5 Best Bear Market Stocks to Buy Now

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

Number of Hedge Fund Holders: 98    

T-Mobile US, Inc. (NASDAQ: TMUS) is a Washington-based mobile telecommunications firm. It is ranked third on our list of 12 best bear market stocks to buy now. The company’s shares have returned 38% to investors over the past year. In earnings results for the first quarter, posted on May 4, the firm reported earnings per share of $0.74, beating market predictions by $0.18. The revenue over the period was close to $20 billion, up 78% compared to the revenue over the same period last year and beating estimates by $880 million. 

On July 19, investment advisory KeyBanc reiterated an Overweight rating on T-Mobile US, Inc. (NASDAQ: TMUS) stock and raised the price target to $160 from $155, highlighting that the firm was positioned to grow and take share in the wireless market. 

Out of the hedge funds being tracked by Insider Monkey, Greenwich-based investment firm Viking Global is a leading shareholder in T-Mobile US, Inc. (NASDAQ: TMUS) with 10.2 million shares worth more than $1.2 billion.