PKW

T-Mobile US, Inc. (NASDAQ:TMUS) signed a deal with KKR & Co. Inc. (NYSE:KKR) to form a joint venture (JV) that will acquire Metronet’s broadband infrastructure, residential fiber operations, and customer base. At closing, T-Mobile plans to invest about $4.9 billion for a 50% stake in the joint venture, acquiring Metronet’s residential fiber operations and customers, and funding the JV. Metronet serves over 2 million homes and businesses across 17 states with its advanced fiber-to-the-home (FTTH) platform. The JV will also acquire Oak Hill Capital’s stake, with Oak Hill re-investing to maintain a minority position and founder John Cinelli retaining a minority stake post-closure. T

T-Mobile US, Inc. (NASDAQ:TMUS) disclosed that the U.S. Department of the Navy has chosen it as a wireless solutions provider under the $2.67 billion Spiral 4 contract for the next ten years. This agreement enables all Department of Defense agencies to procure wireless services and equipment from T-Mobile. The Department of Defense will have the opportunity to leverage T-Mobile’s 5G network for state-of-the-art wireless solutions that meet the evolving needs of government operations.  The contract aims to provide reliable connectivity for government activities, ranging from mission-critical communications to network solutions for military personnel and federal civilian agencies.

Comcast Corp (NASDAQ:CMCSA) announced it will introduce a new streaming bundle called StreamSaver, which includes Apple Inc (NASDAQ:AAPL) Apple TV+, Netflix Inc (NASDAQ:NFLX), and its own Peacock service.  CEO Brian Roberts revealed at an investor conference that this bundle aims to reduce subscriber churn and will be significantly discounted compared to similar market offerings.  The bundle will be available later this month to both video and broadband customers, Bloomberg reports.  Also Read: AT&T, Comcast, Verizon Challenge: Subsidy Slash Threatens Internet for 23M Households This strategy comes as Comcast, under the Xfinity brand, continues to lose pay-TV subscribers to strea

Benchmark analyst Matthew Harrigan reiterated Comcast Corp (NASDAQ:CMCSA) with a Buy and a $55 price target. Dan Lovinger, NBC's president of ad sales and partnerships, announced that NBCU has already won $1.2 billion in commitments, on pace for a record Olympic tally including more than $350 million from new advertisers.  The analyst said the amount of commitment won is already just marginally behind the $1.25 billion in national advertising achieved for the Tokyo Games.   Also Read: AT&T, Comcast, Verizon Challenge: Subsidy Slash Threatens Internet for 23M Households The Olympics are especially integral to Peacock's ongoing momentum, with all events streaming with record concom

We performed a screening of mid-cap ETFs - defined as having Assets Under Management (AUM) between $400 million and $2 billion - to determine what funds had the largest change in net assets on the week, according to data from etfdb.com. Only non-leveraged funds were considered.  Winners Invesco BuyBack Achievers ETF (NYSE:PKW) PKW added $310.20 million in AUM over the trailing week. The Invesco BuyBack Achievers ETF invests in companies that have bought back a significant amount of stock - above 5%. The philosophy is that this will increase the stock's value through a more limited supply. The fund has $1.79 billion in AUM and an expense ratio of 0.64%. EMXC has holdings in 315 companies, wit

Stock buybacks in the United States appear to be breaking new ground as firms prepare for quarterly earnings season, even as some investors are concerned about the mounting threat of inflation, a potential recession, and stagnant share prices, writes Reuters. According to financial data firm EPFR, Informa Financial Intelligence, new repurchase announcements by U.S. companies reached over $300 billion in the first quarter, with March showing a high year-over-year increase, suggesting buybacks have remained resilient in recent weeks. Companies generally repurchase shares when they are optimistic about the future and believe their stock prices are low. Investors are concerned about the impac

U.S. companies are rushing to repurchase large volumes of shares to take advantage of recent stock market volatility and reassure investors as growth slows, reported Financial Times. The management uses the share buybacks to prop up demand for their stock and increase their profitability on an EPS basis by reducing the number of shares in circulation. What happened: According to Goldman Sachs data, a record $319 billion of new share buybacks have been authorized so far this year, with rising numbers of companies using "accelerated" deals to buy large volumes as quickly as possible while their share prices are depressed. There were $267 billion in share buybacks at the same point in 2021.

Some long-term valuation models are projecting negative overall returns for the S&P 500 over the next decade. Analysts are expecting rising interest rates to weigh on earnings growth, so companies may start turning to more aggressive share buybacks to boost EPS. Deep Pockets: In the third quarter of 2021, Apple, Inc. (NASDAQ:AAPL) led all S&P 500 companies with $20.4 billion in buybacks. Alphabet, Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) was a distant second with $15 billion in buybacks, followed by Meta Platforms Inc (NASDAQ:FB) with $12.6 billion. Related Link: This Model Suggests Negative S&P 500 Returns Over The Next Decade Over the last decade, no company has come close to Apple in the buy