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CLOSING UPDATE: Qualcomm keeps rising: up 3.4% in 3 days 18 May 2018 18:13 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's NASDAQ market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Qualcomm, NASDAQ's largest wireless equipment company by market capitalisation, extended its gains on Friday, rising an additional 56.0c (or 1.0%) to trade at $US57.51. Trading volume was 80% of average at the end of the day. The shares have risen $US1.87 (or 3.4%) over the past three trading days vs. the NASDAQ-100 Index which has fallen 0.3% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 0.67 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price climbed 4.1% in the last week and 4.1% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Dividend yield of 4% [3.5%]

+ Return on Capital Employed 15.8% [11.9%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 21.9%.

+ Interest cover is less leveraged at 24 times.

+ Total Liabilities/EBITDA of 2.4 is comfortably below the Joseph Piotroski benchmark of <5.

+ Tobin's Q Ratio is 1.6. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 24.5% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ The Brand Value represents 3.3% of the estimated Enterprise Value of $US90.9 billion.

Note

Qualcomm today is at a discount of 17.0% to the 12-month high of $US69.28 on 24 Nov, 2017. It is at a premium of 18.4% to the 12-month low of $US48.56 on 26 Apr, 2018.

Bearish Signals:

The stock has underperformed 78% of the NASDAQ market over the past 6 months.

In the last three months the stock has hit a new 52-week low twice.

TODAY'S ALERT

Afternoon Alert: Qualcomm keeps rising: up 4.0% in 3 days

18 May 2018 13:20 EDT

QUALCOMM, Inc. (NASDAQ:QCOM) extended its gains on Friday, rising an additional 93.0c (or 1.6%) to trade at $US57.88. The shares have risen $US2.24 (or 4.0%) over the past three trading days vs. the NASDAQ-100 Index which has fallen 0.1% in the same period.

RECENT ALERTS

CLOSING UPDATE: Qualcomm increases further 0.1%, led Wireless equipment sector higher

17 May 2018 18:01 EDT

Qualcomm, NASDAQ's largest wireless equipment company by market capitalisation, has increased 0.4% to trade at $US56.95 vs. the Wireless equipment sector which strengthened 5.3 points (or 0.4%) to 1,413.6. Representing a weighting of about 85.9% of the sector, the stock accounted for 99.7% of today's gain. Trading volume was 73% of average at the end of the day. Compared with the NASDAQ-100 Index which fell 28.3 points (or 0.4%) in the day, this represented a relative price increase of 0.9%.

Afternoon Alert: Qualcomm increases 0.3%, leads Wireless equipment sector higher

17 May 2018 13:20 EDT

QUALCOMM, Inc. (NASDAQ:QCOM) has increased 0.3% to trade at $US56.89 vs. the Wireless equipment sector which strengthened 4.5 points (or 0.3%) to 1,412.8. Representing a weighting of about 85.9% of the sector, the stock accounted for 89.9% of today's gain. Trading volume was 89% of average so far today.

QUALCOMM, Inc. (O:QCOM)

ISIN: US7475251036

PermID: 4295907706

CIK: 804328

CUSIP: 747525103

Source: www.BuySellSignals.com