4 Top 5G Stocks For Your Late July Watchlist
With investors wondering what stocks to buy today, 5G stocks continue to make waves in the stock market. Understandably, this would be thanks to several favorable operating conditions for the industry now. Firstly, with a potential new wave of coronavirus hitting the world, 5G services would be in demand. As more lockdown mandates are set, more consumers would be staying in their homes. In turn, this would see consumers spending more on the latest tech offerings which include 5G. Earlier today, the World Health Organization (WHO) provided an update on the pandemic front as well. According to Director-General Tedros Ghebreyesus, the world is in the early stages of another round of coronavirus infections.
Meanwhile, with the world bracing for worsening pandemic conditions, the 5G industry continues to innovate. Namely, Apple (NASDAQ: AAPL) is now planning to make its 2022 iPhone product line fully-5G capable. Given the vast reach of Apple’s products, this would significantly increase the general adoption of 5G amongst consumers. Additionally, this move comes after news of the company boosting its iPhone production by up to 20%. At the same time, mobile network provider AT&T (NYSE: T) is also now working with JBG Smith (NYSE: JBGS). The duo is looking to develop a “5G Smart City” in National Landing, North Virginia. For a sense of scale, JBG Smith’s portfolio in the region spans 14 million square feet, making it a major win for AT&T.
By and large, the 5G industry does not seem to be slowing down anytime soon. Given the current state of the world, I could see investors and companies alike pivoting towards the tech now. Because of all this, could one of these top 5G stocks in the stock market today be worth investing in?
Best 5G Stocks To Buy [Or Sell] This Week
- Verizon Communications Inc. (NYSE: VZ)
- Qualcomm Inc. (NASDAQ: QCOM)
- T-Mobile US Inc. (NASDAQ: TMUS)
- Skyworks Solutions Inc. (NASDAQ: SWKS)
Verizon Communications Inc.
Verizon is a multinational telecommunications conglomerate that is headquartered in New York. The company is one of the biggest wireless carriers in the U.S. with over 120 million subscribers. It provides one of the best network performances in the country, recently winning the best overall network performance by RootMetrics, the nation’s most rigorous and scientific network tester. VZ stock currently trades at $56.41 as of 11:04 a.m. ET. Today, the company reported a record second-quarter performance.
Total consolidated operating revenues for the quarter were $33.8 billion, up by 10.9% year-over-year. This was driven by its wireless revenue growth, strong Fios and Verizon Media results, and increased wireless equipment revenue. Verizon also posted earnings per share of $1.40 for the quarter. The company also says that increased activity and consumer’s differentiated customer proposition drove 5G adoption and step-ups to premium unlimited plans.
Notably, its consumer segment ended the quarter with approximately 20% of wireless phone customers having 5G-capable devices. On Tuesday, Verizon also announced that it will be teaming up with Alphabet’s (NASDAQ: GOOGL) Google to bring enhanced messaging services to Android users. Through this collaboration, Messages will work with Verizon’s network and RCS messaging service to provide a seamless experience for Android users. For these reasons, will you consider adding VZ stock to your portfolio?
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Next on this list is Qualcomm. The company is a leader in wireless technology innovation and is a driving force behind the development and expansion of 5G. Furthermore, its foundational technologies enable the mobile ecosystem and are found in every 3G, 4G, and 5G smartphone. Also, QCOM stock currently trades at $141.25 as of 11:05 a.m. ET and is up by over 50% in the past year. The company will announce its third-quarter earnings for fiscal 2021 on July 28, 2021, after the market closes.
On Wednesday, the company announced that it is optimizing 5G for a new class of low-latency experiences. The company’s 5G capabilities will, at scale, improve performances in cloud gaming, boundless virtual reality (VR), and boundless augmented reality (AR). With reliable, low-latency 5G connectivity, consumers can have console-based cloud gaming in the palm of their hands virtually anywhere they go. Consumers will also not have to download the games at hand like how current consoles operate. Given the potential of the gaming industry, this could be game-changing for Qualcomm when implemented. With that in mind, will you consider buying QCOM stock?
T-Mobile U.S. Inc.
T-Mobile is a 5G company that delivers a transformative nationwide 5G network. It provides unmatched quality and value for its customers. The company is the third-largest wireless carrier in the U.S. with over 100 million subscribers at the end of Q1 2021. It also boasts the first and largest nationwide 5G network, reaching more cities and towns in the U.S. than its competitors. TMUS stock currently trades at $145.34 as of 11:05 a.m. ET.
In light of its second-quarter financials that is scheduled on July 29, 2021, how has the company been doing financially? For that, we look at its first-quarter earnings that were posted in May. T-Mobile reported that it had 1.4 million total net additions, the best in the industry. Total revenues for the quarter were $19.8 billion. It also posted a net income of $933 million for the quarter or diluted earnings per share of $0.74. The company says that its network leadership is fueling customer momentum, delivering merger synergies, and expanding its addressable markets for growth. All things considered, will you consider TMUS stock a top 5G stock to buy?
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Skyworks Solutions Inc.
Following that, we have Skyworks Solutions Inc. In brief, it is a California-based semiconductor manufacturing company. Skyworks primarily manufactures semiconductors to be employed in radio frequency and mobile communications systems. According to the company, its core end markets include the aerospace, medical, military, and consumer tech industries among others. With operations across North America, Europe, and Asia, some would argue that Skyworks is a major player in the 5G space now. Likewise, SWKS stock currently trades at $191.02 as of 11:05 a.m. ET and is up by over 150% since its pandemic era low. Could now be a good time to invest in Skyworks?
Well, if anything, the company continues to innovate and grow on the operational front. Just last month, Skyworks provided an update regarding its work with Xilinx Inc. (NASDAQ: XLNX). The duo reportedly demonstrated compliance with 3GPP linearity and bandwidth requirements for C-band signals. Notably, the current tech in play is critical in enabling next-generation 5G infrastructure. In terms of financials, Skyworks also saw green across the board in its latest quarter fiscal back in April. The company raked in total revenue of $1.17 billion for the quarter, a sizable 52% year-over-year increase. With Skyworks looking to report earnings next week, will you be keeping an eye on SWKS stock?