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QCOM

Qualcomm

$68.13

1.36 (2.04%)

10:24
12/01/16
12/01
10:24
12/01/16
10:24

Qualcomm falls, may break uptrend support

The shares were last down over 4.2% to $65.21. At that price there is a high probability that the uptrend line at the $65 area could be broken on the downside. That line has been in place since February. A break of the uptrend support line would be a technical negative for future price indicating a reversal of upward momentum. Support below $65 would be at $64. Resistance is at $65.84.

  • 13

    Mar

QCOM Qualcomm
$68.13

1.36 (2.04%)

11/10/16
11/10/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Comerica (CMA) downgraded to Neutral from Outperform at Baird with analyst David George saying he sees a more balanced risk/reward as the company is already getting significant credit for earnings leverage from its efficiency program. 2. Qualcomm (QCOM) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst James Faucette saying Qualcomm's valuation adequately reflects incremental smartphone opportunities and NXP Semiconductor (NXPI) contribution. 3. CSX (CSX) downgraded to Market Perform from Outperform at BMO Capital with analyst Fadi Chamoun saying the company will be hurt in the near-term by "an over-supplied trucking market," while its cost savings are expected to decelerate next year and macro economic trends will become less favorable to the company. 4. SolarEdge (SEDG) downgraded to Market Perform from Outperform at JMP Securities, to Market Perform from Outperform at FBR Capital, and to Neutral from Buy at Roth Capital. 5. Capitala Finance (CPTA) downgraded to Perform from Outperform at Oppenheimer and to Neutral from Buy at Ladenburg. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/22/16
MKMP
11/22/16
NO CHANGE
MKMP
Buy
MKM Partners raises NVIDIA, AMD price targets on inflecting semi opportunities
MKM Partners analyst Ian Ing raised his price target for NVIDIA (NVDA) to $106 from $87, saying that thematic attention is heating up as large suppliers are crowding into artificial intelligence as an investment theme with non-GPU solutions. While other suppliers may be able to come up with better performance-for-power in certain use cases, he believes NVIDIA GPUs still have user stickiness with developer incumbency and easy-to-use tools that will be difficult to overcome. The analyst also raised his price target for AMD (AMD) to $10.50 from $8 to reflect improved prospects for the company driven by new product pipeline. Although Ian expects AMD to be a relatively minor player, its shares are helped by continued A.I. headlines and NVIDIA, Intel (INTC), and Qualcomm (QCOM) turning increasingly vocal on the opportunity. He reiterates a Buy rating on NVIDIA and AMD shares.
11/28/16
BOFA
11/28/16
NO CHANGE
BOFA
Qualcomm removed from US 1 List at BofA/Merrill
BofA/Merrill removed Qualcomm from the US 1 List due to termination of its 12 month term.
11/29/16
OTRG
11/29/16
NO CHANGE
OTRG
Qualcomm's lead in 4G widened in Q4, says OTR Global

TODAY'S FREE FLY STORIES

LULU

lululemon

$57.24

0.12 (0.21%)

11:22
12/07/16
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Earnings
On The Fly: What to watch in lululemon earnings report »

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11:20
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General news
Treasury Option Action: a rash of put selling in the belly »

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ABT

Abbott

$37.67

-0.75 (-1.95%)

, ALR

Alere

$39.65

-0.21 (-0.53%)

11:19
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Hot Stocks
Abbott seeks to terminate Alere deal, citing loss of value since agreement »

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ABT

Abbott

$37.67

-0.75 (-1.95%)

ALR

Alere

$39.65

-0.21 (-0.53%)

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  • 07

    Dec

$NYE

NYSE Market Internals

11:16
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Technical Analysis
NYSE market internals summary »

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$NSD

NASDAQ Market Internals

11:16
12/07/16
12/07
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Technical Analysis
NASDAQ market internals summary »

Volume is light for this…

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11:15
12/07/16
12/07
11:15
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11:15
Conference/Events
JPMorgan life sciences analyst holds an analyst/industry conference call »

Life Science Tools and…

ABT

Abbott

$37.63

-0.79 (-2.06%)

, ALR

Alere

$39.67

-0.19 (-0.48%)

11:15
12/07/16
12/07
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11:15
Hot Stocks
Breaking Hot Stocks news story on Abbott, Alere »

Abbott files complaint to…

ABT

Abbott

$37.63

-0.79 (-2.06%)

ALR

Alere

$39.67

-0.19 (-0.48%)

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  • 07

    Dec

ALR

Alere

$39.70

-0.1601 (-0.40%)

11:13
12/07/16
12/07
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11:13
Hot Stocks
Breaking Hot Stocks news story on Alere »

Alere trading halted,…

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11:11
12/07/16
12/07
11:11
12/07/16
11:11
Conference/Events
JPMorgan pharmaceuticals major/specialty holds analyst/industry conference call »

Pharmaceuticals--Major…

IWM

iShares Trust Russell 2000 Index Fund

$134.66

0.07 (0.05%)

11:10
12/07/16
12/07
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Options
Put spread in iShares Russell 2000 closes position opened Nov 17th »

Put spread in iShares…

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IDCC

InterDigital

$82.40

1.05 (1.29%)

11:08
12/07/16
12/07
11:08
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11:08
Downgrade
InterDigital rating change  »

InterDigital downgraded…

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11:07
12/07/16
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Conference/Events
JPMorgan U.K. utilities analyst holds an analyst/industry conference call »

U.K. Utilities Analyst…

HAIN

Hain Celestial

$39.20

-0.03 (-0.08%)

, NSRGY

Nestle

$67.79

0.09 (0.13%)

11:06
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Hot Stocks
Hain Celestial names Gary Tickle COO »

The Hain Celestial Group…

HAIN

Hain Celestial

$39.20

-0.03 (-0.08%)

NSRGY

Nestle

$67.79

0.09 (0.13%)

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11:02
12/07/16
12/07
11:02
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11:02
Conference/Events
JPMorgan metals, mining & steel analysts hold analyst/industry conference call »

Metals, Mining &…

AVT

Avnet

$47.09

0.4 (0.86%)

11:00
12/07/16
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Hot Stocks
Avnet enters collaboration with Micro Focus »

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SPGI

S&P Global

$113.07

-0.5 (-0.44%)

11:00
12/07/16
12/07
11:00
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Conference/Events
JPMorgan Brazilian Ethanol analysts hold an analyst/industry conference call »

Analysts, along with…

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  • 07

    Dec

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    Dec

  • 14

    Dec

MT

ArcelorMittal

$8.49

0.145 (1.74%)

11:00
12/07/16
12/07
11:00
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Options
Arcelor Mittal calls active as shares reach 52-week highs »

Arcelor Mittal calls…

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10:55
12/07/16
12/07
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Conference/Events
The SEC to hold a committee meeting »

Advisory Committee on…

XRX

Xerox

$9.73

0.43 (4.62%)

10:52
12/07/16
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Technical Analysis
Xerox rallies sharply on very heavy volume, levels to watch »

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  • 07

    Dec

WDC

Western Digital

$63.85

1.76 (2.83%)

, MU

Micron

$19.06

0.45 (2.42%)

10:52
12/07/16
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Brean Capital leads bullish analysts in upping Western Digital targets »

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WDC

Western Digital

$63.85

1.76 (2.83%)

MU

Micron

$19.06

0.45 (2.42%)

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  • 07

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CAVM

Cavium

$61.47

4.41 (7.73%)

10:51
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Conference/Events
Cavium management to meet with Canaccord »

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  • 08

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ARI

Apollo Commercial

$17.61

0.1 (0.57%)

10:50
12/07/16
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Conference/Events
Apollo Commercial management to meet with JMP Securities »

Meeting to be held in the…

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  • 08

    Dec

FTNT

Fortinet

$29.93

-0.29 (-0.96%)

10:50
12/07/16
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Options
Bullish flow in Fortinet includes a three-way spread »

Bullish flow in Fortinet…

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  • 12

    Dec

MAR

Marriott

$82.08

1.08 (1.33%)

10:49
12/07/16
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Hot Stocks
Marriott's Luxury Collection announces five openings across Europe »

The Luxury Collection,…

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AI

Arlington Asset Investment

$16.57

-0.02 (-0.12%)

10:48
12/07/16
12/07
10:48
12/07/16
10:48
Conference/Events
Arlington Asset Investment management to meet with JMP Securities »

Meeting to be held in New…

03/08/13
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  • 08

    Dec

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