TMUS

Moving with the market

• TMUS +1.18% on the last session vs SPY +0.74%: +0.4 pts of stock-specific move.
• Aftermath, big drop (Sep 29): After its 68 big drops in the past 5 years, TMUS typically gained 0.7% over the next week (median) and was higher 59% of the time; half the outcomes fell between -1.8% and +3.1%. An ordinary week: +0.1%. Among S&P 500 stocks after big drops, that ranks #148 of 500.
• Market backdrop (Fri): Average Hourly Earnings m/m 0.1% vs 0.3% expected (cooler); Non-Farm Employment Change 29K vs 89K expected (weaker); S&P futures +0.41%, 10-year yield -5bp in the 30 minutes after.