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QCOM

Qualcomm

$65.59

-0.14 (-0.21%)

15:30
08/07/18
08/07
15:30
08/07/18
15:30

20K Qualcomm Sep 7th 55 - 60 put spreads trade at 30c

20K Qualcomm Sep 7th 55 - 60 put spreads trade at 30c. The stock down 23c to $65.50 and size matches a 20K block of Sep 7th 60 puts opened on 7/31. The block at that time was one leg of 10K Sep 7th 55 - 60 - 65 put butterfly spreads, with the stock at $63.90. It appears that the spread today covers the body (60 puts) and the lower wing (55 puts) while opening (selling) 10K Sep 7th 55 puts. If so, the adjustment leaves them long 10K Sep 55 - 65 put spreads, a bearish play that offers a max payout if shares drop 16% to $55 or worse over the next month.

QCOM Qualcomm
$65.59

-0.14 (-0.21%)

08/06/18
COWN
08/06/18
UPGRADE
COWN
Outperform
Qualcomm upgraded to Outperform from Market Perform at Cowen
08/06/18
MSCO
08/06/18
NO CHANGE
Target $80
MSCO
Underweight
Qualcomm China 5G-related RF position a threat to Skyworks, says Morgan Stanley
After speaking with a senior RF engineer at a "leading China OEM," Morgan Stanley analyst Craig Hettenbach said that, contrary to investor expectations, Qualcomm (QCOM) appears to be "in the driver seat" to win the majority of 5G-related RF content in the first wave of 5G capable phones in China. Qualcomm's traction in 5G RF can feed the bear case in Skyworks (SKWS) and Qorvo (QRVO), said Hettenbach, who lowered his target P/E multiple on Skyworks to reflect what he now sees as a more credible competitive threat from Qualcomm. Hettenbach lowered his price target on Skyworks to $80 from $87 and keeps an Underweight rating on the shares and he maintains an Equal Weight rating and $75 price target on Qorvo.
08/06/18
COWN
08/06/18
UPGRADE
Target $80
COWN
Outperform
Qualcomm upgraded to Outperform at Cowen
As reported previously, Canaccord analyst Matthew Ramsay upgraded Qualcomm to Outperform from Market Perform. The analyst noted the company's $30B buyback and believes the shares offer a compelling risk/reward with effects of lower spending, solid customer performance, and potential QTL resolutions. Ramsay raised his price target to $80 from $64 on Qualcomm shares.
08/06/18
08/06/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Comcast (CMCSA) upgraded to Overweight from Neutral at Atlantic Equities with analyst Hamilton Faber saying he believes "the bulk of the M&A storm" has passed. 2. Qualcomm (QCOM) upgraded to Outperform from Market Perform at Cowen with analyst Matthew Ramsay citing the company's $30B buyback and saying he believes the shares offer a compelling risk/reward with effects of lower spending, solid customer performance, and potential QTL resolutions. 3. Square (SQ) upgraded to Buy from Neutral at Buckingham with analyst Chris Brendler saying the Q2 strong results reduced his concerns about high valuation and competition and said there is no reason why Square will not continue to report better-then-expected core revenue growth into 2020. 4. Parker-Hannifin (PH) upgraded to Outperform from In Line at Evercore ISI with analyst David Raso saying the company's recent operational struggles are behind it with this quarters report and views 2019 guidance as conservative. 5. Intercept (ICPT) upgraded to Buy from Sell at Goldman Sachs with analyst Salveen Richter saying Ocaliva in fatty liver disease nonalcoholic steatohepatitis is the crux of Intercept's value proposition and that he's positive into the Phase 3 Regenerate interim readout in the first half of 2019. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ROKU

Roku

$40.62

-0.23 (-0.56%)

, AAPL

Apple

$177.31

0.21 (0.12%)

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AAPL

Apple

$177.31

0.21 (0.12%)

AMZN

Amazon.com

$1,522.82

27.22 (1.82%)

GOOG

Alphabet

$1,043.32

17.32 (1.69%)

GOOGL

Alphabet Class A

$1,049.65

18.43 (1.79%)

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PDD

Pinduoduo

$23.78

0.63 (2.72%)

15:30
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Put sellers in Pinduoduo as shares extend gains »

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AAPL

Apple

$177.75

0.65 (0.37%)

, AMZN

Amazon.com

$1,523.71

28.11 (1.88%)

15:29
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Periodicals
Apple weighed new connected TV 'dongle,' Information reports »

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AAPL

Apple

$177.75

0.65 (0.37%)

AMZN

Amazon.com

$1,523.71

28.11 (1.88%)

GOOG

Alphabet

$1,044.26

18.26 (1.78%)

GOOGL

Alphabet Class A

$1,050.29

19.07 (1.85%)

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TSRO

Tesaro

$43.63

1.15 (2.71%)

15:25
11/21/18
11/21
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15:25
Options
TESARO call volume above normal and directionally bullish »

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  • 03

    Dec

GME

GameStop

$13.72

1.42 (11.54%)

15:22
11/21/18
11/21
15:22
11/21/18
15:22
Recommendations
GameStop analyst commentary  »

GameStop sale of Spring…

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  • 29

    Nov

ESRX

Express Scripts

$95.91

0.61 (0.64%)

, CI

Cigna

$210.99

3.09 (1.49%)

15:18
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11/21
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Hot Stocks
NYDFS to hold hearing on Cigna deal for Express Scripts on December 7 »

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ESRX

Express Scripts

$95.91

0.61 (0.64%)

CI

Cigna

$210.99

3.09 (1.49%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
11/21/18
11/21
15:17
11/21/18
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
11/21/18
11/21
15:16
11/21/18
15:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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NUS

Nu Skin

$66.17

0.75 (1.15%)

15:14
11/21/18
11/21
15:14
11/21/18
15:14
Recommendations
Nu Skin analyst commentary  »

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QD

Qudian

$5.38

1.08 (25.12%)

15:10
11/21/18
11/21
15:10
11/21/18
15:10
Options
Call buyers in Qudian as shares rally 24% »

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  • 21

    Nov

HDSN

Hudson Technologies

$1.13

0.04 (3.67%)

15:04
11/21/18
11/21
15:04
11/21/18
15:04
Options
Hudson Technologies options imply 31.1% move in share price post-earnings, above median historical move »

Pre-earnings options…

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ABX

Barrick Gold

$13.52

0.5 (3.84%)

15:00
11/21/18
11/21
15:00
11/21/18
15:00
Options
Size Reverse/Conversion trade in Barrick Gold suggests stock replacement »

Size Reverse/Conversion…

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OIH

Oil Services Holders Trust

$18.87

0.37 (2.00%)

14:50
11/21/18
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14:50
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Options
Active trading in VanEck Vectors Oil Services 20-strike calls »

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AMZN

Amazon.com

$1,529.99

34.39 (2.30%)

14:50
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Periodicals
NYC officials say half of Queens Amazon jobs won't be in tech, WSJ says »

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  • 28

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SQM

SQM

$43.70

1.825 (4.36%)

14:49
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Options
SQM options imply 8.5% move in share price post-earnings, above median historical move »

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14:45
11/21/18
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General news
Treasury Closing Summary: »

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CBFV

CB Financial Services

$25.79

(0.00%)

14:42
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CB Financial Services increases dividend by 4.5% to 23c per share »

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BECN

Beacon Roofing

$32.94

4.87 (17.35%)

14:28
11/21/18
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Hot Stocks
CD&R Group to buy additional shares in Beacon Roofing »

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  • 13

    Dec

NTN

NTN Buzztime

$2.70

-0.1 (-3.57%)

14:26
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Hot Stocks
Northstar reports 10.33% stake in NTN Buzztime »

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14:23
11/21/18
11/21
14:23
11/21/18
14:23
Conference/Events
The U.S. Commodity Futures Trading Commission to hold a podcast »

The Commodity Futures…

RHHBY

Roche

$0.00

(0.00%)

, ABBV

AbbVie

$85.75

-2.35 (-2.67%)

14:18
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Hot Stocks
Roche announces FDA grants accelerated approval for Venclexta combo »

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RHHBY

Roche

$0.00

(0.00%)

ABBV

AbbVie

$85.75

-2.35 (-2.67%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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Technical Analysis
NASDAQ market internals summary »

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ABBV

AbbVie

$85.70

-2.4 (-2.72%)

, RHHBY

Roche

$0.00

(0.00%)

14:16
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Hot Stocks
AbbVie says FDA grants accelerated approval to Venclexta-azacitidine combo »

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ABBV

AbbVie

$85.70

-2.4 (-2.72%)

RHHBY

Roche

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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11/21
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Technical Analysis
NYSE market internals summary »

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WPP

WPP

$54.99

1.4 (2.61%)

14:15
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Periodicals
Martin Sorrell to poach senior executive from WPP, Sky News reports »

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  • 03

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