June 20, 2019

T-Mobile and Sprint Boom?

I am sure you have heard about the merger by now. T-Mobile (Ticker: TMUS) and Sprint (Ticker: S) are going to merge to become one. However, there has been opposition from day one. From the DoJ and Attorneys General. Even with all of the recent news and class action lawsuits, it looks like the DoJ is willing to approve the merger. Now there are a few things at hand. Most notably selling off certain assets. Boost Mobile is the biggest asset to sell. Now, normally that could be a major hurdle trying to sell a telecom company, but no problems with this. There is a lot of demand for Boost. Amazon, Dish Network and potential Comcast/Charter. Once the assets are sold, we should see the DoJ move quickly to approve this merger and we should see both stocks lift on the news. Scott Bauer and I spoke about a TMUS entry in our webinar. Right now, we are both looking pretty smart.

Follow me on Twitter: @DiscipleOfTrend

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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