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AT&T, Verizon, T-Mobile Users Report Cellular Outages Nationwide
Screens provide information about the Communication Companies Verizon and T-Mobile on the 42nd Street (Kena Betancur/VIEWpress)
idyllic intradays

T-Mobile is on a trading run that America’s most storied companies have never matched

The telecom’s stock seemingly only ever goes up during the trading day lately.

Luke Kawa

Death, taxes, and T-Mobile going up from the market open to the close. It’s becoming that much of a constant.

The telecom firm is up big on Thursday to a fresh record after posting better-than-expected profits and boosting its full-year subscriber guidance. It’s an excuse for traders to continue their favorite trend: bidding up the stock during the trading day.

Analysts at Bespoke Investment Group flagged that shares of T-Mobile have ended the day higher than where they started on 24 of the last 25 trading days.

“If you’re looking for an extreme example of stocks consistently rallying from the open to close, we can’t think of a better one,” they wrote. “Talk about a stock that investors can’t get enough of!”

Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta, Tesla, JPMorgan, Berkshire Hathaway, and Exxon Mobil have never pulled off this feat in their history, based on data going back to 1985.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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