T-Mobile, Macy's, JPMorgan Chase, Delta Air Lines and MCHI highlighted as Zacks Bull and Bear of the Day
Analysts continue to raise their EPS guidance for TMUS over the next few years along with their price targets, pushing this stock into a Zacks Rank #1 (Strong Buy). According to a T-Mobile press release regarding the merge, "the enhanced scale and financial strength of the combined company will drive a planned investment of $40 billion into its network, business and more over the next three years. Synergies achieved from the integration have the potential to unlock massive scale and unleash at least $43 billion in value for shareholders." I expect these shares to experience volatility in the short-term, but if it can deliver on its $43+ billion in synergy proposition, I think TMUS has an enormous amount of growth ahead. Macy's, a company that survived through two World Wars, the Great Depression, and even the Civil War, is now on the brink of insolvency.