The Market Is Bullish on This Stock
The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics relating to their 10-Bagger portfolio.
Qualcomm released its earnings recently, and they presented a conundrum, to say the least. The company missed analysts' expectations and lowered guidance, yet the stock rose. This is the second chip company to lower guidance recently. Intel just did, too. Qualcomm said it's still working through its shortage problem for its next-generation 4G LTE chips. The conversion to high-end smartphones is still strong, and some observers have even speculated that the shortage is due to the coming launch of Apple's iPhone5. Even with NVIDIA's Tegra 3 processor making it into Google's Nexus 7 tablet, Qualcomm remains the leader in mobile computing processors. John and David are bullish on the mobile trend, and Qualcomm could make a great addition to the portfolio.
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The article The Market Is Bullish on This Stock originally appeared on Fool.com.John Reeves owns shares of Apple and Google. David Meier owns shares of Apple. The Motley Fool owns shares of Apple, Google, Intel, and Qualcomm. Motley Fool newsletter services recommend Apple, Google, Intel, and NVIDIA. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.