Stocks to watch on Wednesday: Sprint (S) - no surprise here that the DOJ has problems with the T-Mobile (TMUS) merger. The deal will reduce competition in the wireless sector and remove a lot of the interest for the combined company to focus on prepaid customers. My long held prediction is that Sprint eventually gets so weak that the government has no choice but to eventually approve a merger in 2020. Investors won't want to own Sprint in that scenario with T-Mobile being the big winner. Qualcomm (QCOM) - the stock is now surging above $80 on the Apple (AAPL) settlement. The exit of Intel (INTC) from the 5G race sets up Qualcomm to reclaim all of the Apple business and significantly weakens any competitive threat. At a $7+ EPS target, one might see $100 in the stock. Chipotle Mexican Grill (CMG) - the stock is back below $700. Do not buy this dip. Chipotle doesn't belong anywhere near all-time highs. Disclosure: Long QCOM, AAPL