Starter Stock Portfolio: 5 Large-Cap Stocks To Buy

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

Number of Hedge Fund Holders: 96

T-Mobile US, Inc. (NASDAQ:TMUS) provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. On September 26,  Assurant, Inc. (NYSE:AIZ) announced a multi-year extension of its long-term partnership with T-Mobile US, Inc. (NASDAQ:TMUS) to continue offering comprehensive mobile device protection solutions. It is one of the best large-cap plays for a starter stock portfolio. 

On October 17, Credit Suisse analyst Douglas Mitchelson reiterated an Outperform rating on T-Mobile US, Inc. (NASDAQ:TMUS) but lowered the price target on the shares to $175 from $188 ahead of Q3 results as high interest rates drive a greater cost of capital. The analyst continues to be confident in the second half of 2022, and trends still demonstrate conservatism for management’s forward year guides.

Among the hedge funds tracked by Insider Monkey, 96 hedge funds were long T-Mobile US, Inc. (NASDAQ:TMUS) at the end of June 2022, up from 91 funds in the preceding quarter. Andreas Halvorsen’s Viking Global is the largest stakeholder of the company, with 9.17 million shares worth $1.2 billion. 

In its Q4 2021 investor letter, ClearBridge Investments shared its stance on T-Mobile US, Inc. (NASDAQ:TMUS):

“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.”

You can also take a look at 12 Best Undervalued Stocks To Invest In and 11 Best Dividend Aristocrats With High Yields. 

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