|Bid||247.08 x 800|
|Ask||246.82 x 800|
|Day's Range||243.95 - 248.84|
|52 Week Range||131.46 - 259.50|
|Beta (5Y Monthly)||2.04|
|PE Ratio (TTM)||63.22|
|Earnings Date||Feb 11, 2020 - Feb 16, 2020|
|Forward Dividend & Yield||0.64 (0.26%)|
|Ex-Dividend Date||Nov 26, 2019|
|1y Target Est||248.35|
Futures edged up after China coronavirus fears slammed the stock market Monday. China-exposed Apple, AMD and Starbucks report earnings Tuesday.
Like many of its chip peers, Qualcomm (NASDAQ:QCOM) has been on fire. Shares hit new 52-week highs a few trading sessions ago and Qualcomm stock remains in demand among investors.Source: testing / Shutterstock.com It helps that the company has several long-term catalysts in play, while the overall market continues to rally, rally, rally. And in the sector, chips and semiconductors especially are in "surge mode." Whether that's Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Intel (NASDAQ:INTC) or others, the group simply continues to climb.Let's take a closer look at QCOM.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Valuing Qualcomm StockEarlier this month, we asked if QCOM is setting up for a banner 12 months. The short answer? Yes. The long answer underscores a bit more growth. * Invest in America's Most Trusted Brands With These 7 Stocks to Buy Qualcomm is in the beginning of its fiscal year for 2020, but has yet to report the first quarter results. For the year, analysts expect the company to earn $4.19 per share, leaving QCOM trading at 22 times earnings, but it's not as expensive on a forward basis.While current predictions call for 18.4% earnings growth this year, estimates for 2021 call for an incredible acceleration to 45.6% growth, generating earnings of $6.10 per share. That leaves Qualcomm stock trading at just 15 times its 2021 earnings.As for revenue, estimates call for 13.1% growth this year and an acceleration up to 23% growth in fiscal 2021. The numbers here are astounding really, and Qualcomm investors may be set to be major beneficiaries.As Citi analysts recently argued, the company has big exposure to the coming wave of 5G. As Apple (NASDAQ:AAPL), Samsung and other companies shift to 5G service, it translates to top- and bottom-line growth for QCOM. That's why analysts are so bullish on the coming 24 months of business. Not Without RisksQualcomm stock trades at a reasonable valuation, has big-time growth estimates over the next two years and pays a 2.5% dividend yield. It's well-positioned in the coming 5G cycle and has solid financials.But none of that means it comes without risk.First, the company may face regulatory hurdles. While the Trump administration recently came to its defense, the FTC has been hitting Qualcomm hard. While the situation could certainly improve, regulatory risks are higher for Qualcomm stock than many others.Furthermore, it was once in a legal spat with Apple, but then the tables suddenly turned. Apple paid Qualcomm billions to settle and dropped all of its lawsuits, as the company instead wanted to clear the air and do business. However, Apple has also bought Intel's modem business for $1 billion.While this is not a short-term risk, the long-term risk is that Apple begins developing its own chips and eventually cuts Qualcomm down or out. That leaves some long-term questions out in the open, but for now, Apple's ready to play ball, which will lead to big business for the company. Still, this is a situation to monitor going forward.Lastly, there's simply the risk that analysts and investors alike are too bullish on 5G and QCOM's future growth. If the company has to lower expectations or if consensus estimates prove too high, particularly the out years (2021), then Qualcomm shares could take some heat. Trading QCOM Stock Click to Enlarge Source: Chart courtesy of StockCharts.comDespite some of these risks, I'm still looking at Qualcomm as one to buy. The reason is simple. The fundamentals -- for now -- are attractive, and so is the chart. When the technicals and fundamentals align, it creates a very good situation for investors.Earlier in the month, QCOM dipped down to the 50-day moving average, but was instantly gobbled up by investors. The ensuing rally sent shares above $92.50 resistance to new 52-week highs.While bulls may buy the dip on a pullback to the 20-day moving average, I'd like a correction down to the 50-day moving average and even further down to uptrend support (blue line). For now, those deeper dips have been the optimal buy spot for active bulls.If it fails, the $80 level and the 200-day moving average are on the table, whichever comes first. Over the $96.17 high and $100 is possible for Qualcomm stock.Bret Kenwell is the manager and author of Future Blue Chips and on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL and NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post Qualcomm Stock Could Hit $100, But It Isn't Risk-Free appeared first on InvestorPlace.
Over the last four years, Advanced Micro Devices (NASDAQ:AMD) has been one of the most explosive stocks on the market. In that time, AMD stock has risen from just above $2 to $51, outperforming markets and major competitors.Source: Grzegorz Czapski / Shutterstock.com It was even the top S&P 500 stock of 2019, all as it chipped away at Intel's (NASDAQ:INTC) market dominance.Year-over-year, shares of AMD are now up 158%, as compared to Intel's gain of just 44%. Furthermore, AMD even outperformed the iShares PHLX Semiconductor ETF (NASDAQ:SOXX), which is up 64% YOY, as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe first time I weighed in on AMD stock, it traded at $28.90. With it now up to $51 per share, I'm still very bullish with sights set on $70 this year. All as the company continues to chip away at market share from some of the biggest names in the sector, including Intel and NVIDIA (NASDAQ:NVDA). AMD Is Crushing Its CompetitionAMD could have another explosive year, especially as it gains market share from Intel. * Invest in America's Most Trusted Brands With These 7 Stocks to Buy At the moment, Intel has yet to fully ease its processor shortages, which is causing notebook vendors to look to more of its competitions in 2020.Furthermore, AMD may also challenge NVDA dominance in 2020, as well with its "NVIDIA Killer."The company is reportedly developing an advanced high-performance graphics card to challenge NVDA in the high-end GPU market. AMD's expanding GPU portfolio serving every price point is a threat to NVIDIA's dominance.According third-quarter 2019 JPR data, "AMD's market share in discrete GPU shipments came in at 27.08%, up from 25.72% in third-quarter 2018. NVIDIA's market share declined to 72.92% from 74.28% in the same period," as highlighted by Zacks Equity Research.Additionally, another big story for AMD in 2020 are new gaming consoles.New 2020 gaming consoles from Microsoft (NASDAQ:MSFT) and Sony Corporation (NYSE:SNE) due to be launched this year use AMD chips. That alone offers AMD a powerful catalyst. Analysts Still Love the StockWhile nervous on valuation, Cowen analyst Matthew Ramsay reiterated his "outperform" rating on the stock by raising his price target from $47 to $60."With shares up 65% since our last preview, we are increasingly both confident (in fundamentals) and nervous (on valuation)," he wrote. "AMD has now showcased a track record of consistent roadmap execution and stability while offering premier technological specs and TCO [total cost of ownership] to customers seeking a viable x86 alternative to Intel."The analyst also said AMD could generate strong growth with laptops in the future. Also, he added that notebook chip sales will rise to $2.15 billion by 2021 from $1.45 billion in 2019.Additonally, Deutsche Bank analyst Ross Seymore has a "hold" rating on AMD, but raised the price target on AMD from $29 to $40. "We fully expect AMD's strong product/strategic execution to continue in 2020 and 2021," he wrote.Furthermore, Wells Fargo analyst Aaron Rakers also increased his price target to $40 to $48 on gains in the server market."We continue to see AMD's wins in [High Performance Computing] / supercomputing as increasing validation of the company's strong competitive positioning in datacenter CPUs…thus remaining supportive of our positive upside thesis," he wrote. The Bottom Line on AMD StockWith sufficient growth and ability to reduce competitors' market share, there's plenty to like about AMD stock in 2020.While valuation is concerning, I still strongly believe AMD could rally to $70 per share. We'll know more about that potential when the company posts earnings on Jan. 28 after the closing bell, but for now, AMD is a stock to buy.As of this writing, Ian Cooper did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post AMD Stock Could Run 40% Higher Closer to $70 in 2020 appeared first on InvestorPlace.
Robust adoption of Advanced Micro Devices (AMD) graphics cards and EPYC deal wins are expected to have driven top-line growth in fourth-quarter 2019.
Futures: Intel and Atlassian soared late on earnings, lifting AMD, Nvidia and ServiceNow. Broadcom rose on an Apple supply deal.
Nvidia on Thursday got a boost from two analysts who see growth in the graphics-chip maker's future.
As most companies in this space have seen no negative earnings estimate revisions and have a favorable Zacks Rank, semiconductor ETFs might continue to see smooth trading in the weeks ahead.
Learning how to invest in stocks can be intimidating. Stock market beginners face many questions. How to buy stocks? When to sell? How to read charts? Here you'll find answers.
Advanced Micro Devices, Inc. (NASDAQ: AMD) shares are likely to see further momentum this year, given the ongoing strong product momentum. Speculations were rife in the middle of 2019 that AMD was prepping to launch an assault on rival NVIDIA Corporation (NASDAQ: NVDA) by targeting the high-end graphics card segment, which was the stronghold of the latter. AMD confirmed at the Consumers Electronics Show as well as in an interview titled "Bring Up," where CEO Lisa Su recapped the company's CES presentations a high-end Navi graphics card will be released later this year.
When looking for the best artificial intelligence stocks to buy, investors should expand their search to unexpected fields. Salesforce.com and Trade Desk are among AI stocks on IBD's radar.
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included a software leader and a discount airline. Bearish calls included an electric vehicle giant ...