#7 - Qualcomm (NASDAQ:QCOM)
Qualcomm (NASDAQ: QCOM) - Does Qualcomm know something that other investors don’t? A $30 billion share buyback has investors saying yes. The company’s stock fell dramatically after their bid to merge with NXP Semiconductor fell through. However, investors seem to see the stock buyback as a reason to buy. In response, shares have advanced 40% in recent months only to see them get punished again as all tech stocks declined in October and the company had a lackluster earnings report. But Qualcomm does have some metrics in its favor. It has a licensing franchise on 3G and 4G patents that can provide the company with a predictable and hefty cash flow for the foreseeable future. And although it faces increased competition, the market for 5G is looking like it will also be favorable. Most notably, Qualcomm has been embroiled I litigation with Apple. This looks to be trending in Qualcomm’s favor. No matter what happens, a mere resolution would help stabilize the struggling stock. But if investors are looking for an immediate reason to buy, they can look at a 4.5% dividend yield.
About QUALCOMM
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.
Read More - Current Price
- $170.13
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 15 Buy Ratings, 10 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $211.67 (24.4% Upside)
Santa Claus may be coming to Wall Street, but the news may not be jolly for every stock. However, when investors are looking for stocks that show a strong potential to post gains into 2019, these seven stocks should receive strong consideration. For these stocks, it looks like the bad news has already been factored into their stocks. In fact, for almost all of these stocks, their stock price is currently trading at levels that are virtually screaming buy.
From e-commerce and tobacco to oil and gas and technology, these stocks spread joy across a variety of sectors. To be sure, the market remains an uncertain place. And that uncertainty will continue into 2019. But every market presents opportunities, and this market is no different. These seven stocks have had some lumps of coal put in their stocking and they appear to be ready to deliver sweet rewards to investors who are savvy enough to snap them up.
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