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QCOM

Qualcomm

$57.90

0.71 (1.24%)

10:50
04/16/19
04/16
10:50
04/16/19
10:50

Premium selling in Qualcomm

Premium selling in Qualcomm. The stock up 24c to $57.42 and Apr 56 - 60 strangles trade across the exchanges at 35 and 36c, including 967 on ISE. A customer is selling the strangle, to close, according to ISEE data and a total of 7K on the tape. Trade history shows the position was probably opened earlier this month, including 2.1K for $1.25 on 4/3 with shares $57.68. The stock is little changed since that time and the long strangle is apparently being liquidated today, two days before expiration, to salvage the remaining time value.

  • 01

    May

QCOM Qualcomm
$57.90

0.71 (1.24%)

03/27/19
WELS
03/27/19
NO CHANGE
WELS
Market Perform
Wells Fargo sees Qualcomm action against Apple as further posturing for leverage
Wells Fargo analyst Aaron Rakers notes that shares of Apple (AAPL) were under pressure following the U.S. International Trade Commission issuing a final initial determination related to Qualcomm's (QCOM) patent claims against Apple. This is related to Apple's use of Intel (INTC) modems in some iPhone models, replacing Qualcomm, he notes. The analyst continues to view Qualcomm's actions against Apple as further posturing for leverage as it relates to the companies' separate license royalty dispute. Rakers would expect Apple to appeal the ruling. He reiterates a Market Perform rating on Apple's shares.
03/27/19
MSCO
03/27/19
NO CHANGE
MSCO
Morgan Stanley still unsure who will have upper hand in Qualcomm, Apple fight
Morgan Stanley analyst James Faucette called yesterday a "modestly good one" for Qualcomm (QCOM) in terms of its legal fight with Apple (AAPL), though he calls the final ruling on ITC case #1 for patent '490 "confusing." Also "somewhat confusingly," the ITC issued its preliminary findings in a separate case, which he calls case #2. That ruling was an "unequivocal positive" for Qualcomm, though its magnitude is uncertain. Following the mixed developments in the ITC cases, Faucette said he still doesn't know who will have the upper hand, though he expects these and other upcoming rulings will ultimately push Qualcomm and Apple to a reconciliation. However, unless there is strong demand for 5G phones during 2019, Apple may be willing to bide its time and not seek a full resolution during this year, Faucette concluded.
03/27/19
03/27/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Qualcomm (QCOM) initiated with a Neutral at JPMorgan. 2. Occidental Petroleum (OXY) initiated with a Perform at Oppenheimer. 3. Boeing (BA) resumed with a Buy at Citi. 4. Square (SQ) initiated with an Outperform at Macquarie. 5. Frontdoor (FTDR) initiated with an Outperform at William Blair. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/04/19
ARGS
04/04/19
NO CHANGE
Target $85
ARGS
Buy
Qualcomm CFO exit immaterial, says Argus
Argus analyst Jim Kelleher is keeping his Buy rating and $85 price target on Qualcomm (QCOM), saying the latest announcement that its CFO George Davis is stepping down to join Intel (INTC) is immaterial and a "side show". The analyst sees the real "main event" risk with the company's upcoming trial this month in a dispute with Apple (AAPL), which has alleged that Qualcomm's licensing model is illegal. Kelleher contends however that Qualcomm's licensing model has "repeatedly been validated" and the company has "withstood multiple legal challenges over the past two decades".

TODAY'S FREE FLY STORIES

14:00
04/25/19
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14:00
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14:00
General news
Treasury Action: the market has eroded slightly »

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CLB

Core Laboratories

$66.31

-6.595 (-9.05%)

13:51
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AVP

Avon Products

$3.13

0.175 (5.92%)

13:49
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Periodicals
Natura said to be in advanced talks to acquire Avon, Valor Economico says »

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DLPH

Delphi Technologies

$22.60

-2 (-8.13%)

13:45
04/25/19
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Options
Delphi call volume above normal and directionally bullish »

Bullish option flow…

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  • 02

    May

ADTN

Adtran

$17.39

-0.38 (-2.14%)

13:40
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04/25
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Earnings
Adtran VP Roger Shannon sold over $100K in company shares »

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AVYA

Avaya

$20.22

0.895 (4.63%)

13:34
04/25/19
04/25
13:34
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Periodicals
Mitel offering to combine with Avaya in stock deal worth over $2B, WSJ says »

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  • 15

    May

TECK.B

Teck Corp.

$0.00

(0.00%)

13:34
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04/25
13:34
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13:34
Conference/Events
Teck Corp. management to meet with B.Riley FBR »

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  • 30

    Apr

CWT

California Water Service

$49.43

-0.57 (-1.14%)

13:32
04/25/19
04/25
13:32
04/25/19
13:32
Upgrade
California Water Service rating change  »

California Water Service…

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  • 25

    Apr

BHC

Bausch Health

$23.18

0.16 (0.70%)

13:30
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04/25
13:30
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13:30
Hot Stocks
Breaking Hot Stocks news story on Bausch Health »

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  • 06

    May

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    May

AVYA

Avaya

$20.20

0.875 (4.53%)

13:28
04/25/19
04/25
13:28
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13:28
Periodicals
Mitel offers to combine with Avaya in stock deal, WSJ says »

Mitel's bid values…

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  • 15

    May

CLVS

Clovis

$19.43

-0.4 (-2.02%)

13:25
04/25/19
04/25
13:25
04/25/19
13:25
Options
Clovis call volume above normal and directionally bullish »

Bullish option flow…

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  • 07

    May

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    May

AGN

Allergan

$140.66

0.98 (0.70%)

, TEVA

Teva

$15.07

0.065 (0.43%)

13:25
04/25/19
04/25
13:25
04/25/19
13:25
Conference/Events
Piper Jaffray specialty pharma analysts to hold analyst/industry conference call »

Specialty Pharmaceuticals…

AGN

Allergan

$140.66

0.98 (0.70%)

TEVA

Teva

$15.07

0.065 (0.43%)

ALDR

Alder Biopharmaceuticals

$13.95

0.29 (2.12%)

AMGN

Amgen

$179.82

1.56 (0.88%)

BHVN

Biohaven Pharmaceutical

$62.30

-0.855 (-1.35%)

LLY

Eli Lilly

$117.99

(0.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 05

    Jun

ZM

Zoom Video

$64.49

1.175 (1.86%)

13:21
04/25/19
04/25
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13:21
Hot Stocks
Zoom, Slack announce new partnership »

Zoom and Slack have…

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BHC

Bausch Health

$23.18

0.16 (0.70%)

13:21
04/25/19
04/25
13:21
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13:21
Hot Stocks
Bausch Health announces FDA approval of Duobrii for plaque psoriasis »

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  • 06

    May

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
04/25/19
04/25
13:17
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13:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
04/25/19
04/25
13:16
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13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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BA

Boeing

$382.62

7.3 (1.95%)

13:16
04/25/19
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Boeing analyst commentary at Bernstein »

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  • 29

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BA

Boeing

$382.62

7.3 (1.95%)

13:15
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Periodicals
FAA targeting May 23 for meeting over 737 MAX changes, Aviation Week says »

The FAA is targeting May…

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13:12
04/25/19
04/25
13:12
04/25/19
13:12
General news
7-Yr Note Auction Coupon Rate data reported »

7-Yr Note Auction Coupon…

13:12
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13:12
General news
7-Yr Note Auction Total Amount data reported »

7-Yr Note Auction Total…

RSG

Republic Services

$79.29

-0.01 (-0.01%)

13:10
04/25/19
04/25
13:10
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13:10
Options
Upside call buys in Republic Services ahead of earnings »

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LUV

Southwest

$54.00

1.08 (2.04%)

13:06
04/25/19
04/25
13:06
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13:06
Hot Stocks
Breaking Hot Stocks news story on Southwest »

Southwest continues to…

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LUV

Southwest

$54.00

1.08 (2.04%)

, BA

Boeing

$379.25

3.93 (1.05%)

13:06
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04/25
13:06
04/25/19
13:06
Hot Stocks
Southwest expects FY19 capacity to increase 2%-3% y-o-y »

Says continues to have…

LUV

Southwest

$54.00

1.08 (2.04%)

BA

Boeing

$379.25

3.93 (1.05%)

03/08/13
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BUD

AB InBev

$86.38

-1.82 (-2.06%)

13:05
04/25/19
04/25
13:05
04/25/19
13:05
Options
Anheuser Busch call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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  • 25

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13:05
04/25/19
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13:05
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13:05
General news
FX Action: USD-CAD »

FX Action: USD-CAD…

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