Jim Cramer Says Be Prepared for T-Mobile Stock to Run

T-Mobile US, Inc. (NASDAQ:TMUS) is one of the stocks in Jim Cramer’s recent game plan. Cramer said that investors should be “prepared” for the stock to run. He stated:

“Next, the Street’s getting behind T-Mobile again, which may mean that their Apple initiative, they’re the most gung-ho about offering a low price for each iPhone iteration, is coming in above the estimates. Be prepared for both stocks to run. Apple looked good today.”

T-Mobile US, Inc. (NASDAQ:TMUS) provides wireless voice, messaging, data, and high-speed internet services. In addition, the company offers mobile devices, accessories, and financing options. During the September 22 episode, Cramer discussed the company’s leadership changes and valuation, as he said:

“Now, first, T-Mobile, which announced the leadership transition before the open this morning, with CEO Mike Sievert set to become vice chairman on November 1st, a bit of a surprise, and [will] be succeeded by the company’s current COO Srini Gopalan. Now Sievert’s created a tremendous amount of value… since he has been CEO, but I believe in this team. T-Mobile’s on track to give you 19.4% earnings growth next year. Yet it’s selling for just over 18 times next year’s numbers. Plain and simple.”

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Disclosure: None. This article is originally published at Insider Monkey.