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QUALCOMM (QCOM) Catches Eye: Stock Jumps 7%
QUALCOMM Incorporated (QCOM - Free Report) was a big mover last session, as the company saw its shares rise 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 15.24% in the past one-month time frame.
The move came after the company reported better-than-expected third-quarter fiscal 2018 results.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
QUALCOMM currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
QUALCOMM Incorporated Price
QUALCOMM Incorporated Price | QUALCOMM Incorporated Quote
A better-ranked stock in the Wireless Equipment industry is Comtech Telecommunications Corp. (CMTL - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is QCOM going up? Or down? Predict to see what others think: Up or Down
5 Medical Stocks to Buy Now
Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.
New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.
Click here to see the 5 stocks >>