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How to Protect your Wealth by Investing in AI Tech Stocks

QUALCOM QCOM Earnings - Buy the Rumour Sell the News

Companies / Tech Stocks Feb 06, 2023 - 10:47 PM GMT

By: Nadeem_Walayat

Companies

QUALCOM - $131, EGF -13%, EGF12M -12%. PE 10.5

And last but not least is Qualcom - Qualcom has a finger in so many pies, will power META's Quest 3 headsets and beyond and for all that it trades on multiple of just 10.5, bouncing off a low of $107. EGF's are negative so I don't expect positive earnings, though in the plus side pays a 2.5% dividend. Qualcom is comparable to AMD though at near half the valuation. The stock just cleared resistance which means it could be propelled higher to $150, a rally that I would embrace to trim on. I am 112% invested and don't fret about it's long-term prospects, it will come good in the long-run regardless of any gyrations over the coming months, a good stock to accumulate on the dips.


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By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2023 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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