Qualcomm's Stock May Rise 8% on Improving Profits

Qualcomm Inc.'s stock is up 3% so far in 2018, trailing the S&P 500 rise of 7%. At least some options traders are betting Qualcomm will rise by as much as 8% by the middle of October. Shares of the chipmaker have been rising since the end of April, jumping by 30% from their lows. Analysts are now turning bullish on the stock, increasing their profit forecasts. Also, Qualcomm said it would buy back $30 billion worth of stock after canceling its deal to buy NXP Semiconductors N.V.

Spotlight

In fast-paced services industries, savvy CFOs are tracking numerous key metrics like net income, current ratios, working capital, cash balance, DSO, gross margins, and more. But the one metric that may matter more than any other for long-term growth for professional services firms: project profitability. The nature of the “proje


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Spotlight

In fast-paced services industries, savvy CFOs are tracking numerous key metrics like net income, current ratios, working capital, cash balance, DSO, gross margins, and more. But the one metric that may matter more than any other for long-term growth for professional services firms: project profitability. The nature of the “proje

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