However, the Fast Money pros don’t think Qualcomm's guidance is a cause for concern.“I wouldn’t run for the hills,” says trader Dan Nathan.Looking at the numbers, Qulacomm’s quarterly revenue and earnings came in ahead of expectations. Qualcomm posted earnings per share of $1.01 while the Street was looking for 96 cents.Qulacomm posted profits of $2.23 billion or $1.28 per diluted share for its second fiscal quarter ended March 25, compared with $999 million or 59 cents per share in the year-ago quarter.“It was still it was a fabulous quarter – anyone who is selling will ultimately get their lunch handed to them,” adds trader Jon Najarian.“It’s a great stock – a world class franchise,” echoes Amnthony Scaramucci “I think it sets up for upside surprises.”“I’d buy the weakness,” says trader Tim Seymour. “I don’t see a major failure.”
they are the Fast Money monkeysnot the prosfollow them at your own riskleaders of the muppets would be more appropriate
Joe Terranova said to buy QCOM agressively on any weakness in the price.
If I was f tard long on margin.....I would tell you clowns the same story.....Buy...@ss clowns on CNBC
they usually talk their book. They could care less about their audience except to use them for their own agenda.
You said they could care less, meaning that they do care a bit. Or did you mean they COULDN'T care less?
Sounds like they all got caught long and don't wanna be baggoes for the next 18 months.
good to hear.
They failed to mention the most important thing: I own it. Would not want to come along for this ride if I were you.