T-Mobile Sprint Deal
The end of the month, the beginning of a very busy week. Earnings on tap this week from Apple and Tesla. We also have the Fed and a jobs report on Friday. Today we are just stuck in first gear. The deal news that T-Mobile is buying Sprint for $26 billion doesn't seem to be helping. In fact, both stocks are lower. The Trump administration has been unpredictable to say the least when it comes to deals. This could be huge for Sprint. It's brand name doesn't carry the best reputation. These two needs something to compete with AT&T and Time-Warner. If the regulatory issues were off the table, do these two stocks go up? Just Sprint? Is uncertainty really the worst - both T and TWX are down over the last year.
