Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Jim Cramer on Qualcomm, U.S.-China Trade War and What to Expect From Disney

Video Credit: The Street - Duration: 07:04s - Published < > Embed
Jim Cramer on Qualcomm, U.S.-China Trade War and What to Expect From Disney

Jim Cramer on Qualcomm, U.S.-China Trade War and What to Expect From Disney

Jim Cramer weighs in on Real Money Stock of the Day Qualcomm's earnings, Disney and the U.S.-China trade war.

Qualcomm Is Real Money's Stock of the Day The chipmaker posted stronger-than-expected fourth-quarter earnings, and said near term revenues would exceed Wall Street forecasts following its recent licensing agreement with Apple Inc.


Qualcomm said non-GAAP earnings for the three months ending in September, its fiscal fourth quarter, were pegged at 78 cents per share came in at an adjusted cents 78, down 12.4% from the same period last year but firmly ahead of Wall Street estimates of 71 cents per share.

The group's adjusted operating margin, Qualcomm said, was 22.9%, beating expectations of 22.5%.

Revenue for the quarter came in at $4.8 billion, against beating analysts expectations of $4.756 billion even as the total fell 17% from last year, reported TheStreet's Martin Baccardax.

Qualcomm said current quarter revenue is likely to rise to between $4.4 billion and $5.2 billion, just ahead of the consensus forecast of $4.82 billion.

Qualcomm said the guidance excludes QTL royalty revenue from China-backed handset maker Huawei Technologies.

The group also expects non-GAAP adjusted EPS for the quarter of between 80 cents and 90 cents per share, far better than analysts' expectation of 81 cents per share.

U.S.-China Trade War "We got something concrete out of China at last and it is big: a death sentence for a fentanyl smuggler and life sentences for two colleagues," wrote Jim Cramer in his morning column over on Real Money.

"It might seem like small potatoes for some - like some moron twitter people whom I have had to block - but this is precisely what Peter Navarro, the man in charge of trade talks has been calling for as a sign of goodwill." "Why are there so many doubters of progress in the trade talks?

A big one is the on-again-off-again nonsense about when and where an agreement could be signed.

The reason why I don't trust it is the mainstream media gets its leaks from either the Communist Chinese - who, somehow are regarded as reliable sources, or from Secretary Mnuchin who is a relative free trader, not a fair trader," he continued." So the question really is: What's it going to take for investors to trust the American side of the U.S.-China trade war.

Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below


You Might Like

Tweets about this

Recent related videos from verified sources

Fed chief, Disney send Dow, S&P 500 to records [Video]Fed chief, Disney send Dow, S&P 500 to records

An upbeat economic assessment from Federal Reserve Chairman Jerome Powell and a solid start to Disney's streaming video service sent the Dow and S&P 500 to record closing highs. Conway G. Gittens..

Credit: Reuters Studio     Duration: 01:42Published

Jim Cramer: How to Approach Trump's Speech at the Economic Club of New York [Video]Jim Cramer: How to Approach Trump's Speech at the Economic Club of New York

President Trump will be speaking at the New York Economic Club Tuesday afternoon. Trump is expected to devote most of his address to the famous Economic Club in Manhattan on trade, tariffs and the..

Credit: The Street     Duration: 00:36Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.