In this article, we will be taking a look at the top 5 stock picks of Felix Wai’s Zeno Research. To read our detailed analysis, you can go directly to see Top 10 Stock Picks of Felix Wai’s Zeno Research.
5. TELUS Corporation (NYSE:TU)
Zeno Research’s Stake Value: $7.955 million
Number of Hedge Fund Holders: 15
Among the top 10 stock picks of Felix Wai’s Zeno Research is TELUS Corporation (NYSE:TU), which is a Canadian national telecommunications company, and provides a wide range of services and products in the industry, including voice entertainment, video and IPTV television. TELUS Corporation (NYSE:TU) was recently recognized as the fastest internet provider across all companies in Canada.
Despite the destruction of the stock market in 2022, TELUS Corporation (NYSE:TU) has only lost 5% of its value in the preceding 6 months, which is a major achievement, and even now, among the analysts, the consensus is a “Hold” rating from the 12 firms currently covering it.
4. T-Mobile US, Inc. (NASDAQ:TMUS)
Zeno Research’s Stake Value: $9.387 million
Number of Hedge Fund Holders: 91
The second largest wireless carrier in the United States, T-Mobile US, Inc. (NASDAQ:TMUS) has more than 108 million subscribers, and reported revenues of more than $80 million in 2021. Recently, T-Mobile US, Inc. (NASDAQ:TMUS) issued a press release where it stated that it brought 5-G internet to around 5 million homes in five states.
T-Mobile US, Inc. (NASDAQ:TMUS) is one of the very few stocks out there which did not see its share price decline in 2022, registering an increase of 18.67%.
ClearBridge Investments mentioned T-Mobile US, Inc. (NASDAQ:TMUS) in its Q4 2021 investor letter. Here is what it said:
“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.”