Jim Cramer’s Game Plan: 23 Stocks to Watch

Page 15 of 22

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

Number of Hedge Fund Holders: 64

Cramer mentioned T-Mobile US, Inc.’s (NASDAQ:TMUS) strong run and recommended buying half the position before the quarterly report and the other half afterward.

“One serial beat and raiser is T-Mobile, and they report after the close. Can they keep up the winning streak? T Mobile’s had such an amazing run… Maybe buy half before the quarter reports and then half after.”

T-Mobile US (NASDAQ:TMUS) is a significant player in the mobile communications sector as it provides a range of services that includes voice, messaging, and data offerings. In addition to its communication services, the company offers an extensive range of wireless devices and accessories, and financing options through equipment installment plans further complement its offerings.

Recently, the company announced a significant increase in its dividend, which will now stand at $0.88 per share each quarter, marking a substantial 35% rise. Additionally, management has indicated expectations of consistent double-digit growth in dividends over the coming years.

On October 21, Citi analyst Michael Rollins raised the price target on T-Mobile US (NASDAQ:TMUS) to $254 from $210 and kept a Buy rating as the firm prepares for the third-quarter earnings report. The revision suggests a strong confidence in the company’s ability to capture market share in areas with lower penetration. The analyst emphasized that the company’s focus will likely be on balancing volume and average revenue per user (ARPU) to sustain growth in service revenue.

Furthermore, its venture into the Fiber business is viewed as a promising avenue for improving long-term financial performance, contributing to a steady revenue trajectory and improved annual EBITDA growth.

Page 15 of 22