Qualcomm (QCOM) Offering Possible 17.23% Return Over the Next 23 Calendar Days

Qualcomm's most recent trend suggests a bearish bias. One trading opportunity on Qualcomm is a Bear Call Spread using a strike $155.00 short call and a strike $165.00 long call offers a potential 17.23% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $155.00 by expiration. The full premium credit of $1.47 would be kept by the premium seller. The risk of $8.53 would be incurred if the stock rose above the $165.00 long call 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 43.35 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

LATEST NEWS for Qualcomm

Will AMD Or Qualcomm Stock Grow More By 2022?
Mon, 21 Dec 2020 19:25:54 +0000
Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.We surveyed a group of over 200 Benzinga investors on whether shares of Advanced Micro Devices (NASDAQ: AMD) or Qualcomm (NASDAQ: QCOM) stock would grow the most by 2022.AMD Vs. Qualcomm Stock Advanced Micro Devices designs and produces microprocessors for the computer and consumer electronics industries. The majority of the firm's sales are in CPUs and GPUs.On Oct. 27, AMD reported revenues jumped 56% year-over-year to $2.8 billion. Quarter-over-quarter, growth came to 45%. AMD attributed the performance to its computing and graphics segments.See Also: Is Bitcoin A Good Investment?Qualcomm develops and licenses wireless technology and also designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G and 4G networks. The firm is a leader in 5G network technology as well. Many respondents to our study shared a similar point of view regarding future sales prospects for AMD's computer microprocessors, particularly for the new Ryzen 5000 series of desktop processors. Investors believe AMD will benefit from strong game consoles and computer sales this holiday season.Overall, 53% of traders and investors told us AMD's stock will grow more by the end of next year, while 47% said shares of Qualcomm will grow the most by 2022.This survey was conducted by Benzinga in December 2020 and included the responses of a diverse population of adults 18 or older.Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 200 adults.See more from Benzinga * Click here for options trades from Benzinga * Will AMD's Stock Reach 0 By 2022? * Will Micron Or Intel Stock Grow More By 2025?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Top Tech Stocks for January 2021
Mon, 21 Dec 2020 18:55:50 +0000
The technology sector is comprised of businesses that sell goods and services in electronics, software, computers, artificial intelligence, and other industries related to information technology (IT). The sector includes companies with the largest market capitalizations in the world such as Apple Inc. (AAPL), Microsoft Corp. (MSFT), and Amazon.com Inc. (AMZN). Tech stocks, represented by the Technology Select Sector SPDR ETF (XLK), have outperformed the broader market.

What's the Good News From Disney?
Mon, 21 Dec 2020 17:03:00 +0000
In this episode of Motley Fool Money, Chris Hill chats with Motley Fool analysts Emily Flippen and Jason Moser about the latest headlines and earnings reports from Wall Street. They discuss Disney's (NYSE: DIS) Disney+ subscription guidance.

Top 4 Mutual Fund Holders of Qualcomm (QCOM)
Mon, 21 Dec 2020 16:22:40 +0000
Qualcomm Inc. (QCOM) is an American multinational semiconductor and telecommunications equipment company founded in 1985 and based in San Diego, California. Qualcomm reported Q4 2020 earnings on November 4, 2020. The telecommunications giant reported $8.3 billion in revenues this quarter, compared to $4.8 billion over the same period last year. The Vanguard Total Stock Market Index Fund was launched in 1992 to give investors broad exposure to the entire U.S. equity market. The fund is a subsidiary of the Vanguard Equity Investment Group and has been managed by Gerard C. O'Reilly since December 1994. As of Q3 2020, the fund has about 31.6 million shares of Qualcomm, or about 2.8%, making it the company's single-largest mutual fund holder.

Microsoft (MSFT) Developing Chips for Its Servers and PCs
Mon, 21 Dec 2020 15:36:12 +0000
Microsoft (MSFT) is reportedly developing its own semiconductor chips for use in its Azure cloud computing service and Surface PCs.

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