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Barchart
Nauman Khan

AT&T Stock Got Crushed by SpaceX News. This Is a Buy-the-Dip Opportunity.

AT&T SpaceX Starlink Mobile Federal Communications Commission

A harsh reality check just fell on AT&T (T) stock. On Oct. 9, shares dropped 11% amid a selloff of telecom stocks after SpaceX (SPCX) unveiled plans for a spectrum acquisition that will help it enter direct wireless service with Starlink Mobile.

The threat to AT&T is real. But the company's free cash flow, fiber and wireless expansion, and valuation still leave room for growth. The problem, though, is the division of SpaceX's long-term goals from AT&T's today. But has one day of panic created an opportunity in T stock? Let's take a closer look.

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