BlueDrive Global Investors’ Latest Portfolio: Top 3 Stock Picks

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

BlueDrive Global Investors’ Stake Value: $38,586,000

Percentage of BlueDrive Global Investors’ 13F Portfolio: 27.29%

Number of Hedge Fund Holders: 96

BlueDrive Global Investors cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 32% to 286,800 shares during the second quarter, but the telecom giant continued to remain the fund’s top stock pick at the end of that period. Beating almost all of its peers in the telecommunications industry in the US, T-Mobile US, Inc.’s (NASDAQ:TMUS) stock has appreciated the most in the last 10 years, rising over 700% during that time.

On August 26, T-Mobile US, Inc.’s (NASDAQ:TMUS) announced a new partnership with Elon Musk’s Starlink, whereby the former will use large antennas on the latter’s second-generation satellites to transmit signals directly to consumers’ cellphones in an effort to eliminate “dead zones.” Although the signals transmitted won’t have the bandwidth a Starlink terminal provides, it will be enough to send texts and even images. 11 of the 16 analysts who cover T-Mobile US, Inc.’s (NASDAQ:TMUS) stock on Wall Street currently have a ‘Buy’ rating on it with a consensus price target of $169.09, representing a potential upside of 17.5% from the stock’s last closing price.

You can also look at  Billionaire Carl Icahn’s Latest Portfolio: Top 10 Stock Picks and 10 Best Stocks to Buy According to Billionaire Mario Gabelli

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