T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services. In addition, the company offers services, devices, and accessories under the T-Mobile and Metro by T-Mobile brands through its owned and operated retail stores, T-Mobile app and customer care channels, and its websites. It also sells its devices to dealers and other third-party distributors for resale through independent third-party retail outlets and various third-party websites. The company was founded in 1994 and is headquartered in Bellevue, Washington.

T-Mobile US, Inc.

The S&P 500 Index ($SPX) (SPY) on Monday closed up +0.21%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.46%. September E-mini S&P futures (ESU25) rose +0.25%, and September E-mini Nasdaq futures (NQU25) rose up +0.49%.
Stocks settled higher on Monday on the prospect of a more accommodative Federal Reserve. The 10-year T-note yield fell to a 5-month low on Monday of 4.04%. The markets have fully priced in a 25 bp rate cut by the Fed at next week's FOMC meeting and priced in a 10% chance for a 50 bp rate cut. Strength in semiconductor makers led technology stocks and the overall market higher. However, this week's US Aug CPI and PPI reports will show how much room the Fed has to cut interest rates and support the job market.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Weaker-than-expected trade news from China is negative for global growth prospects after China's Aug exports rose +4.4% y/y, weaker than expectations of +5.5% y/y. Also, Aug imports rose +1.3% y/y, weaker than expectations of +3.4% y/y.
Market focus this week will be on any trade or tariff news. On Tuesday, the BLS will release annual benchmark revisions to US payrolls in the year through March. On Wednesday, Aug PPI final demand is expected to climb +3.3% y/y, unchanged from July, and Aug PPI ex-food and energy is expected to ease to +3.5% y/y from +3.7% y/y in July. On Thursday, Aug CPI is expected to climb to +2.9% y/y from +2.7% y/y in July, and Aug CPI ex-food and energy is expected to increase +3.1% y/y, unchanged from July. Also, weekly initial unemployment claims are expected to fall by -3,000 to 234,000. On Friday, the University of Michigan Sep consumer sentiment index is expected to slip -0.2 to 58.0.
The markets are now pricing in a 15% chance of a 50 bp rate cut at the upcoming FOMC meeting on Sep 16-17, versus the previous expectations of a zero chance of that 50 bp rate cut. After the fully expected -25 bp rate cut at the Sep 16-17 meeting, the markets are now discounting an 81% chance of a second -25 bp rate cut at the Oct 28-29 meeting, up from a 54% chance as of late Thursday. The markets are now pricing in an overall -76 bp rate cut in the federal funds rate by year-end to 3.62% from the current 4.38% rate.
Regarding tariffs, a federal appeals court ruled late last month that President Trump exceeded his authority by imposing global tariffs without Congressional approval, but the court let the tariffs remain in place while appeals continue. The US Court of Appeals for the Federal Circuit Court said, "The statute bestows significant authority on the President to undertake a number of actions in response to a declared national emergency, but none of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax." The case now appears to be headed to the Supreme Court for a final decision. According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
Overseas stock markets on Monday settled higher. The Euro Stoxx 50 closed up +0.84%. China's Shanghai Composite closed up +0.38%. Japan's Nikkei Stock 225 rose to a 2.5-week high and closed up +1.45%.
Interest Rates
December 10-year T-notes (ZNZ5) closed up by +5 ticks. The 10-year T-note yield fell by -2.8 bp to 4.046%. The 10-year T-note yield dropped to a 5-month low Monday at 4.040% on carryover support from last Friday's weak US unemployment report that bolstered the outlook for Fed easing. Supply pressures are limiting gains in T-note prices as the Treasury will auction $119 billion of T-notes and T-bonds this week, beginning with Tuesday's $58 billion auction of 3-year T-notes.
Concerns about Fed independence are negatively impacting T-note prices due to President Trump's attempt to fire Fed Governor Cook and Stephen Miran's intention to hold a Fed Governor position while remaining technically in his White House role on the Council of Economic Advisors.
European government bond yields on Monday moved lower. The 10-year German bund yield fell to a 1-month low of 2.638% and finished down -2.0 bp to 2.642%. The 10-year UK gilt yield dropped to a 3-week low of 4.604% and finished down -4.0 bp to 4.605%.
Swaps are discounting the chances at 1% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Chip stocks rallied on Monday to provide support to the overall market. Marvell Technology (MRVL) closed up more than +3%, and Broadcom (AVGO) closed up more than +3% and added to last Friday's +9% surge to lead chip stocks higher on news that the company is teaming up with OpenAI to make artificial intelligence accelerators. Also, Lam Research (LRCX) closed up more than +2%, and ASML Holding NV (ASML) closed up more than +1%. In addition, Nvidia (NVDA) and Analog Devices (ADI) closed up +0.77%.
AppLovin (APP) closed up more than +11% to lead gainers in the Nasdaq 100 after S&P Dow Jones Indices announced the stock will replace Caesars Entertainment in the S&P 500 before the start of trading on September 22.
Rapport Therapeutics (RAPP) closed up more than +122% after reporting positive topline results from its RAP-219 treatment for focal onset seizures.
Forward Industries (FORD) closed up more than 54% after receiving $1.65 billion in cash and stablecoin commitments for a private investment in public equity offering to fund a Solana-focused digital asset treasury strategy.
EchoStar (SATS) closed up more than +18% after SpaceX's Starlink agreed to buy wireless spectrum from the company for about $17 billion.
Robinhood Markets (HOOD) closed up more than +15% after S&P Dow Jones Indices announced the stock would replace MarketAxess Holdings in the S&P 500 before the start of trading on September 22.
Premier Inc. (PINC) closed up more than +4% after Patient Square Capital was said to be exploring an acquisition of the company.
Uber Technologies (UBER) closed up more than +3% to lead gainers in the S&P 500 after it partnered with Chinese autonomous vehicle maker Momenta to test robotaxis in Munich next year.
Oracle (ORCL) closed up more than +2% after Morgan Stanley raised its price target on the stock to $246 from $175.
CVS Health Corp (CVS) closed down more than -3% to lead losers in the S&P 500 after the company CEO and CFO, during a private investor meeting, provided no details about its upcoming quality ratings from the US government and offered no financial guidance.
Telecommunication stocks are falling today after SpaceX agreed to buy wireless spectrum from EchoStar for $17 billion. T-Mobile US (TMUS) closed down more than -3% to lead losers in the Nasdaq 100, and Verizon Communications (VZ) closed down more than -2% to lead losers in the Dow Jones Industrials. Also, SBA Communications (SBAC) closed down more than -3% and AT&T (T) closed down more than -2%.
Summit Therapeutics (SMMT) closed down more than -25% unveiling new data that cast doubt on the future of its ivonescimab drug to treat lung cancer.
Norwegian Cruise Line Holding (NCLH) closed down more than -4% after announcing it will sell $1.025 billion of senior notes due 2031 and $1.025 billion of senior notes due 2033 in a private offering.
Dexcom (DXCM) closed down more than -3% after Oppenheimer & Co. downgraded the stock to perform from outperform.
BXP Inc (BXP) closed down more than -1% after cutting its quarterly cash dividend to 70 cents a share from 98 cents.
Earnings Reports(9/9/2025)
Core & Main Inc (CNM), GameStop Corp (GME), Oracle Corp (ORCL), Rubrik Inc (RBRK), SailPoint Inc (SAIL), Synopsys Inc (SNPS).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Settle Higher as Bond Yields Fall and Chip Makers Climb

Monday, September 8, 2025
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Broadcom Inc. (AVGO), T-Mobile US, Inc. (TMUS) and Abbott Laboratories (ABT), as well as two micro-cap stocks CBL & Associates Properties, Inc. (CBL) and Crown Crafts, Inc. (CRWS). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Ahead of Wall Street
The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> CPI, PPI This Week - Also ORCL, ADBE Earnings
Today's Featured Research Reports
Broadcom’s shares have outperformed the Zacks Electronics - Semiconductors industry over the year-to-date period (+51.5% vs. +27.8%). The company is experiencing strong momentum fueled by growth in AI semiconductors and continued success with its VMware integration. Strong demand for its networking products and custom AI accelerators (XPUs) has been noteworthy.
Broadcom’s AI segment benefits from custom accelerators and advanced networking technology that supports large-scale AI deployments with improved performance and efficiency. Broadcom expects fourth-quarter fiscal 2025 AI revenues to jump 66% year over year to $6.2 billion. The acquisition of VMware has benefited Infrastructure software solutions.
As of the fiscal third quarter, roughly more than 90% of Broadcom’s largest 10,000 customers have adopted VCF. However, gross margin in the fiscal fourth quarter is expected to contract sequentially. High debt level is a headwind.
(You can read the full research report on Broadcom here >>>)
Shares of T-Mobile have gained +10.8% over the year-to-date period against the Zacks Wireless National industry’s gain of +20.1%. The company continues to boast a leadership position in the 5G market. T-Mobile’s 5G network covers 98% of Americans, or 330 million people in the country. Its acquisition strategy has significantly strengthened its position in the wireless industry over the past few years.
TMUS’ 2.5 GHz 5G spectrum delivers superfast speeds and extensive coverage with signals that go through walls and trees. This boosts its competitive edge against companies that provide 5G networks controlled by the mmWave spectrum.
However, owing to the stock’s premium valuation, we believe investors should remain cautious as macroeconomic factors, market saturation, or economic downturns can significantly impact overvalued stocks like TMUS. Fierce competition is straining profitability. The high debt burden remains a major concern.
(You can read the full research report on T-Mobile here >>>)
Abbott’s shares have outperformed the Zacks Medical - Products industry over the year-to-date period (+19.2% vs. +8.9%). The company’s strong pipeline is opening up new growth opportunities, supporting the company’s positive momentum and strong growth outlook for 2025. Freestyle Libre, Lingo and Libre Rio CGM devices are on a great trajectory.
Alinity, the company’s next-generation suite of systems, is a key driver in the core lab diagnostics business. The company is optimistic about its latest progress with biosimilars and expects this to significantly boost EPD sales through 2025. Within Nutrition, despite softness in its international pediatric arm, Abbott is regaining market share banking on strong Adult Nutrition business.
Yet, the significant runoff of COVID-19 testing-related sales is hurting Abbott’s Diagnostics growth. Headwinds such as tough macro conditions, tariffs and foreign exchange also add to the worry.
(You can read the full research report on Abbott here >>>)
Shares of CBL & Associates Properties’ have outperformed the Zacks REIT and Equity Trust - Retail industry over the past year (+37.8% vs. -0.2%). This microcap company with a market capitalization of $989.86 million is executing a capital recycling strategy that enhances portfolio quality and cash flows, highlighted by $162.7 million of asset sales and $178.9 million in mall acquisitions that are immediately accretive to adjusted FFO and free cash flow per share.
A fully non-recourse, long-dated debt profile strengthens liquidity and reduces refinancing risk, while $90 million–$100 million of amortization in 2025 supports deleveraging. A 5.1% dividend yield, backed by $288 million liquidity and balance sheet flexibility, appeals to income investors.
Leasing momentum and positive spreads on new tenants underpin NOI durability, though renewal rent declines, tenant bankruptcies and ongoing same-center NOI contraction remain headwinds. High payout ratios and $2.15 billion leverage heighten refinancing dependence. The valuation offers value with execution risks.
(You can read the full research report on CBL & Associates Properties here >>>)
Crown Crafts’ shares have underperformed the Zacks Textile - Home Furnishing industry over the past year (-27.2% vs. -1.2%). This microcap company with a market capitalization of $32.17 million sees its margin pressure persisting due to tariffs and elevated costs, although pricing actions, inventory discipline, and warehouse consolidation aim to stabilize profitability. Initiatives in licensed diaper bags, Stella dolls and international expansion provide growth levers.
Risks include tariff sensitivity, retailer concentration, inventory misalignment, license expirations and dividend sustainability amid margin compression and leverage constraints. The valuation suggests investors are pricing in prolonged margin pressure, while overlooking potential upside from diversification.
Nevertheless, Crown Crafts is leveraging its Baby Boom acquisition to diversify beyond core softness, adding $2.1 million in first-quarter fiscal 2026 sales, with access to premium licenses and broader retail distribution. Cash flow remains resilient, supporting self-funded growth and dividends.
(You can read the full research report on Crown Crafts here >>>)
Other noteworthy reports we are featuring today include Interactive Brokers Group, Inc. (IBKR), Cintas Corp. (CTAS) and Guidewire Software, Inc. (GWRE).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Featured Reports
Uniform Rental Unit to Aid Cintas (CTAS) amid Rising Costs
Per the Zacks analyst, Cintas' Uniform Rental and Facility Services unit is driven by the penetration of additional products and services into existing customers. High costs remain a concern.
Guidewire (GWRE) Gains from Continued Momentum in Cloud Platform
Per the Zacks analyst, momentum in Guidewire Cloud platform is driving the topline expansion. However, rising costs, forex volatility amid broader market challenges are concerns.
Solid Demand Aids Invitation Homes (INVH), High Supply Ails
Per the Zacks Analyst, INVH is set to benefit from solid demand for a high-quality portfolio of single-family rental units in high-growth markets. Yet an elevated supply in some of its markets ail.
Clean Energy Focus, Strategic Acquisitions Aid Evergy (EVRG)
Per the Zacks analyst, Evergy gains from its expansion of operations in the transmission market through strategic acquisitions. It aims to add more renewable assets, which should boost performance.
A Solid Product Suite Aids Merit Medical (MMSI) Amid Stiff Competition
The Zacks analyst is upbeat about Merit Medical's strong product portfolio despite its operation in a highly competitive market.
Archrock (AROC) to Gain From Rising Clean Energy Demand
The Zacks analyst likes Archrock, as its compression services have become critical following the rise in clean energy demand. However, significant reliance on the Permian is concerning.
Intellia (NTLA) Banks on Genome Editing Pipeline Amid Rivalry
Per the Zacks analyst, Intellia's lead genome-editing candidate, NTLA-2001 being developed to treat transthyretin (ATTR) amyloidosis, holds promise. Stiff competition in the target market is a concern
New Upgrades
Product Suite, Technology to Aid Interactive Brokers (IBKR)
er the Zacks analyst, diverse offerings, global presence, lower compensation relative to revenues, and efforts to develop proprietary software will likely aid Interactive Brokers' financials.
Post Holdings (POST) to Benefit From Solid Foodservice Unit
Per the Zacks analyst, Post Holdings is likely to keep gaining from its Foodservice segment strength, with Q3 sales up 18.6%, fueled by egg and potato demand plus protein shake growth.
Sally Beauty's Strategies & Happy Beauty Concept Aid Growth
Per Zacks analyst, Sally Beauty is focused on strategic priorities like customer engagement, high-margin owned brands and innovation. The company is refreshing its brand and modernizing its identity.
New Downgrades
Rising Tech Investment & Competition Hurt Insperity (NSP)
Per the Zacks analyst, Insperity's operating income is affected due to increasing investment in technology. Rising competition in PEO industry is concerning.
Margin Pressures Across Units Weigh on FEMSA's (FMX) Performance
Per the Zacks analyst, FEMSA faced margin pressures in second-quarter 2025 as declines in Proximity Europe, Health, and Coca-Cola FEMSA offset gains in OXXO Mexico and Fuel, limiting profit growth.
Rising Expenses Squeeze Molina Healthcare's (MOH) Margins
Per the Zacks analyst, increasing medical care costs and operating expenses are likely to keep pressuring Molina Healthcare's margins.
Zacks Names #1 Semiconductor Stock
This under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Research Reports for Broadcom, T-Mobile & Abbott

The S&P 500 Index ($SPX) (SPY) today is up +0.35%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.08%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.79%. September E-mini S&P futures (ESU25) are up +0.35%, and September E-mini Nasdaq futures (NQU25) are up +0.76%.
Stocks are climbing today on the prospect of a more accommodative Federal Reserve. The 10-year T-note yield fell to a 5-month low today of 4.04%. The markets have fully priced in a 25 bp rate cut by the Fed at next week's FOMC meeting and priced in a 10% chance for a 50 bp rate cut. However, this week's US Aug CPI and PPI reports will show how much room the Fed has to cut interest rates and support the job market. Stocks fell last Friday after the weaker-than-expected US Aug payroll report sparked concerns that the Fed was falling behind in supporting a rapidly cooling US labor market.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Weaker-than-expected trade news from China is negative for global growth prospects after China's Aug exports rose +4.4% y/y, weaker than expectations of +5.5% y/y. Also, Aug imports rose +1.3% y/y, weaker than expectations of +3.4% y/y.
Market focus this week will be on any trade or tariff news. On Tuesday, the BLS will release annual benchmark revisions to US payrolls in the year through March. On Wednesday, Aug PPI final demand is expected to climb +3.3% y/y, unchanged from July, and Aug PPI ex-food and energy is expected to ease to +3.5% y/y from +3.7% y/y in July. On Thursday, Aug CPI is expected to climb to +2.9% y/y from +2.7% y/y in July, and Aug CPI ex-food and energy is expected to increase +3.1% y/y, unchanged from July. Also, weekly initial unemployment claims are expected to fall by -3,000 to 234,000. On Friday, the University of Michigan Sep consumer sentiment index is expected to slip -0.2 to 58.0.
The markets are now pricing in a 10% chance of a 50 bp rate cut at the upcoming FOMC meeting on Sep 16-17, versus the previous expectations of a zero chance of that 50 bp rate cut. After the fully expected -25 bp rate cut at the Sep 16-17 meeting, the markets are now discounting an 81% chance of a second -25 bp rate cut at the Oct 28-29 meeting, up from a 54% chance as of late Thursday. The markets are now pricing in an overall -76 bp rate cut in the federal funds rate by year-end to 3.62% from the current 4.38% rate.
Regarding tariffs, a federal appeals court ruled late last month that President Trump exceeded his authority by imposing global tariffs without Congressional approval, but the court let the tariffs remain in place while appeals continue. The US Court of Appeals for the Federal Circuit Court said, "The statute bestows significant authority on the President to undertake a number of actions in response to a declared national emergency, but none of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax." The case now appears to be headed to the Supreme Court for a final decision. According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
Overseas stock markets today are higher. The Euro Stoxx 50 is up +0.61%. China's Shanghai Composite closed up +0.38%. Japan's Nikkei Stock 225 rose to a 2.5-week high and closed up +1.45%.
Interest Rates
December 10-year T-notes (ZNZ5) are up by +3 ticks. The 10-year T-note yield is down by -1.3 bp to 4.061%. The 10-year T-note yield dropped to a 5-month low today at 4.044% on carryover support from last Friday's weak US unemployment report that bolstered the outlook for Fed easing. Supply pressures are limiting gains in T-note prices as the Treasury will auction $119 billion of T-notes and T-bonds this week, beginning with Tuesday's $58 billion auction of 3-year T-notes.
Concerns about Fed independence are negatively impacting T-note prices due to President Trump's attempt to fire Fed Governor Cook and Stephen Miran's intention to hold a Fed Governor position while remaining technically in his White House role on the Council of Economic Advisors.
European government bond yields today are moving lower. The 10-year German bund yield fell to a 1-month low of 2.638% and is down -1.8 bp to 2.644%. The 10-year UK gilt yield dropped to a 3-week low of 4.605% and is down -2.5 bp to 4.620%.
Swaps are discounting the chances at 1% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Chip stocks are climbing today to provide support to the overall market. Broadcom (AVGO) is up more than +4% and added to last Friday's +9% surge to lead chip stocks higher and gainers in the S&P 500 on news that the company is teaming up with OpenAI to make artificial intelligence accelerators. Also, Lam Research (LRCX) is up more than +3% after the stock received a 30-day upside catalyst watch at Citigroup. In addition, Marvell Technology (MRVL) is up more than +2%, and Nvidia (NVDA), KLA Corp (KLAC), ASML Holding NV (ASML), ARM Holding NV (ARM), and Microchip Technology (MCHP) are up more than +1%.
AppLovin (APP) is up more than +10% to lead gainers in the Nasdaq 100 after S&P Dow Jones Indices announced the stock will replace Caesars Entertainment in the S&P 500 before the start of trading on September 22.
Rapport Therapeutics (RAPP) is up more than +134% after reporting positive topline results from its RAP-219 treatment for focal onset seizures.
Forward Industries (FORD) is up more than 46% after receiving $1.65 billion in cash and stablecoin commitments for a private investment in public equity offering to fund a Solana-focused digital asset treasury strategy.
EchoStar (SATS) is up more than +15% after SpaceX's Starlink agreed to buy wireless spectrum from the company for about $17 billion.
Robinhood Markets (HOOD) is up more than +14% after S&P Dow Jones Indices announced the stock will replace MarketAxess Holdings in the S&P 500 before the start of trading on September 22.
Premier Inc. (PINC) is up more than +8% after Patient Square Capital was said to be exploring an acquisition of the company.
Oracle (ORCL) is up more than +3% after Morgan Stanley raised its price target on the stock to $246 from $175.
Telecommunication stocks are falling today after SpaceX agreed to buy wireless spectrum from EchoStar for $17 billion. SBA Communications (SBAC) is down more than -4% to lead losers in the S&P 500 and Nasdaq 100. Also, T-Mobile US (TMUS) is down more than -3% and Verizon Communications (VZ) is down more than -2% to lead losers in the Dow Jones Industrials. In addition, AT&T (T) is down more than -1%.
Summit Therapeutics (SMMT) is down more than -21% unveiling new data that cast doubt on the future of its ivonescimab drug to treat lung cancer.
Caesars Entertainment (CZR) is down more than -1% after S&P Dow Jones Indices announced the stock will be replaced by AppLovin in the S&P 500 before the start of trading on September 22.
BXP Inc (BXP) is down more than -1% after cutting its quarterly cash dividend to 70 cents a share from 98 cents.
TransDigm Group (TDG) is down -0.63% after RBC Capital Markets downgraded the stock to sector perform from outperform.
Earnings Reports(9/8/2025)
Casey's General Stores (CASY).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Supported by Hopes of Fed Rate Cuts

The S&P 500 Index ($SPX) (SPY) today is up +0.17%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.23%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.58%. September E-mini S&P futures (ESU25) are up +0.18%, and September E-mini Nasdaq futures (NQU25) are up +0.68%.
Stocks are climbing today on the prospect of a more accommodative Federal Reserve. The 10-year T-note yield fell to a 5-month low today of 4.05%. The markets have fully priced in a 25 bp rate cut by the Fed at next week's FOMC meeting and priced in a 10% chance for a 50 bp rate cut. However, this week's US Aug CPI and PPI reports will show how much room the Fed has to cut interest rates and support the job market. Stocks fell last Friday after the weaker-than-expected US Aug payroll report sparked concerns that the Fed was falling behind in supporting a rapidly cooling US labor market.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Weaker-than-expected trade news from China is negative for global growth prospects after China's Aug exports rose +4.4% y/y, weaker than expectations of +5.5% y/y. Also, Aug imports rose +1.3% y/y, weaker than expectations of +3.4% y/y.
Market focus this week will be on any trade or tariff news. On Tuesday, the BLS will release annual benchmark revisions to US payrolls in the year through March. On Wednesday, Aug PPI final demand is expected to climb +3.3% y/y, unchanged from July, and Aug PPI ex-food and energy is expected to ease to +3.5% y/y from +3.7% y/y in July. On Thursday, Aug CPI is expected to climb to +2.9% y/y from +2.7% y/y in July, and Aug CPI ex-food and energy is expected to increase +3.1% y/y, unchanged from July. Also, weekly initial unemployment claims are expected to fall by -3,000 to 234,000. On Friday, the University of Michigan Sep consumer sentiment index is expected to slip -0.2 to 58.0.
The markets are now pricing in a 13% chance of a 50 bp rate cut at the upcoming FOMC meeting on Sep 16-17, versus the previous expectations of a zero chance of that 50 bp rate cut. After the fully expected -25 bp rate cut at the Sep 16-17 meeting, the markets are now discounting an 81% chance of a second -25 bp rate cut at the Oct 28-29 meeting, up from a 54% chance as of late Thursday. The markets are now pricing in an overall -76 bp rate cut in the federal funds rate by year-end to 3.62% from the current 4.38% rate.
Regarding tariffs, a federal appeals court ruled late last month that President Trump exceeded his authority by imposing global tariffs without Congressional approval, but the court let the tariffs remain in place while appeals continue. The US Court of Appeals for the Federal Circuit Court said, "The statute bestows significant authority on the President to undertake a number of actions in response to a declared national emergency, but none of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax." The case now appears to be headed to the Supreme Court for a final decision. According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.
Overseas stock markets today are higher. The Euro Stoxx 50 is up +0.57%. China's Shanghai Composite closed up +0.38%. Japan's Nikkei Stock 225 rose to a 2.5-week high and closed up +1.45%.
Interest Rates
December 10-year T-notes (ZNZ5) are up by +4 ticks. The 10-year T-note yield is down by -2.1 bp to 4.053%. The 10-year T-note yield dropped to a 5-month low today at 4.051% on carryover support from last Friday's weak US unemployment report that bolstered the outlook for Fed easing. Supply pressures are limiting gains in T-note prices as the Treasury will auction $119 billion of T-notes and T-bonds this week, beginning with Tuesday's $58 billion auction of 3-year T-notes.
Concerns about Fed independence are negatively impacting T-note prices due to President Trump's attempt to fire Fed Governor Cook and Stephen Miran's intention to hold a Fed Governor position while remaining technically in his White House role on the Council of Economic Advisors.
European government bond yields today are moving lower. The 10-year German bund yield fell to a 1-month low of 2.640% and is down -2.1 bp to 2.641%. The 10-year UK gilt yield dropped to a 3-week low of 4.616% and is down -2.9 bp to 4.615%.
Swaps are discounting the chances at 1% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
The Magnificent Seven stocks are mostly higher today, lifting the broader market. Nvidia (NVDA) is up more than +2% and Meta Platforms (META) is up more than +2%. Also, Alphabet (GOOGL) is up +0.92% and Tesla (TSLA) is up +0.88%. In addition, Microsoft (MSFT) is up +0.77%, and Amazon (AMZN) is up +0.73%. Apple (AAPL) is a laggard, down -0.15%.
Chip stocks are climbing today to provide support to the overall market. Broadcom (AVGO) is up more than +4% and added to last Friday's +9% surge to lead chip stocks higher and gainers in the S&P 500 on news that the company is teaming up with OpenAI to make artificial intelligence accelerators. Also, Lam Research (LRCX) is up more than +2% after the stock received a 30-day upside catalyst watch at Citigroup. In addition, KLA Corp (KLAC), ASML Holding NV (ASML), Marvell Technology (MRVL), ARM Holding NV (ARM), and Applied Materials (AMAT) are up more than +1%.
AppLovin (APP) is up more than +10% to lead gainers in the Nasdaq 100 after S&P Dow Jones Indices announced the stock will replace Caesars Entertainment in the S&P 500 before the start of trading on September 22.
Robinhood Markets (HOOD) is up more than +11% after S&P Dow Jones Indices announced the stock will replace MarketAxess Holdings in the S&P 500 before the start of trading on September 22.
Rapport Therapeutics (RAPP) is up more than +171% after reporting positive topline results from its RAP-219 treatment for focal onset seizures.
Forward Industries (FORD) is up more than 67% after receiving $1.65 billion in cash and stablecoin commitments for a private investment in public equity offering to fund a Solana-focused digital asset treasury strategy.
EchoStar (SATS) is up more than +20% after SpaceX's Starlink agreed to buy wireless spectrum from the company for about $17 billion.
Premier Inc. (PINC) is up more than +8% after Patient Square Capital was said to be exploring an acquisition of the company.
Oracle (ORCL) is up more than +2% after Morgan Stanley raised its price target on the stock to $246 from $175.
Telecommunication stocks are falling today after SpaceX agreed to buy wireless spectrum from EchoStar for $17 billion. T-Mobile US (TMUS) is down more than -4% to lead losers in the S&P 500 and Nasdaq 100. Also, AT&T (T) is down more than -3%. In addition, Verizon Communications (VZ) is down more than -2% to lead losers in the Dow Jones Industrials.
Summit Therapeutics (SMMT) is down more than -15% unveiling new data that cast doubt on the future of its ivonescimab drug to treat lung cancer.
Caesars Entertainment (CZR) is down more than -4% after S&P Dow Jones Indices announced the stock will be replaced by AppLovin in the S&P 500 before the start of trading on September 22.
TransDigm Group (TDG) is down more than -1% after RBC Capital Markets downgraded the stock to sector perform from outperform.
Duolingo (DUOL) is down -0.69% after Wells Fargo Securities started coverage of the stock with an underweight rating and a price target of $239.
Earnings Reports(9/8/2025)
Casey's General Stores (CASY).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Mostly Higher on Fed Easing Prospects

Key Points
EchoStar is selling some of its 5G spectrum licenses to SpaceX.
SpaceX's Starlink competes with AST SpaceMobile in "direct to cell" satellite phone services.
Roth Capital remains optimistic about AST SpaceMobile stock, though the company is unprofitable and lacks appreciable revenue.
Satellite communications company EchoStar (NASDAQ: SATS) announced on Monday morning that it will sell two blocks of 5G spectrum to SpaceX for use by its Starlink internet and "direct to cell" mobile communications service.
This is great news for SpaceX and great news for EchoStar. At last report, EchoStar stock was up nearly 18% on the news. One bunch of investors that's less thrilled with the development, though, are those who have been investing in Starlink rival AST SpaceMobile (NASDAQ: ASTS).
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »
As of 10:20 a.m. ET, AST SpaceMobile stock was down 5.7%.
SpaceX versus AST SpaceMobile
As Roth Capital explained Monday in a note covered on TheFly.com, EchoStar's "fire sale" will help Starlink bulk up on spectrum it can use to provide commercial services on the cheap. This puts "pressure" on AST SpaceMobile shares, based on the theory that what's good for SpaceX is necessarily bad for its competitor.
Roth doesn't share this view -- and he remains optimistic about AST SpaceMobile, putting a buy rating and a $56 price target on the stock, which currently trades at around $40.
As the analyst explains, SpaceX now "will require next-generation satellites and a smartphone refresh" among subscribers to partner T-Mobile (NASDAQ: TMUS). Meanwhile, AST retains strong alliances with cellphone providers including AT&T (NYSE: T) and Verizon (NYSE: VZ).
Is AST SpaceMobile stock a buy?
I'm not so sure Roth is right about that. SpaceX's strategy already involves steadily replacing old Starlink satellites with upgraded ones, so I doubt that's really a concern. As for AST SpaceMobile, the company has a market cap of $14 billion, yet it lacks both profits and any appreciable revenue. (Total revenue for the past year was less than $5 million, according to S&P Global Market Intelligence data.)
It seems to me that SpaceX is winning this race. AST looks stuck in neutral.
Should you invest $1,000 in AST SpaceMobile right now?
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends T-Mobile US and Verizon Communications. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why AST SpaceMobile Stock Sank Today

In early trading on Monday, shares of Applovin topped the list of the day's best performing components of the Nasdaq 100 index, trading up 11.0%. Year to date, Applovin registers a 68.1% gain.
And the worst performing Nasdaq 100 component thus far on the day is T-Mobile, trading down 5.6%. T-Mobile is showing a gain of 8.1% looking at the year to date performance.
Two other components making moves today are MercadoLibre, trading down 4.4%, and Broadcom, trading up 4.5% on the day.
VIDEO: Nasdaq 100 Movers: TMUS, APP
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Nasdaq 100 Movers: TMUS, APP

In early trading on Monday, shares of Broadcom topped the list of the day's best performing components of the S&P 500 index, trading up 4.5%. Year to date, Broadcom registers a 51.0% gain.
And the worst performing S&P 500 component thus far on the day is T-Mobile, trading down 5.6%. T-Mobile is showing a gain of 8.1% looking at the year to date performance.
Two other components making moves today are AT&T, trading down 3.9%, and Lam Research, trading up 2.7% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

S&P 500 Movers: TMUS, AVGO

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco NASDAQ 100 ETF (Symbol: QQQM) where we have detected an approximate $359.9 million dollar inflow -- that's a 0.6% increase week over week in outstanding units (from 249,020,000 to 250,540,000). Among the largest underlying components of QQQM, in trading today Netflix Inc (Symbol: NFLX) is down about 0.5%, T-Mobile US Inc (Symbol: TMUS) is up about 1%, and Linde PLC (Symbol: LIN) is lower by about 0.1%. For a complete list of holdings, visit the QQQM Holdings page » The chart below shows the one year price performance of QQQM, versus its 200 day moving average:
Looking at the chart above, QQQM's low point in its 52 week range is $165.72 per share, with $240.11 as the 52 week high point — that compares with a last trade of $236.81. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Also see:
ETFs With Notable Outflows
LIDR market cap history
IYW Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

QQQM, NFLX, TMUS, LIN: ETF Inflow Alert

(RTTNews) - T-Mobile (TMUS) issued updated customer and financial guidance as applicable after incorporating the impacts of the UScellular transaction. T-Mobile now expects the UScellular transaction to yield approximately $1.2 billion in total annual run rate cost synergies upon integration, an increase of 20% from the original approximately $1.0 billion run rate synergy guidance, now comprised of approximately $950 million in opex and approximately $250 million in capex run rate synergies. The integration is now expected to be achieved in approximately two years, an acceleration from the original three-to-four-year expectation.
T-Mobile said, for third quarter, financial impacts from the UScellular acquisition include: service revenues of approximately $400 million; and core adjusted EBITDA of approximately $125 million.
Excluding UScellular and Metronet, T-Mobile's underlying business continues to see strong postpaid ARPA growth, with ongoing expectations for full year 2025 versus 2024 growth of at least 3.5%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

T-Mobile Issues Synergy Updates For UScellular Transaction

Verizon Communications Inc. VZ has gained 9.5% in the year-to-date period compared with the Wireless National industry’s growth of 15.9%. The stock has underperformed the Zacks Computer & Technology sector and the S&P 500 during the same time frame.
Image Source: Zacks Investment Research
Shares of the company have underperformed its peers like AT&T Inc. T and T-Mobile US, Inc. TMUS. Shares of AT&T and T-Mobile have returned 27.7% and 15.9%, respectively, during this period.
VZ Gains on Customer-Focused Approach, Fiber Expansion
Verizon is offering various mix-and-match pricing in both wireless and home broadband plans, which has led to solid customer additions. The company recently introduced Verizon Family Plus with enticing features. With just $10/month, subscribers get access to a wide range of services that cater to digital wellness and safety tools for all the family members. The plan includes content filters, screen time controls allowing parents to take control of device usage of children. It also comes with driving insights for teens, unlimited location check-ins, roadside assistance and other tailored features for elderly members of the family.
Verizon also recently launched Tracfone Freedom, its first unlimited talk, text and data plan at $45 per month with Auto-pay. The plan provides 5G access, fraud protection capabilities. It offers a discount to military and veterans. The plan comes with international connectivity for calling, texting and roaming in Canada & Mexico and flexible 3, 6, 12-month variants.
Verizon is aggressively forging ahead to expand its fiber optics networks to support 4G LTE and 5G wireless standards, as well as wireline connections. In the second quarter, the company secured the FCC’s approval for its acquisition of Frontier Communications. The buyout has significantly augmented the company’s fiber infrastructure footprint nationwide. The company is also making necessary capital expenditures due to the continued expansion of 5G mmWave in new and existing markets, and the densification of the 4G LTE wireless network to cater to huge traffic demands across multiple verticals.
Major Challenges for Verizon
Verizon faces stiff competition from major industry leaders AT&T and T-Mobile in all the verticals in which it operates. AT&T has launched new wireless plans with enticing features tailored for people aged 55 and above. By opting for the plan, customers can get one line for $40/month or two lines for $35/month with unlimited talk, text and data. T-Mobile offers unlimited talk and text at $40 per month with Autopay for its basic mobile plan. With a five-year price guarantee, it offers 15GB of premium data. Hence, with T and TMUS also rolling out enticing offerings, acquiring customers in a highly saturated market won’t be easy for Verizon.
In a bid to expand its customer base, Verizon is spending heavily on promotion and is also offering lucrative discounts. Although the customer-first strategy is designed to woo new customers and retain existing ones, it is likely to strain margins. Macroeconomic challenges continue to impact net sales in its Business segment.
Image Source: Zacks Investment Research
Estimate Revision Trend of VZ
Earnings estimates for 2025 have increased 0.21% to $4.7 over the past 60 days, while the same for 2026 has improved 0.41% to $4.94.
Image Source: Zacks Investment Research
Key Valuation Metric of VZ
From a valuation standpoint, VZ appears to be trading relatively cheaper compared to the industry. Going by the price/earnings ratio, the company’s shares currently trade at 9.01 forward earnings, lower than 13.7 for the industry.
Image Source: Zacks Investment Research
End Note
Verizon’s multi-dimensional approach and customer-focused strategies are driving growth in the Consumer segment. AI advancements and the growing adoption of IoT devices are driving demand for high-speed connectivity. Verizon is swiftly expanding its fiber network and enhancing its 4G LTE and 5G infrastructure to meet the emerging requirements. Such initiative bodes well for sustainable growth.
However, fierce competition in the U.S. wireless market limits growth potential. Weakness in some verticals stemming from macroeconomic challenges remains a major concern. With a Zacks Rank #3 (Hold), VZ appears to be treading in the middle of the road, and new investors could be better off if they trade with caution. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	25.95 15.01
Price/Sales	3.46 0.99
P/B	4.58 1.40
P/FCF	20.07 11.54

Indicator	TTM Median
ROE	19.09 13.09
ROA	5.66 4.72
ROI	8.42 6.69
Net Worth	281.43 0.77
Quick Ratio	1.08 0.93
Current Ratio	1.16 1.24

Indicator	TTM Median
Net Profit Margin	14.41 9.44
Operating Margin	22.75 14.24
Gross Margin	63.76 54.26
Return on tangible equity	25.58 25.55

Indicator	TTM Median
EPS	2.58 0.25
EPS Forecast	2.45 0.22
Revenue	20.89B 89.00M
Gross Profit	13.49B —
EBITDA	8.00B —

T-Mobile US, Inc.

TTM metrics for the latest quarter under IFRS and their historical dynamics

Valuation

Debts

Efficiency

Other ratios

Revenue