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TMCNet: Time to Ride a QUALCOMM Straddle? (QCOM)

[September 02, 2010]

Time to Ride a QUALCOMM Straddle? (QCOM)

(Benzinga Via Acquire Media NewsEdge) ualcomm Inc. (NASDAQ: QCOM) may be at a tipping point right now. And for a stock that has seen four big price gaps during 2010, the move could be a big one. The question is, will the stock gap higher or lower? Goldman Sachs -- citing influences like a higher mix of smartphones and tablets, the move from voice-to-data-centric devices in China and India and a weaker US dollar -- recently reiterated its Conviction Buy List rating for Qualcomm and raised its price target from $44 to $46.


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