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QUALCOMM IncorporatedQUALCOMM IncorporatedQUALCOMM Incorporated

QUALCOMM Incorporated

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QCOM trade ideas

QCOM, enters monthly bullish trend. Expect Uptrend continuationQualcomm, Inc. (QCOM, $116.58) is predicted by Tickeron A.I.dvisor to grow by 4% to $121.24 or more within the next month. Keeping in mind similar previously-analyzed scenarios where the stock trended up during the month, the odds of an Uptrend continuation are 87%. Current price $115.85 is above $105.05 the highest support line found by Tickeron A.I. Throughout the month of 08/13/20 - 09/15/20, the price experienced a +3% Uptrend. During the week of 09/08/20 - 09/15/20, the stock enjoyed a +6% Uptrend growth. Bullish Trend Analysis The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 38 of 60 cases where QCOM's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%. The Aroon Indicator entered an Uptrend today. Tickeron A.I. shows that in 175 of 281 cases where QCOM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 62%. Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 84%. During the last month, the daily ratio of advancing to declining volumes was 1.22 to 1. The Tickeron Price Growth Rating for this company is 6 (best 1 - 100 worst), indicating outstanding price growth. QCOM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents. The Tickeron SMR rating for this company is 10 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock. The Tickeron Profit vs. Risk Rating rating for this company is 10 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock better than average. The Tickeron PE Growth Rating for this company is 18 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
NASDAQ:QCOMLong
by AlTorress
1
Qualcomm Surpasses Consensus Estimate; Posts 8% YoY EPS Growth IQualcomm Surpasses Consensus Estimate; Posts 8% YoY EPS Growth In Q3 themarketsignal.com The parabolic SAR of Qualcomm, Inc. (NASDAQ:QCOM) is $91.46 and QCOM is trading above this point. The stock appears bullish. Qualcomm has seen an upward trend throughout the week. This can be attributed to its Q3-2020 earnings, which surpassed expectations. Another key factor is its long-term agreement regarding a patent with Huawei. Qualcomm’s Q3-2020 non-GAAP earnings per share came in at $0.86, beating consensus estimate of $0.71. The EPS went up 8% on YoY basis. In the third quarter, the company generated $4.89 billion revenue versus $4.8 billion estimated. Revenues remained flat when compared with previous year. Qualcomm is eyeing benefits from 5G network in the months to come. It has also additionally issued stronger forecast for its next quarter.
NASDAQ:QCOM
by Sector_Reports
QCOM time to fly higher?Qualcomm expects to generate an estimated $1.8 billion in revenues. The company is poised to record royalty revenue from Huawei starting in its fourth fiscal quarter. Looking ahead, Qualcomm provided guidance for fourth-quarter adjusted revenue to be in a range of $5.5 billion and $6.3 billion, versus analysts’ estimates of $5.78 billion. EPS in the current quarter is forecast to be in a range of $1.05 to $1.25. The guidance includes an impact of greater than $0.25 reflecting the reduction in handset shipments as a result of COVID-19, including a partial impact from the delay of a 5G flagship phone launch, the company added. “As 5G continues to roll out, we are realizing the benefits of the investments we have made in building the most extensive licensing program in mobile and are turning the technical challenges of 5G into leadership opportunities and commercial wins,” said Qualcomm CEO Steve Mollenkopf. “We delivered earnings above the high end of our range, continued to execute in our product and licensing businesses and entered into a new long-term patent license agreement with Huawei, all of which position us well for the balance of 2020 and beyond.” Qualcomm said that during the third quarter of fiscal 2020, it returned $843 million to stockholders, including $733 million, or $0.65 per share, of cash dividends paid and $110 million through repurchases of 1.6 million shares of common stock. Shares in Qualcomm have recouped all of this year’s earlier losses and are now up almost 6% year-to-date.
NASDAQ:QCOMLong
by ShukriMahadi
2