T-Mobile Has Replaced Verizon Atop the Wireless World. It’s Time to Buy the Stock.

It used to be Verizon Communication ’s world, but wireless now belongs to T-Mobile US —and its stock will continue to benefit. Verizon (ticker: VZ) was the undisputed winner of the 4G era, investing heavily in its network infrastructure and wireless spectrum licenses to build the nation’s best service. Subscriber gains and premium pricing were … Read more

Large Fund Sells AMD Stock. It Bought Intel, AT&T and Starbucks.

Text size Dreamstime One of America’s largest public pensions has made big changes in some of its largest investments. In the second quarter, State Teachers Retirement System of Ohio nearly halved an investment in chip maker Advanced Micro Devices (ticker: AMD), and bought more shares of semiconductor rival Intel ( INTC ), telecom firm AT&T … Read more

5G spectrum auction: Bids come in for record ₹1.45-lakh cr on Day 1

he much-awaited 5G telecom spectrum auctions kicked off on Tuesday and the government got bids totalling around ₹1.45-lakh crore in four rounds of bidding on the first day, breaking the previous record of ₹1.09-lakh crore in the 2015 auction. The government has put a total of 72 GHz (gigahertz) of radiowaves worth at least ₹4.3-lakh … Read more

AT&T, Verizon, and T-Mobile Earnings Are Coming. What to Expect.

AT&T is among the big telecoms reporting earnings this week. Stefani Reynolds / AFP via Getty Images Text size Telecom stocks have been a haven in 2022, with the big U.S. companies leading the market after a challenging 2021 performance. Second-quarter earnings season will be the next test for the group. AT&T (ticker: T) and … Read more

5G spectrum auctions likely to get delayed yet again

Divergent interests of telecom service providers (TSPs) and technology giants seeking private network seem to have delayed the auctioning process of 5G spectrum. Sources said although allocation of spectrum to private network users in the upcoming auction has been ruled out, these players have approached the Government through their representative bodies. Their argument is that … Read more

Berkshire Hathaway May Have Sold Verizon, Bought $10 Billion of Financials

Text size Warren Buffett’s Berkshire Hathaway said it incurred $739 million of realized losses on equity sales in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hathaway ’s record quarterly equity purchases of $51.1 billion in the first quarter, including large buys of Chevron and Occidental Petroleum , probably amounted to the biggest … Read more

Cisco Stock Slumps. It Faces Competition From Arista and Juniper, Analyst Says

Text size Cisco Systems logo Gabriel Bouys/AFP via Getty Images Shares of Cisco Systems were falling Tuesday after the networking hardware and software giant was downgraded to a Sell by Citi. Analyst Jim Suva cut his rating to a Sell from Neutral, saying in a research note that “current supply chain challenges are more of … Read more

What AT&T Is Giving Investors in WarnerMedia Spinoff⁠ and How It Will Work

Text size Justin Sullivan/Getty Images This article originally appeared on MarketWatch. AT&T Inc. detailed its plans for the spinoff of WarnerMedia on Friday, with investors eventually expected to receive a share of the new streaming-media entity for every four AT&T shares they own. AT&T  (ticker: T) is in the process of spinning off its WarnerMedia business in … Read more

Carl Icahn Slashes Stake in Occidental Petroleum

Text size These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from Feb. 24 through March 2, … Read more

Giant Pension Sold Apple, Intel, and Qualcomm Stock. It Bought Nvidia.

One of the world’s largest public pensions by assets made major changes in its investments in large-cap tech stocks as 2021 came to a close. PGGM of Zeist, Netherlands, cut investments in Apple (ticker AAPL), Intel (INTC), and Qualcomm (QCOM) stock in the fourth quarter, and initiated a position in Nvidia (NVDA) stock, according to … Read more