Is It Right Time to Be Bullish on QUALCOMM Incorporated (QCOM), Cameco Corporation (CCJ)?

    The shares of QUALCOMM Incorporated (NASDAQ:QCOM) has been pegged with a rating of Sector Perform by RBC Capital Mkts in its latest research note that was published on July 22nd, 2019. The research company has also assigned a $79 price target. RBC Capital Mkts wasn’t the only research firm that published a report of QUALCOMM Incorporated, with other equities research analysts also giving their opinion on the stock. Barclays advised investors in its research note published on July 18th, 2019, to Equal Weight the QCOM stock while also putting a $75 price target. The stock had earned Outperform rating from Cowen when it published its report on May 23rd, 2019. That day the Cowen set price target on the stock to $80. The stock was given Neutral rating by Goldman in its report released on May 23rd, 2019, the day when the price target on the stock was placed at $73. Mizuho was of a view that QCOM is Neutral in its latest report on May 23rd, 2019 while giving it a price target of $65. Edward Jones thinks that QCOM is worth Sell rating. This was contained in the firm’s report on May 23rd, 2019.

    Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 14 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $78.99. The price of the stock the last time has raised by 56.21% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 62.55.

    The shares of the company added by 0.83% during the trading session on Wednesday, reaching a low of $75.99 while ending the day at $76.70. During the trading session, a total of 10.93 million shares were traded which represents a 18.28% incline from the average session volume which is 13.38M shares. QCOM had ended its last session trading at 76.07. QUALCOMM Incorporated currently has a market cap of $93.34B, while its P/E ratio stands at 27.02, while its P/E earnings growth sits at 4.54, with a beta of 1.61. QUALCOMM Incorporated debt-to-equity ratio currently stands at 3.01, while its quick ratio hovers at 1.60. QCOM 52-week low price stands at $49.10 while its 52-week high price is $90.34.

    The company in its last quarterly report recorded $0.80 earnings per share which is above the $0.75 predicted by most analysts. The QUALCOMM Incorporated generated $4,894.00 million in revenue during the last quarter, which is slightly lower than the $5,078.38 million predicted by analysts. In the second quarter last year, the firm recorded $0.77 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 3.75%. QUALCOMM Incorporated has the potential to record 2.84 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at TD Securities published a research note on May 2nd, 2019 where it informed investors and clients that Cameco Corporation (NYSE:CCJ) is now rated as Hold. Barclays also rated CCJ as Downgrade on July 18th, 2019, with its price target of $75 suggesting that CCJ could surge by 17.31% from its current share price. Even though the stock has been trading at $8.74/share, analysts expect it to surge higher by 2.75% to reach $10.86/share. It started the day trading at $8.98 and traded between $8.76 and $8.98 throughout the trading session.

    A look at its technical shows that CCJ’s 50-day SMA is 9.79 while its 200-day SMA stands at 11.10. The stock has a high of $13.04 for the year while the low is $8.03. The company’s P/E ratio currently sits at 32.19, while the P/B ratio is 0.96. At the moment, only of Cameco Corporation shares were sold short. The company’s average trading volume currently stands at 2.40M shares, which means that the short-interest ratio is just 5.86 days. Over the past seven days, the company moved, with its shift of 10.05%. Looking further, the stock has dropped -11.70% over the past 90 days while it lost -25.66% over the last six months.