A Game Changer: Jim Cramer’s Latest Top 10 Stock Picks

6. T-Mobile US Inc. (NASDAQ:TMUS)

Number of Hedge Fund Investors: 64

Jim Cramer reports that T-Mobile US Inc. (NASDAQ:TMUS) CEO Mike Sievert mentioned that preorders for the iPhone 16 are surpassing last year’s figures. During an appearance on Mad Money, Sievert noted that early surveys suggesting lower demand for the new models were inaccurate.

“T-Mobile CEO Mike Sievert told me that preorder sales of the iPhone 16 are pacing ahead of last year’s model. On “Mad Money” Wednesday, Sievert said that early surveys that there is less demand than expected for the new models were way out of whack with that he is seeing. The AI-ready iPhone 16 from Club name Apple will be in stores Friday

JPMorgan raised its T-Mobile price target to $230 per share from $220 and kept its overweight buy rating. The analysts cited accelerating sales. Oppenheimer bumped up its PT to $215 and kept its buy. The analysts who attended T-Mobile’s investor day became more positive on the stock.”

T-Mobile US, Inc. (NASDAQ:TMUS) has a strong outlook, driven by impressive Q2 2024 earnings that exceeded analyst expectations, showcasing substantial revenue growth and notable net customer additions, especially in the postpaid segment. As a key player in the 5G market, T-Mobile US, Inc. (NASDAQ:TMUS)’s wide coverage and continuous network improvements are expected to further boost customer growth and enhance its service offerings, providing a competitive advantage.

The consistent increase in postpaid customers indicates successful marketing strategies and high customer satisfaction, which support stable revenue and a solid subscriber base. Additionally, T-Mobile US, Inc. (NASDAQ: TMUS) is launching new service plans, including bundled home internet options, to attract new customers and strengthen loyalty among existing ones.

Strategic partnerships with technology firms aimed at enhancing digital services also strengthen T-Mobile US, Inc. (NASDAQ:TMUS)’s competitive position, particularly in integrating mobile and home broadband solutions. Recent announcements about 5G expansions and collaborations to improve digital offerings have fostered positive sentiment regarding T-Mobile US, Inc. (NASDAQ:TMUS)’s growth prospects.