Qualcomm (QCOM) Offering Possible 15.21% Return Over the Next 9 Calendar Days

Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 15.21% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $4.34 would be incurred if the stock dropped below the $70.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Qualcomm is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Qualcomm is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Qualcomm

Qualcomm asks appeals court to pause antitrust ruling's impact
Tue, 09 Jul 2019 05:21:11 +0000
The filing with the 9th U.S. Circuit Court of Appeals came after U.S. District Judge Lucy Koh last week declined to put on hold her own ruling in a case brought by the U.S. Federal Trade Commission against the San Diego company, which is the largest supplier of modem chips that connect smartphones to wireless data networks. Koh ruled that Qualcomm had engaged in anticompetitive patent-licensing practices to keep a monopoly on the mobile chip market. Koh ordered Qualcomm to license its technology to rival chipmakers, which include firms like Taiwan's MediaTek Inc. Qualcomm has been fighting to have the ruling put on hold while it pursues an appeal, which could take more than year.

What’s Next in the US-China Trade War Saga?
Mon, 08 Jul 2019 17:42:33 +0000
Reportedly, the trade deal between the United States and China is 90% complete.

Can the Rally of Micron Stock Last?
Mon, 08 Jul 2019 16:59:23 +0000
The stock price of Micron (NASDAQ:MU) is prone to sudden explosive moves. Just look at the past month. During this period, Micron stock swung from $35.20 to its current price of close to $40.50.Source: Shutterstock The main reason for this, of course, is the lessening of tension between the U.S. and China on trade. There was, for example, a truce on tariffs as well as a backing off on the severe restrictions on Huawei, which is a huge buyer of U.S. technology. All this sparked a rally in the chip sector, boosting stocks of companies like Qualcomm (NASDAQ:QCOM) and Intel (NASDAQ:INTC).But for MU stock, the thawing of the trade war was particularly important. Keep in mind that a majority of its sales come from China.InvestorPlace – Stock Market News, Stock Advice & Trading TipsYet MU's quarterly announcement also boosted MU stock. Its earnings per share came in at $1.05, which beat analysts' average estimate by 27 cents. MU's top line beat expectations by about $100 million. * 7 A-Rated Stocks to Buy for the Rest of 2019 So all in all, the bull move of MU stock is based on encouraging fundamentals. But the big question is: Can the rally of Micron stock continue?Well, I'd be cautious on MU. First of all, it's important to note that – before the strong move of MU stock – sentiment towards MU was downright awful. In other words, any kind of good news would have likely sparked an acceleration of buying.Next, after drilling down further on the earnings report, it's clear that MU still has some nagging issues. During the quarter, its profit fell about 67% from the same period last year. There was also a grueling 38.6% plunge in its revenues to $4.79 billion.Unfortunately, it looks like these large declines will not be temporary. For the fiscal fourth quarter, MU expects its revenues to range from $4.3 billion to $4.7 billion, while the average estimate was for $4.9 billion. As for earnings per share, the company's estimate is for 38 cents to 52 cents a share. Analysts, on average, had forecast a more robust 78 cents.But that should not be a surprise. Europe and Asia are reporting decelerating growth. In fact, World Semiconductor Trade Statistics is projecting a 12% drop in chip sales across the globe this year.No doubt, the boom-bust cycle has been an essential part of the industry. But during the past few years, there has been talk that somehow this would no longer be the case because of non-cycical trends in categories like smartphones, IoT (Internet-of-Things), robotics, AR (Augmented Reality) and AI (Artificial Intelligence). But, as shown by the steep drop of MU's revenues, this notion looks far from realistic. Last quarter, there was weakness across all the major parts of the company's business.Interestingly enough, the latest M&A moves from Broadcom (NASDAQ:AVGO) also seems to invalidate the theory that the semiconductor sector has become non-cyclical. Last year, the company acquired software developer CA, and there's buzz that it will acquire Symantec (NASDAQ:SYMC). Does this aggressive effort to diversify signal that AVGO believes that the chip industry is headed for problems? The Bottom Line on MU StockIt would probably be a stretch to say that MU stock is headed for a big drop. Its cash flows remain high and it will probably continue to buy back Micron stock. The valuation of MU stock, which has a forward price-earnings ratio of eight or so, is also reasonable.Yet for now, it's probably best to hold off on buying Micron stock. It could get tougher for MU to churn out gains as its growth profile looks dicey.Tom Taulli is the author of the upcoming book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks to Buy for the Rest of 2019 * 7 Education Stocks to Buy for the Future of Academia * 5 Stocks to Buy as You Rebalance Your Portfolio The post Can the Rally of Micron Stock Last? appeared first on InvestorPlace.

Broadcom Makes Progress on Symantec Deal With Financing, Savings
Mon, 08 Jul 2019 13:13:17 +0000
(Bloomberg) — Broadcom Inc. has secured financing and identified cost savings for the acquisition of Symantec Corp. in an all-cash deal that could value the cybersecurity firm at more than $22 billion including debt, according to people familiar with the matter.The chipmaker received lending commitments from several banks and sees annual synergy potential of about $1.5 billion, said the people, who asked not to be identified because negotiations are private. An agreement could be reached around mid-July, though the talks could also still drag on or fall apart, the people said.The news sent shares of Symantec up 3.5% at $25.88 as of 11:21 a.m. in New York. The stock had rose by as much as 4.3% earlier on Monday.Separately, Symantec has drawn interest from its former chief executive officer, Greg Clark, who has teamed up with buyout firms Advent International and Permira Holdings in an attempt to muster a competing offer, said the people. The group so far has been unable to compete on price with Broadcom, making the pursuit a long shot, they said.Representatives for Broadcom, Symantec, Clark, and Permira were unavailable for comment. A representative for Advent declined to comment.OverstretchedA takeover of the Mountain View, California-based company would mark Broadcom’s second big bet in software, following its $18 billion purchase last year of CA Technologies. That transaction spurred some investors to express concern that CEO Hock Tan’s acquisition strategy was being stretched too far after playing a key role in consolidating in the $470 billion chip industry.That deal also came after San Jose, California-based Broadcom abandoned a hostile pursuit of rival chipmaker Qualcomm Inc., when U.S. President Donald Trump blocked the transaction citing national security risks.Symantec’s shares have gained 13% since July 3 after Bloomberg News first reported the takeover talks, giving the company a market value of about $15.5 billion. Broadcom has fallen about 4.3% in that period, valuing it at about $113 billion.Symantec plunged on May 10 after a soft forecast and the chief executive’s abrupt departure stoked investor concerns.(Updates with early trading in third paragraph.)\–With assistance from Kiel Porter.To contact the reporters on this story: Liana Baker in New York at lbaker75@bloomberg.net;Ed Hammond in New York at ehammond12@bloomberg.net;Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net, ;Matthew G. Miller at mmiller144@bloomberg.net, Liana BakerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

Is Broadcom (AVGO) a Step Closer to Acquiring Symantec?
Mon, 08 Jul 2019 13:11:01 +0000
Broadcom's (AVGO) expanding product portfolio positions it well to address the needs of rapidly growing technologies like IoT and 5G.

Be Sociable, Share!

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.