Qualcomm (QCOM) Offering Possible 53.85% Return Over the Next 23 Calendar Days

Qualcomm's most recent trend suggests a bullish bias. One trading opportunity on Qualcomm is a Bull Put Spread using a strike $160.00 short put and a strike $155.00 long put offers a potential 53.85% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $160.00 by expiration. The full premium credit of $1.75 would be kept by the premium seller. The risk of $3.25 would be incurred if the stock dropped below the $155.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Qualcomm is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Qualcomm is bullish.

The RSI indicator is at 72.75 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

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LATEST NEWS for Qualcomm

Auto tech firm Veoneer inks collaboration deal with Qualcomm, shares rise
Tue, 26 Jan 2021 07:57:44 +0000
Automotive technology firm Veoneer and U.S. chip giant Qualcomm have signed a collaboration deal to develop a software and chip platform for advanced driver assistance systems, Veoneer said on Tuesday. Veoneer, which also makes radars and vision systems, said it had formed Arriver, a dedicated software unit for the development of the complete perception and drive policy software stack. “Today's agreement with Qualcomm Technologies and the creation of Arriver are key milestones in Veoneer's development,” Veoneer CEO Jan Carlson said in a statement.

Auto tech firm Veoneer inks collaboration deal with Qualcomm
Tue, 26 Jan 2021 07:54:40 +0000
Automotive technology firm Veoneer and U.S. chip giant Qualcomm have signed a collaboration deal to develop a software and chip platform for advanced driver assistance systems, Veoneer said on Tuesday. Veoneer said on Tuesday it had formed Arriver, a dedicated software unit for the development of the complete perception and drive policy software stack. “Today's agreement with Qualcomm Technologies and the creation of Arriver are key milestones in Veoneer's development,” Veoneer CEO Jan Carlson said in a statement.

7 Undervalued Stocks That Could Perk Up Under Democratic Leadership
Fri, 22 Jan 2021 19:51:02 +0000
Investors and non-investors alike admire Warren Buffett’s extraordinary success in the business world. One of the key strategies the Oracle of Omaha follows is to buy stocks when they are trading at sale prices. That is to say, undervalued stocks. Buffett and his team hunt for these, since sound stocks under pressure will reward holders when the prices recover. When it comes to not paying too much, most of us already do that in our daily lives. Before most folks buy a car, they research its value. Even if it’s not a complete match, the information provides an indication. The more research the buyer does ahead of time, the better. Applying this approach to identify undervalued stocks can become automatic for investors. All it takes is patience and practice.InvestorPlace – Stock Market News, Stock Advice & Trading Tips 7 Great Sub-$20 Stocks to Buy After Inauguration Day Here are 7 undervalued stocks that could perk up under Democratic leadership: Apple (NASDAQ:AAPL) Alibaba (NYSE:BABA) General Motors (NYSE:GM) Allstate (NYSE:ALL) Cisco Systems (NASDAQ:CSCO) Qualcomm (NASDAQ:QCOM) Lockheed Martin (NYSE:LMT) With the transition of power to President Biden, we can expect a serious shift in domestic policy over the years to come. These companies are well positioned to profit. Undervalued Stocks: Apple (AAPL) Source: WeDesing / Shutterstock.com Surprised to see one of the most valuable companies in the world on this list? Well, don’t be. The stock market doesn’t appraise stocks solely by how much money the company has in its accounts around the world. Many analysts agree that the value of AAPL stock is more than current prices. Moreover, there are compelling reasons to own this stock. Yes, Apple has very deep pockets. But it also has a stable of attractive products that have an impressively loyal following. Many of those fans are expected to trade their older iPhones for Apple’s latest version. This smartphone will also allow users to access the 5G communication networks being installed across the country. InvestorPlace writer Tyler Craig recently explained why Apple is an attractive to stock to buy. Alibaba (BABA) Source: Nopparat Khokthong / Shutterstock.com Alibaba is a massive company engaged in e-commerce and cloud services. This company is an increasingly diversified operation. But its share price is dampened at present. The United States and China have been in a trade war for much of the last four years. A recent volley was a threat to delist several China-based companies from U.S. exchanges. Additionally, recent legislation aims to force Chinese companies to meet U.S. audit guidelines to remain on U.S. exchanges. Although investors need to monitor geopolitical currents, I agree with my InvestorPlace colleague Wayne Duggan that Alibaba won’t be delisted here. He writes in a recent article that too many leading U.S. institutions are heavily invested in BABA stock for that to happen. 7 Great Sub-$20 Stocks to Buy After Inauguration Day Alibaba is a well-run company serving a growing market. It’s a clear buy on the dip. General Motors (GM) Source: Katherine Welles / Shutterstock.com U.S. automakers have been in a slump for a while now, including General Motors. As a result, share prices are depressed. But the company, which restructured under bankruptcy protection during the Great Recession, was nimble enough to continue its forward-look even during the novel coronavirus pandemic. This work has GM on the cusp of several electric vehicles. Yes, this legacy automaker is poised to compete with names more associated with EVs, such as Elon Musk’s pioneering Tesla (NASDAQ:TSLA). In fact, GM is accelerating its schedule for launching EVs. The company plans on having 30 EV models by 2025, according to Car and Driver magazine. This means investors can buy shares of an undervalued-yet-established company competing in the EV revolution. Allstate (ALL) Source: thodonal88 / Shutterstock.com Next on our list of undervalued stocks is Allstate, a leading insurance company in the U.S. since it was launched by Sears back in 1931. Thanks to the company’s consistent advertising, Allstate enjoys tremendous name recognition. And luckily for Allstate, the company was spun off by Sears in the mid-90s and was spared a slow death by the parasites that ruined Sears. Allstate is known for customer service and a large network of agents. These days, however, ALL stock is on sale. It’s trading below price targets set by several analysts who follow the Illinois-based company. Nevertheless, the company has been performing well. Earnings per share for Q4 are projected to be $3.69, compared to $2.94 reported by the company in Q3. The median price target by analysts is $122.50 per share, which is about 13% more than ALL’s current prices around $108. 7 Great Sub-$20 Stocks to Buy After Inauguration Day In addition, ALL stock currently pays a dividend of about 1.99%. Undervalued Stocks: Cisco Systems (CSCO) Source: Valeriya Zankovych / Shutterstock.com Network specialist Cisco Systems, the world’s largest hardware and software provider, is trading below the average price target of $49 set by analysts who follow the company, per Tipranks., CSCO stock is rated a “buy” or “hold.” CSCO stock is poised to rise once the global economy regains momentum interrupted by the global pandemic. The company enjoys a significant protective moat and is an attractive stock to own in a long-term portfolio. CSCO also pays a 3.17% dividend. Looking ahead, Cisco is poised to deliver improved performance with earnings per share forecast to increase more than 6% for 2021. A likely key tailwind is the aftermath of the SolarWinds (NYSE:SWI) hacking scandal revealed in late 2020. Cisco is seeing an increase in its business as companies look elsewhere. Cisco’s network software is an important alternative to the Solar Winds product. In general, Cisco is viewed as a stable entry in a volatile stock market. And, as InvestorPlace contributor Faizan Farooque recently noted, “Cisco’s firewall and software-defined security products are more relevant than ever.” Qualcomm (QCOM) Source: Xixi Fu / Shutterstock.com Another tech company making our undervalued stocks list is semiconductor and software creator Qualcomm. QCOM stock is one to watch as the company also is poised for a strong year. One reason: 5G. Qualcomm makes chip components that are key to 5G operations. And investors know that we are in the midst of a global 5G telecommunications rollout. A Motley Fool columnist recently wrote that Qualcomm also is attractive because the demand for its 5G chipset is expecting to increase. He also said the company’s valuation “does not reflect the opportunity.” 7 Great Sub-$20 Stocks to Buy After Inauguration Day Also, the 5G conversion likely is not tied to performance of the global economy. Put another way, the rollout is expected to continue regardless. The world is ready to embrace the improvements offered in the 5th Generation. Undervalued Stocks: Lockheed Martin (LMT) Source: Ken Wolter / Shutterstock.com Defense contractor Lockheed Martin is the final company on our list of undervalued stocks. The company is positioned to benefit from strong demand for its F-35 and F-16 fighter jets as well as its missiles and other defense and aerospace products. Lockheed reported strong Q3 numbers in October, when earnings beat estimates by 18 cents. Its EPS rose 24% over the last three years. Aerospace operations are expected by some analysts to be the area for fastest growth. In addition to expected strong demand for its defense products, LMT stock holds appeal because of its dividend yield of nearly 3%. This beats many income stocks. Writing in InvestorPlace recently, Bob Ciura recently described Lockheed Martin as “a top blue-chip stock for dividend growth investors, as well as the rare security that sidesteps the typical growth versus value tradeoff.” On the date of publication, Larry Sullivan held a long position in AAPL. Larry Sullivan is a veteran journalist in Florida who has covered banking and finance for several years. He is a former investing editor at U.S. News & World Report in Washington D.C. and began writing for InvestorPlace in 2020. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post 7 Undervalued Stocks That Could Perk Up Under Democratic Leadership appeared first on InvestorPlace.

15 Biggest VR Companies in the World
Fri, 22 Jan 2021 18:31:42 +0000
In this article, we are going to list the 15 biggest VR companies in the world. Click to skip ahead and jump to the 5 biggest VR companies in the world. Virtual Reality (VR) is defined as a computer-generated simulation in which a person can interact within an artificial three-dimensional environment using electronic devices such as a […]

Samsung Considers $10 Billion Texas Chipmaking Plant, Sources Say
Fri, 22 Jan 2021 16:49:19 +0000
(Bloomberg) — Samsung Electronics Co. is considering spending more than $10 billion building its most advanced logic chipmaking plant in the U.S., a major investment it hopes will win more American clients and help it catch up with industry leader Taiwan Semiconductor Manufacturing Co.The world’s largest memory chip and smartphone maker is in discussions to locate a facility in Austin, Texas, capable of fabricating chips as advanced as 3 nanometers in the future, people familiar with the matter said. Plans are preliminary and subject to change but for now the aim is to kick off construction this year, install major equipment from 2022, then begin operations as early as 2023, they said. While the investment amount could fluctuate, Samsung’s plans would mean upwards of $10 billion to bankroll the project, one of the people said.Samsung is taking advantage of a concerted U.S. government effort to counter China’s rising economic prowess and lure back home some of the advanced manufacturing that over the past decades has gravitated toward Asia. The hope is that such production bases in the U.S. will galvanize local businesses and support American industry and chip design. Intel Corp.’s troubles ramping up on technology and its potential reliance in the future on TSMC and Samsung for at least some of its chipmaking only underscored the extent to which Asian giants have forged ahead in recent years.The envisioned plant will be its first in the U.S. to use extreme ultraviolet lithography, the standard for next-generation silicon, the people said, asking not to be identified talking about internal deliberations. Asked about plans for a U.S. facility, Samsung said in an email no decision has yet been made.“If Samsung really wants to realize its goal to become the top chipmaker by 2030, it needs massive investment in the U.S. to catch up with TSMC,” said Greg Roh, senior vice president at HMC Securities. “TSMC is likely to keep making progress in process nodes to 3nm at its Arizona plant and Samsung may do the same. One challenging task is to secure EUV equipment now, when Hynix and Micron are also seeking to purchase the machines.”Read more: Intel Talks With TSMC, Samsung to Outsource Some Chip ProductionIf Samsung goes ahead, it would effectively go head-to-head on American soil with TSMC, which is on track to build its own $12 billion chip plant in Arizona by 2024. Samsung is trying to catch TSMC in the so-called foundry business of making chips for the world’s corporations — a particularly pivotal capability given a deepening shortage of semiconductors in recent weeks.Under Samsung family scion Jay Y. Lee, the company has said it wants to be the biggest player in the $400 billion chip industry. It plans to invest $116 billion into its foundry and chip design businesses over the next decade, aiming to catch TSMC by offering chips made using 3-nanometer technology in 2022.It already dominates the market for memory chips and is trying to increase its presence in the more profitable market for logic devices, such as the processors that run smartphones and computers. It already counts Qualcomm Inc. and Nvidia Corp. as customers, companies that historically relied on TSMC exclusively. It has two EUV plants, one near its main chip site in Hwaseong, south of Seoul, and another coming online nearby at Pyeongtaek.To close a deal, Samsung may need time to negotiate potential incentives with U.S. President Joe Biden’s administration. The company has hired people in Washington D.C. to lobby on behalf of the deal and is ready to go ahead with the new administration in place, the people said. Tax benefits and subsidies will ease Samsung’s financial burden, but the company may go ahead even without major incentives, one of the people said.Samsung has been looking into overseas chipmaking for years. Intensifying trade tensions between the U.S. and China and now Covid-19 are stoking uncertainty over the reliability and economics of the global supply chain. Plants in the U.S. could help the Korean chipmaker strike better deals with key clients in the U.S., particularly in competition with TSMC.From Microsoft Corp. to Amazon.com Inc. and Google, the world’s largest cloud computing firms are increasingly designing their own silicon to power their vast data centers more efficiently. All need manufacturers like TSMC or Samsung to turn their blueprints into reality.Samsung’s U.S. branch purchased land in October next to its existing Austin fab, which is capable of running older processes. The Austin City Council held a meeting in December to discuss Samsung’s request to rezone that parcel of land for industrial development, according to meeting minutes.The Korean company’s existing Texas facility is too small to to meet increasing orders for outsourced chips coming from Qualcomm, Intel and Tesla, according to research by Citibank. Intel in particular is likely to funnel more orders toward Samsung to offset any reliance on TSMC for its foundry needs, the brokerage said in a report.Late Thursday, Intel’s incoming Chief Executive Officer Pat Gelsinger told investors he was likely to keep most production of the company’s best processors in-house and that the delayed introduction of new manufacturing technology was showing signs of improving. Still, his comments disappointed some investors who have been lobbying for more outsourcing by the world’s largest chipmaker. Intel shares dropped as much as 9% in New York trading Friday, the most since October. Rival Advanced Micro Devices Inc., which relies on TSMC for production, gained as much as 4.8%.Read more: Samsung Intensifies Chip Wars With Bet It Can Catch TSMC by 2022Some analysts question Samsung’s ability to carve out a significant share of a market dominated by TSMC, which is spending a record $28 billion this year to ensure it remains at the forefront of technology and capacity. For its part, Samsung’s semiconductor division spent $26 billion on capital expenditure in 2020, but that’s been largely in support of its dominant memory business and not all of its expertise in making memory is directly relevant to creating advanced logic chips.Processors are more complex to manufacture than memory and their production yields are harder to control and scale up in the same way. Foundry customers also require bespoke solutions, imposing another barrier to rapid expansion and also making Samsung dependent on customers’ designs. But the Korean giant can draw confidence from its work with Nvidia, whose chief executive officer has sung Samsung’s praises in collaborating on the manufacturing for its latest graphics card silicon.(Updates with Intel plans in 14th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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