Gordon sees the potential for Qualcomm to break through $95, a level it has struggled to break firmly above since last year. It topped that level in January before tumbling to a low of $58 in March.
"If we can get finally a push through, it should be quite constructive to move up as, again, it is given a boost from the 5G presence," said Gordon. Earnings should also be a catalyst for Qualcomm when they report on July 30, he adds. The stock also yields 2.8%, higher than the 1.3% yield for the"If you want to go to the options market, you could do perhaps a call spread. So what you might look at doing is going out to these August options," said Gordon.
He is buying the 95 call option with Aug. 21 expiration and selling the 100 call. This is a bet that Qualcomm can break through $95, implying 2% upside.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trader Joe's rebrands international foods, responds to petition - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. You mean Ming and Jose are not names from those countries? Political Correctness like this is the reason Trump is wining José is racist? WTF
Source: BusinessInsider - 🏆 729. / 51 Read more »
Beyond Netflix: These two stocks could be best streaming plays, traders sayCraig Johnson, Piper Sandler, and Gina Sanchez, Chantico Global discuss the streaming service stocks with Seema Mody. TradingNation TradingNation You wanna play in the stock market casino? Step right up! TradingNation
Source: CNBC - 🏆 12. / 72 Read more »
The five earnings reports to watch this week with analyst estimates up in the airUnited Airlines, Chipotle, Discover Financial, Microsoft and Skyworks can give investors a sense of how the second quarter is playing out across various sectors, two traders say. TradingNation Economic Stimulus TradingNation Umm... $TSLA? don't forget TSLA
Source: CNBC - 🏆 12. / 72 Read more »