In its latest quarterly earnings report, QCOM posted revenue growth of 1% year-over-year after several quarters of decline and increased its net income by 37% year-over-year. The company also increased its dividend for the 21st consecutive year.
It’s not surprising QCOM stocks are up 45% this year – and they could rise more. Data from MAPsignals shows how Big Money investors are betting heavily on the stock’s future performance.
Qualcomm shares reflect strong accumulation
Institutional volumes reveal a lot. Over the last year, QCOM has benefited from strong investor demand, which we view as institutional support.
Each green bar signals unusually large volumes of QCOM stock. They reflect our exclusive entry signal, pushing the stock higher:
Many tech names are currently being accumulated. But there is a fundamental and powerful story going on with Qualcomm.
Qualcomm Fundamental Analysis
Institutional support and a healthy fundamental context make this company worth investigating. As you can see, QCOM experienced strong growth in sales and profits:
Source: FactSet
Additionally, EPS is expected to increase this year by +14%.
It now makes sense that the stock has reached new highs. QCOM has a history of strong financial performance.
Combining great fundamentals with our proprietary software has made it possible to find great winning stocks over the long term.
Qualcomm has been one of the highest-rated stocks at MAPsignals for years. This means the stock is experiencing unusual buying pressure and growing fundamentals. We have a ranking process that features stocks like this on a weekly basis.
He has been featured in the rare Top 20 report several times over the past two decades. The blue bars below show when QCOM was a top pick… increasing over time:
Tracking unusual volumes reveals the power of financial flows.
This is a characteristic that most outlier stocks exhibit…the cream of the crop. Massive demand for silver is driving stocks higher.
Qualcomm Price Prediction
The QCOM rally is not new at all. Buying stocks with large amounts of money indicates that this should be taken note of. Given the stock’s historic price gains and strong fundamentals, this stock could be worth a place in a diversified portfolio.
Disclosure: The author owns QCOM in personal and managed accounts at the time of publication.
If you are a Registered Investment Advisor (RIA) or serious investor, take your investing to the next level, learn more about MAP Signals Process Here.
This article was originally published on FX Empire
