of 5G. That will be the stock that lets us cash in on that whole meteoric rise of the 5G market.In Growth Investor, we own a little-known electronics company -- that is helping some high-profile clients move to 5G. Its customers include the top 25 telecoms…the top 25 tech companies…and 78 of the Fortune 100 companies.Go here to watch my presentation on the huge technological shift going on now. At the end, you'll get the chance to hear my 1 Investment for the Coming 5G Revolution -- for free.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post 5G Stocks: The Big Story Everyone's Missing appeared first on InvestorPlace.
Based on the technical discount in telecommunications behemoth AT&T (NYSE:T), I pounced on the opportunity. In 2018, T stock shed nearly 23% of market value. On the other hand, rival Verizon Communications (NYSE:VZ) gained almost 11%. Just from that comparison, AT&T is the better deal.Source: Shutterstock But some of my InvestorPlace colleagues whom I've followed for years disagreed. Earlier this year, Will Ashworth warned readers not to chase the telecom's high dividends. Admittedly, I did exactly that. Also, Vince Martin conducted a detailed analysis suggesting that the AT&T stock price is worth no more than $30.Did I just miss the memo that everybody else received? I bought T stock for a number of reasons, including its leverage toward the 5G network, its massive resources, and yes, those dividends. At nearly 7%, it rivaled many other high-yielding stocks. The difference, of course, is that AT&T is no fly-by-night operation.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStill, I go back to the same question: am I missing something when analyzing the bear case for the AT&T stock price? When reading Ashworth's, Martin's, or most other critics' work, I come across two overriding themes: sustainability and viability. * 6 Trade War Stocks With a Lot of Risk Ashworth largely focuses on the former. I've read enough of his work to realize that he prefers companies with clean balance sheets. But the debt load for T stock is anything but. Understandably, it worries him. And on a more practical note, huge debt typically impedes dividend payouts.Martin also hates that liability figure. At the same time, he doesn't see much of a growth engine. Therefore, buying AT&T stock seems risky, especially since management has made some costly acquisitions.Nevertheless, T stock deserves another characterization: inevitability. T Stock Is More Than an InvestmentWhether you want to acknowledge it or not, we're in a war. It's unlike a traditional war with bullets and body counts. As a result, most folks don't pay it much attention.Broadly speaking, that's a big mistake, although this miscue underlines my contrarian view on T stock. As we speak, our economic adversaries -- namely China and Russia -- are desperately seeking an edge in next-generation technologies. If we want free commerce to survive, the U.S. must do everything it can to get there first.Worryingly, though, the international community is progressing while the Trump administration invests in yesteryear infrastructures like coal and aircraft carriers. For instance, China has an ambitious goal entitled "Made in China 2025." The world's second-largest economy seeks self-sufficiency in 10 technology sectors.Russian President Vladimir Putin made waves almost two years ago when he stated that dominating artificial intelligence translates to dominating the world. Even our military acknowledges that tomorrow's wars will not be kinetic, but digital.In that context, AT&T stock absolutely cannot fail. As I argued last month, AT&T is a branch of the federal government. I'm not just referring to its gargantuan reach via its telecom networks. Rather, it obviously plays a critical role in the 5G rollout.And 5G is really the backbone of all future technologies. Actualizing deep-learning protocols will require 5G's unprecedented speeds. So too will AI platforms, particularly with automated-transportation networks.Therefore, I respect but disagree with the sustainability or viability criticisms. Inevitably, our adversaries will throw everything they have to dominate tech. T stock cannot fail, which addresses the sustainability concerns. As far as viability, our tech firms are this century's defense stocks.And all our future innovations will eventually flow through and buoy the AT&T stock price. AT&T Stock May Be Permanently RelevantNow I'll concede that my above argument appears melodramatic. However, I think that's because we have a 20th-century mindset that believes warfare necessarily involves bloodshed. But a more devastating war is one that enslaves us economically. * Top 7 Dow Jones Stocks of 2019 -- So Far In this respect, I think it's helpful to consider T stock not as a telecom firm, but as what I said earlier -- a government branch. All this talk about wireless subscribers and media content pales in comparison to AT&T's core purpose: provide the platform for all future technologies at the consumer, commercial and governmental level.Not only that, 5G may represent the ultimate rarity among technological concepts: peak capacity. Experts believe that if the rollout is properly implemented, 6G technology is unnecessary. There's evidence for that bold claim, considering that 5G can serve seven billion people, or roughly 2,000% more than our current population.In other words, AT&T stock may become permanently relevant. Honestly, if that doesn't interest you in the telecom giant, nothing will.As of this writing, Josh Enomoto is long T stock. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Trade War Stocks With a Lot of Risk * 7 Bond ETFs to Buy * 10 Stocks That Could Squeeze Short Sellers, Including CGC Compare Brokers The post AT&T Stock Has Critical Value Beyond the Print appeared first on InvestorPlace.