T-Mobile Hits Strong Customer Numbers Q4 and Nikola Makes Manufacturing Progress
T-Mobile
T-Mobile has seen green since it merged with Sprint back in April of 2020, since then the news has continued to stay in the green.
The addition of the Sprint customer base as well as the second-half postpaid phone net have been positive boosts for the near year. Currently T-Mobile has a $143 price target, implying 7% upside.
T-Mobile has also performed well under pressure with other big competitors like AT&T, in fact, T-Mobile’s Q4 results showed +1.7M net subscribers. With 5G starting to roll out but not widely adopted in the states, there may be much more upside with T-Mobile.
Nikola
Nikola designs and manufactures zero-emission battery-electric and hydrogen-electric vehicles. Their interest in hydrogen power is what separates them from the pack. Many view hydrogen as better than electric because Hydrogen has the same benefits of electric vehicles as they use the same electric motors while eliminating many issues derived from battery electric vehicles (long recharge times, limited range, cold start, added weight, etc.).
On the other hand, others say it takes much too long to generate hydrogen fuel. Elon Musk even chimed in on the new power source explaining on twitter: “Fuel cells=fool sells,” and It’s “staggeringly dumb.”
Most recently, Nikola’s stock has made a small comeback from a massive downfall that started in November. This is because three “Nikola Tre” trucks are likely now in Arizona and are at various stages of commissioning. Moreover, Nikola seems satisfied with the performance of the trucks and aims to deliver the next batch of 9 trucks by early February. Analysts have taken notice as JPMorgan has an Overweight rating on Nikola and price target of $35.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.
