Global  

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

Video Credit: The Street - Duration: 07:04s - Published
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


Related videos from verified sources

Jim Cramer: What Late Night Talks Between the U.S. and China Mean for Trade [Video]

Jim Cramer: What Late Night Talks Between the U.S. and China Mean for Trade

Are we going to see a trade deal between the U.S. and China? China's Commerce Ministry said in a statement Tuesday it had made progress with its U.S. counterparts, including U.S. Trade Representative..

Credit: The Street     Duration: 01:14Published
Forget Impeachment Testimonies, This Market Only Cares About Trade [Video]

Forget Impeachment Testimonies, This Market Only Cares About Trade

On Wednesday, we got some trade news that--for the markets at least--helped investors shrug off the incendiary headlines that were coming out of the impeachment hearings. So, let's talk about one..

Credit: The Street     Duration: 01:13Published
How Investors Should Approach Macy's, Impeachment Hearings, Charles Schwab [Video]

How Investors Should Approach Macy's, Impeachment Hearings, Charles Schwab

Is it Friday yet? Let's talk about Macy's post-earnings, the impeachment hearings and Charles Schwab's reported bid for TD Ameritrade . Macy's Earnings Macy's said earnings for the three months..

Credit: The Street     Duration: 04:46Published