20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
The continued deployment of low-band spectrum combined with the continuing expansion of retail stores will increase T-Mobile US Inc. (NASDAQ:TMUS)’s market presence and pave the way for strong revenue generation, according to Raymond James.
The Analyst
Ric Prentiss of Raymond James upgraded T-Mobile from Market Outperform to Strong Buy and reiterated a $76 price target.
The Thesis
T-Mobile undertook heavy expansion efforts in 2017, opening 1,500 T-Mobile-branded stores and 1,300 MetroPCS-branded stores, Prentiss said in a Friday note. (See the analyst’s track record here.)
Many of the stores were in legacy markets, and the company is now continuing expansion efforts into "greenfield" markets, indicating a growing retail presence, Prentiss said. This expansion into new markets is likely to result in significant cash flow generation, he said.
Price Action
T-Mobile shares closed Friday up 0.54 percent at $59.20.
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Photo by Mtaylor848/Wikimedia.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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