JPMorgan placed Qualcomm (QCOM) on “Negative Catalyst Watch” saying it anticipates a disappointment relative to the guidance for fiscal Q2. Cyclical trends relative to smartphone market “have not been most promising,” the analyst tells investors in a research note.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QCOM:
- Election 2024: Where To Put Your Money Ahead of the Vote
- Qualcomm cancels Snapdragon X Elite dev kit, ends support, Tom’s Hardware says
- Qualcomm Will Wait Until Elections Before Making Move for Intel (NASDAQ:INTC)
- Citi cuts Qualcomm target, opens ‘Negative Catalyst Watch’
- Qualcomm to wait until after election to decide Intel move, Bloomberg reports