reports
- Louis AZAIS
- Louis AZAIS
- Abhinav Davuluri
Qualcomm: Calm and Carrying On Amidst a Bevy of Hurdles with Solid 2Q ...
Qualcomm reported adequate fiscal second-quarter results amid ongoing legal challenges, the pending acquisition of NXP Semiconductors, and the recent successful defense against Broadcom’s hostile take-over bid. Despite the dark cloud that appears to be perpetually above Qualcomm, we continue to like the risk/reward balance for shares of narrow-moat Qualcomm relative to our unchanged $75 fair value estimate that assumes a 75% probability of Qualcomm completing its acquisition of NXP. We note th...
- Louis AZAIS
Short term view - QUALCOMM INC : The major resistance has been reached...
The previous low has been broken, the bearish trend is confirmed. The next target is at $48.00. The invalidation level is above $57.24.Arguments :- The support has been breached.- The major resistance has been reached, it causes the fall.- The moving average is capping prices.- The bearish gap opened as prices break out of the pattern announces a fall.
- Louis AZAIS
Analyse court terme - QUALCOMM INC : La résistance majeure est attein...
Le précédent creux vient d'être enfoncé, ceci confirme la tendance baissière. Le prochain objectif est à 48,00 $. Le niveau d'invalidation est au-dessus de 57,24 $.Arguments :- Le support est enfoncé.- La résistance majeure est atteinte, elle cause le repli.- La moyenne mobile sert de résistance.- Le gap baissier ouvert en sortie de figure annonce la baisse.
- Louis AZAIS
Medium term view - QUALCOMM INC : The support has been breached.
The trend is still neutral but within that interval prices could head towards the bottom of the range.Arguments :- The support has been breached.- The major resistance has been reached, it causes the fall.- Prices are breaking below the moving average.
- Louis AZAIS
Analyse moyen terme - QUALCOMM INC : Le support est enfoncé.
La tendance est toujours neutre, mais au sein de cet intervalle un mouvement de plus court terme se dessine vers le bas de la consolidation.Arguments :- Le support est enfoncé.- La résistance majeure est atteinte, elle cause le repli.- Les prix enfoncent la moyenne mobile.
- Louis AZAIS
Short term view - QUALCOMM INC : Measuring gap
The support has been broken, the trend becomes negative as we now have a succession of descending peaks and troughs.The next target is at $48.00. The invalidation level is above $61.40.Arguments :- The major support has been breached.- The moving average is capping prices.- The measuring gap, opened in the middle of the fall, reinforces the bearish trend.
- Louis AZAIS
Analyse court terme - QUALCOMM INC : Gap de continuation
Le support vient d'être enfoncé, la tendance devient négative puisque nous avons maintenant une succession de sommets et de creux descendants. Le prochain objectif est à 48,00 $. Le niveau d'invalidation est au-dessus de 61,40 $.Arguments :- Le support majeur est enfoncé.- La moyenne mobile sert de résistance.- Le gap baissier ouvert en milieu de mouvement renforce la tendance baissière.
- Louis AZAIS
Short term view - QUALCOMM INC : The moving average is capping prices.
The previous significant trough has been broken. The trend now is neutral. Should prices move back above this level, we would face a false signal.Arguments :- The resistance has been reached, it causes the fall.- The moving average is capping prices.
- Louis AZAIS
Analyse court terme - QUALCOMM INC : La moyenne mobile sert de résist...
Le précédent creux significatif ayant été enfoncé, la tendance est maintenant neutre. Si les cours réintégraient rapidement ce niveau, nous serions alors confrontés à un faux signal.Arguments :- La résistance est atteinte, elle cause le repli.- La moyenne mobile sert de résistance.
- Abhinav Davuluri
Nice 1Q Overshadowed By Softer Guidance for Best Idea Qualcomm; Shares...
Qualcomm reported first-quarter results consistent with our expectations, including robust top-line growth and operating margin expansion in the firm’s chip business, or QCT. Licensing disputes continued to undermine the firm’s royalty business, or QTL, as Apple and an additional previously disclosed licensee withheld royalties. We remain positive on Qualcomm’s progress in diversifying its QCT segment into non-smartphone areas and we also expect the firm to successfully defend the viabilit...
- Louis AZAIS
Medium term view - QUALCOMM INC : Weak reaction on resistance.
The trend remains neutral. Prices will have to break above the peak at $68.500 for the trend to be positive again with an invalidation level below $58.000.Arguments :- The reaction at the resistance is weak, we anticipate its break soon.
- Louis AZAIS
Analyse moyen terme - QUALCOMM INC : Faible réaction sur la résistan...
La tendance est toujours neutre. Il faut franchir le sommet à 68,500 $ pour que la tendance devienne positive avec une invalidation sous 58,000 $.Arguments :- La réaction sur la résistance majeure est faible, nous anticipons donc son franchissement prochain.
- Louis AZAIS
- Louis AZAIS
Analyse court terme - QUALCOMM INC : La moyenne mobile sert de support...
La tendance est toujours haussière, son niveau d'invalidation est sous 63,000 $. L'objectif est à 72,980 $.Arguments :- La moyenne mobile sert de support.- La réaction sur la résistance est faible, nous anticipons donc son franchissement prochain.
- Abhinav Davuluri
Despite Most Recent Fine Against Qualcomm, We Think Firm Will Be More ...
On Jan. 24, the European Commission levied a EUR 997.4 million (approximately $1.23 billion) fine against Qualcomm for its agreement with Apple concerning the pricing of modem chips. Specifically, the firm paid Apple to use its baseband processors exclusively in the latter’s devices. “Qualcomm illegally shut out rivals from the market for LTE baseband chipsets for over five years, thereby cementing its market dominance," Commissioner Margrethe Vestager said. "This meant that no rival could...
- Abhinav Davuluri
Despite a challenging fiscal 2017, Best Idea Qualcomm remains an appea...
Bloomberg and The Wall Street Journal reported late Nov. 3 that Broadcom is exploring an unsolicited acquisition of Best Idea Qualcomm in a deal that would be the largest, by far, in the history of the semiconductor industry. A subsequent Bloomberg update pinned the deal price at $70 per share, paid for with cash and stock, which implies that Broadcom will buy all of Qualcomm rather than simply the chip business. In our view, Broadcom's acquisition of Qualcomm's chip business, QCT, would make st...
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