JP Morgan downgraded Qualcomm to "underweight" from "neutral". The primary reason was rising litigations costs are cutting operating margins. This may go one for some time.
The move does not reflect rising competition from WiMax and the possible end to its contract with Qualcomm’s largest customer, Nokia.
But, that may already be priced into the stock.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Smart Investors Are Quietly Loading Up on These “Dividend Legends” (Sponsored)
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
