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Forecast came false

Qualcomm Will Rise On Tonight's Quarterly Earnings

Qualcomm should report solid numbers tonight but the stock will likely move based on what it says about the Apple lawsuit. QCOM will vigorously fight the suit and don't forget this company has a free cash flow yield north of 8%. Stay long here.

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Qualcomm Will Rise On Tonight's Quarterly Earnings

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Forecast came false

This one didn't happen. Qualcomm beat earnings estimates but came up light on revenue. I also thought QCOM was a short term bounce candidate based on getting hammered by the Apple lawsuit. Picking up shares at a discount and expecting a good quarter looked like a good strategy based on available information but it didn't pan out. I picked up shares at just over $55 and continue to hold them.

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