5 Best Stocks To Buy For Flat Markets According To Druckenmiller

In this article, we discuss the 5 best stocks to buy for flat markets according to Stanley Druckenmiller. If you want to see more stocks in this selection, click 12 Best Stocks To Buy For Flat Markets According To Druckenmiller. 

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

Duquesne Capital’s Stake Value: $96,471,000

Number of Hedge Fund Holders: 100

T-Mobile US, Inc. (NASDAQ:TMUS) was founded in 1994 and is headquartered in Bellevue, Washington. The company provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. Stanley Druckenmiller raised his position in T-Mobile US, Inc. (NASDAQ:TMUS) by 7% in Q3 2022, holding 719,017 shares worth $96.5 million. On December 12, T-Mobile US, Inc. (NASDAQ:TMUS) enhanced its network coverage and capacity alongside the deployment of a new layer of 5G spectrum nationwide. 

On November 15, Tigress Financial analyst Ivan Feinseth raised the price target on T-Mobile US, Inc. (NASDAQ:TMUS) to $202 from $195 and reiterated a Buy rating on the shares. The company’s accelerating ability to leverage its “massive 5G high-speed network will continue to drive increasing customer gains and revenue growth”, the analyst told investors. The analyst noted that T-Mobile US, Inc. (NASDAQ:TMUS)’s ongoing leadership position in 5G continues to support “industry-leading postpaid service revenue and cash flow growth.”

According to Insider Monkey’s Q3 data, T-Mobile US, Inc. (NASDAQ:TMUS) was part of 100 hedge fund portfolios, compared to 96 in the prior quarter. Warren Buffett’s Berkshire Hathaway is the largest stakeholder of the company, with 5.2 million shares worth $703.3 million. 

In its Q4 2021 investor letter, ClearBridge Investments shared its stance on T-Mobile US, Inc. (NASDAQ:TMUS):

“As mentioned, the communication services sector has come under some pressure, and irrational pricing competition has negatively impacted wireless industry growth and profitability of late, weighing on T-Mobile. Faced with these headwinds, and with pressure from other wireless carriers and cable companies that could cause the company to cede share in subscriber growth in 2022, we exited our position in the fourth quarter.”