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Stock impact report

The Top 5 Reasons to Buy Oversold Shares of Qualcomm [Yahoo! Finance News]

QUALCOMM Incorporated (QCOM) 
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
The last time I weighed in on Qualcomm (NASDAQ:QCOM), I noted that you shouldn't be "too quick" to write off the stock.Source: Xixi Fu / Shutterstock.com "After dropping to $79.20, the Qualcomm stock has become an oversold bargain at its 50-day moving average with sizable, near-term catalyst." That was on Dec. 10, 2019, as the stock traded at $84 a share.Shortly after, shares of Qualcomm exploded to a high of $95.41. And for quite some time, all seemed fine.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat is, until the coronavirus scare forced the company to lower its earnings guidance for the next quarter. "There is significant uncertainty around the impact from the coronavirus on handset demand and supply chain," the company's CFO, Akash Palkhiwalas said. * 9 Stocks to Buy If People Get Stuck at Home Understandably that made investors nervous, especially when half of Qualcomm's revenue comes from China.Even Piper Jaffray analyst Harsh Kumar was concerned, noting, " Show less Read more
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