AT&T Inc. ($T) Stock Forecast: Down 0.2% Today

What is AT&T Inc.?

AT&T Inc. (T) is a multinational conglomerate holding company with interests in telecommunications, media, and technology. The stock had a strong bearish movement today amidst market fluctuations.

Why is AT&T Inc. going down?

T stock is down 0.2% on Sep 4, 2024 17:40

• A webcast featuring CEO John Stankey at the Goldman Sachs Communacopia + Technology Conference might have initially boosted investor sentiment, but the overall market sentiment turned bearish for AT&T.
• A lawsuit initiated by Elon Musk's social media platform X against Media Matters For America, and the judge's ruling in favor of the lawsuit, might have caused some uncertainty in the market, impacting AT&T's stock negatively.
• Positive news about Meta's Llama AI models winning big with companies like Goldman Sachs and AT&T may have diverted investor attention away from AT&T, leading to a bearish movement in the stock.
• The CFTC's decision to go after decentralized crypto exchange Uniswap could have created a ripple effect in the market, contributing to the bearish movement in AT&T's stock.

T Price Chart

T News

Why the CFTC Decided to Go After Decentralized Crypto Exchange Uniswap

Why the CFTC Decided to Go After Decentralized Crypto Exchange Uniswap

https://www.cryptoglobe.com/latest/2024/09/why-the-cftc-decided-to-go-after-decentralized-crypto-exchange-uniswap/

AT&T Shares Are On The Rise: What's Going On - Telefonaktiebolaget L M ( NASDAQ:ERIC ) , Nokia ( NYSE:NOK )

Shares of AT&T Inc. T are trading higher today. Here's what you need to know. What To Know: The company announced a webcast featuring CEO John Stankey at the Goldman Sachs Communacopia + Technology Conference scheduled for September 10.

https://www.benzinga.com/news/24/09/40695161/at-t-shares-are-on-the-rise-whats-going-on

Elon Musk's X Lawsuit Against Media Matters Gets Green Light From Judge Who Holds Tesla Stock - Tesla ( NASDAQ:TSLA )

A lawsuit initiated by Elon Musk's social media platform X, formerly Twitter, against Media Matters For America, or MMFA, has been permitted to proceed by a judge who is a shareholder in Tesla Inc. TSLA. What Happened: Judge Reed O'Connor, a shareholder in Tesla, rejected a motion to dismiss the ...

https://www.benzinga.com/news/24/08/40665522/elon-musks-x-lawsuit-against-media-matters-gets-green-light-from-judge-who-holds-tesla-stock

Judge who owns Tesla stock greenlights X lawsuit against critics

Illustration by Cath Virginia / The Verge | Photo by Grzegorz Wajda, Getty Images A lawsuit aimed at punishing critics of Elon Musk’s X will go forward, thanks to a ruling from a judge with a financial interest in Musk’s success. On Thursday, Judge Reed O’Connor denied a motion to dismiss X’s lawsuit against Media Matters For America. The suit was filed in Texas last year and alleges that MMFA should be held legally liable for negative reporting that caused companies to pull ads from X. O’Connor dismissed objections that it was filed in a state where neither X nor MMFA is headquartered, saying the fact that MMFA “targeted” two X Texas-based advertisers — Oracle and AT&T — by mentioning them in articles and interviews is sufficient. (X is based in California, though its current San Francisco office will soon close and Musk has discussed moving to Texas.) O’Connor also determined that X’s claims had enough merit to proceed in court. Which is, to put it gently, concerning. X wants to make being too negative about a company illegal, and a judge apparently sees nothing wrong with that Unlike your standard libel lawsuit, X doesn’t say MMFA made a factually incorrect claim; it outright admits that X served ads against racist or otherwise offensive content.

https://www.theverge.com/2024/8/30/24232263/elon-media-matters-lawsuit-proceeds-judge-ruling

Meta’s Llama AI wins big with Goldman Sachs, AT&T, Nomura

https://www.bobsguide.com/wp-content/uploads/2024/08/Metas-Llama-AI-wins-big-with-Goldman-Sachs-ATT-Nomura.jpg Meta''s open-source Llama AI models are rapidly gaining traction across various industries, with significant uptake among financial institutions and major enterprises. Companies such as Goldman Sachs, Nomura Holdings, AT&T, DoorDash, and Accenture have adopted Llama models for a range of business functions, including customer service, document review, and computer code generation, Meta said in a statement on Thursday. Meta, the social media giant led by Mark Zuckerberg, announced that the Llama models have been downloaded almost 350 million times since they were made publicly available last year. This figure marks a substantial increase from the 300 million downloads reported when Meta released the largest version of its latest Llama 3 model in late July. Usage of Llama models via cloud providers has also seen impressive growth. Meta noted that usage through platforms like Amazon Web Services (AWS) and Microsoft Azure has more than doubled between May and July of this year.

https://www.bobsguide.com/metas-llama-ai-wins-big-with-goldman-sachs-att-nomura/

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AT&T Inc. Price History

04.08.2024 - T Stock was down 0.2%

• A webcast featuring CEO John Stankey at the Goldman Sachs Communacopia + Technology Conference might have initially boosted investor sentiment, but the overall market sentiment turned bearish for AT&T.
• A lawsuit initiated by Elon Musk's social media platform X against Media Matters For America, and the judge's ruling in favor of the lawsuit, might have caused some uncertainty in the market, impacting AT&T's stock negatively.
• Positive news about Meta's Llama AI models winning big with companies like Goldman Sachs and AT&T may have diverted investor attention away from AT&T, leading to a bearish movement in the stock.
• The CFTC's decision to go after decentralized crypto exchange Uniswap could have created a ripple effect in the market, contributing to the bearish movement in AT&T's stock.

19.09.2023 - T Stock was up 6.5%

• AT&T's Q3 results exceeded expectations, with operating revenues up 1% year-over-year and adjusted EPS beating consensus.
• The company also boosted its free cash flow guidance, which likely contributed to the bullish movement in the stock.
• The positive performance and increased cash flow guidance may have instilled confidence in investors, leading to the bullish market movement.
• Despite previous concerns about AT&T's stock, the strong Q3 performance suggests potential for growth and makes it an attractive investment option.

20.09.2023 - T Stock was up 2.4%

• The bullish movement in AT&T's stock today can be attributed to its strong Q3 earnings report. Here's what happened:
• AT&T reported better-than-expected third-quarter financial results, with operating revenues of $30.35 billion, beating the consensus of $28.69 billion.
• The company's adjusted EPS of $0.64 also surpassed the consensus of $0.59.
• AT&T's strong subscriber gains and improved free-cash-flow guidance further contributed to the positive sentiment surrounding the stock.
• Overall, AT&T's solid performance in Q3 and positive outlook for the future have likely fueled investor confidence and resulted in the bullish market movement.

05.11.2023 - T Stock was up 1.9%

• The bullish movement in AT&T's stock today can be attributed to the following factors:
• 1. AT&T's deal with Ericsson: The announcement of AT&T's agreement to buy up to $14 billion worth of network equipment from Ericsson is seen as a positive development for the company. This deal is expected to enhance AT&T's network capabilities and improve its service offerings, which likely boosted investor confidence.
• 2. Negative impact on Nokia: The news of AT&T choosing Ericsson over Nokia for the network equipment contract had a negative impact on Nokia's stock. This could be a contributing factor to the bullish movement in AT&T's stock, as investors may view AT&T's decision as a strategic advantage for the company over its competitor.
• 3. Market sentiment: The overall market sentiment may have also played a role in the bullish movement of AT&T's stock. Positive news surrounding the telecommunications industry, such as advancements in 5G technology and increased demand for connectivity, could have contributed to the optimistic outlook for AT&T.
• In conclusion, AT&T's bullish movement today can be attributed to its deal with Ericsson, the negative impact on Nokia, and positive market sentiment towards the telecommunications industry.

14.06.2023 - T Stock was down 4.0%

• The stock's bearish movement could be attributed to the report claiming that outdated phone cables owned by AT&T and other telecom giants could contaminate soil and water with lead, which may have impacted children. This negative news could have raised concerns among investors about potential legal and financial implications.
• Additionally, the article highlighting that AT&T and Verizon knew about the toxic lead cables for decades but did little to address the issue could have further eroded investor confidence in the company.
• The conclusion of Comcast's network expansion in Oregon, as mentioned in the news, might have also played a role in diverting investor attention away from AT&T, contributing to the bearish movement.
• The mention of other factors investors must consider, besides the high dividend yield, in the Motley Fool article could have added to the overall sentiment of caution surrounding AT&T's stock.

24.06.2024 - T Stock was up 5.3%

• The bullish movement in stock T could be attributed to the positive analyst outlook, expecting a rise based on strong phone net additions and robust guidance provided by AT&T.
• Despite the recent FCC investigation into AT&T's outage that blocked 25,000 calls to 911, investors seem to be focusing more on the company's financial performance and future prospects.
• The overall bullish sentiment in the market might have overshadowed any concerns related to the outage, especially with the company's revenue report meeting expectations and receiving a Buy rating from Goldman Sachs.