5 Best Bear Market Stocks To Buy Now

4. T-Mobile US, Inc. (NASDAQ:TMUS)

Number of Hedge Fund Holders: 100

T-Mobile US, Inc. (NASDAQ:TMUS) is a wireless network operator. The company is on the fourth position on our list of the 13 best bear market stocks to buy now.

T-Mobile US, Inc. (NASDAQ:TMUS) is expected to face tailwinds of 5G adoption in the US in terms of customer gains and top-line growth. Based on these factors, Ivan Feinseth at Tigress Financial increased the price target on T-Mobile US, Inc. (NASDAQ:TMUS) from $195 to $202 and maintained a Buy rating on the stock on November 15. The analyst noted that the company is in a leadership position in the field of 5G technology following the completion of its merger with Sprint in 2020. Furthermore, this will drive cash flow growth for T-Mobile US, Inc. (NASDAQ:TMUS) as it intends to buy back as much as $14 billion worth of stock by September 2023.

Of the 920 hedge funds in Insider Monkey’s database, T-Mobile US, Inc. (NASDAQ:TMUS) was held by 100 hedge funds as of Q3 2022.

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