Author: Ambrish Shah

Ambrish Shah has worked at Market Realist since September 2016, and his research focuses on technology, media, and telecom (TMT) sector stocks. He earned his MBA in finance in 2010. Prior to joining Market Realist, Ambrish worked for a leading analytics advisory firm.

After FCC Chairman Ajit Pai recommended the approval of the T-Mobile–Sprint merger, Representative David Cicilline urged the FCC to allow public comment.

NVIDIA (NVDA) stock rose about 7% after hours today, trading at $159.29. The company announced its Q2 of fiscal 2020 earnings after the bell.

T-Mobile (TMUS) and Sprint (S) are looking to initiate settlement discussions with a group of state attorneys general. About 16 states are suing.

Earlier today, the FCC officially recommended the approval of the $26.5 billion proposed merger between T-Mobile (TMUS) and Sprint (S).

Analysts expect NVIDIA to post revenues of $2.55 billion in the second quarter. The company will likely post an adjusted EPS of $1.15.

Comcast (CMCSA) stock is trading at 13.84x its fiscal 2019 estimated EPS of $3.07. It’s also trading at 12.47x its fiscal 2020 estimated EPS of $3.40.

On Monday, Oregon Attorney General Ellen Rosenblum joined the lawsuit opposing the T-Mobile and Sprint merger. On Monday, T-Mobile closed at $76.94.

AT&T (T) stock is trading at 9.69x its fiscal 2019 estimated EPS of $3.56. The stock is also trading at 9.55x its fiscal 2020 estimated EPS of $3.62.

Does T-Mobile stock (TMUS) still have upside potential after gaining more than 21% this year? We think the stock looks expensive right now.

According to Keith Snyder, the T-Mobile and Sprint merger has a 50% chance of going through due to the new hearing date and Texas joining the lawsuit.