We recently compiled a list of the Jim Cramer Says These 10 Stocks Can Do Well Regardless of Who Wins. In this article, we are going to take a look at where T-Mobile US, Inc. (NASDAQ:TMUS) stands against the other stocks in Jim Cramer’s current watchlist.
Jim Cramer, the host of Mad Money, recently shared his thoughts on stocks that could perform well regardless of who ends up running the White House. On Tuesday, Cramer observed that the day’s market performance gave the impression that every stock could go higher no matter who secures the presidency.
He pointed to significant gains across various sectors, including aerospace, housing, retail, and healthcare. Cramer noted that this broad-based rally resulted in strong performances on Tuesday, with the Dow climbing 427 points, the S&P rising by 1.23%, and the NASDAQ soaring by 1.43%. However, he tempered his optimism by adding that days like Tuesday might prove to be outliers in the coming weeks.
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Cramer took the opportunity to highlight ten stocks he believes will thrive and said:
“I want to highlight ten stocks that I believe will do well under either candidate, a who’s who of acclamation, companies that almost have to do well because of seismic trends and savvy managements. Companies that no White House would get hung up on, either because they’re beneath notice or they’re perceived as good corporate citizens by both sides. Stocks in industries that neither Trump nor Harris have ever targeted in the past.”
He also raised an important question for the viewers: “If you had the results of the election in hand, would you really know what to buy or sell?” According to Cramer, answering that question is far more complicated than it seems. He emphasized his list of stocks that can thrive regardless of the election outcome. These are companies that have no clear political adversaries in Washington, making them relatively safe bets. Cramer acknowledged, however, that many stocks that seem like obvious picks for one candidate or another often have hidden dynamics that don’t get enough attention.
“In the end, this presidential prognostication game is meaningless until we start hearing about cabinet appointments, those will tell us a lot. Then, we can figure out really who the winners and losers are. Right now, though, there are just too many political angles to every single stock story.”
Our Methodology
For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the episode of Mad Money on November 5. We listed the stocks in ascending order of their hedge fund sentiment as of the second quarter, which was taken from Insider Monkey’s database of more than 900 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A customer checking out their new device at a T-Mobile store, illustrating the convenience and accessibility of retail stores.
T-Mobile US, Inc. (NASDAQ:TMUS)
Number of Hedge Fund Holders: 64
Cramer commented that T-Mobile US, Inc. (NASDAQ:TMUS) is the best value wireless carrier, pointing out the company’s strengths and praising its CEO.
“If you want a wireless carrier, the outfit that’s taken the market by storm, the best value is T-Mobile, which is why they seem to report great numbers every quarter. T-Mobile has the best retention, the lowest churn… They were the ones that said Apple sales are good, plus CEO, Mike Sievert hates to lose. That is a great quality in a chief executive officer.”
T-Mobile (NASDAQ:TMUS) is a prominent telecommunications company offering a range of services, including voice, messaging, and data plans to millions of customers. In the third quarter, CEO Mike Sievert highlighted that the company achieved significant growth, adding 1.6 million postpaid customers, which was the highest increase in the sector. This strong performance was accompanied by record-low churn rates, a key indicator of customer retention, which contributed to its outsized financial results.
During the earnings call, Sievert highlighted that the company is now halfway toward its long-term goal of adding 12 million customers by 2028, a target that demonstrates the company’s ambitious growth plans. Sievert emphasized the 5G network as a major factor behind T-Mobile’s (NASDAQ:TMUS) impressive performance. During the quarter, its 5G network was recently recognized by Opensignal as having the best 5G availability in the world.
Overall TMUS ranks 7th on Jim Cramer’s list of stocks that can do well regardless of who wins. While we acknowledge the potential of TMUS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than TMUS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.