This Hidden Gem Vanguard ETF Is Chock-Full of Magnificent Stocks. Here's Why It's a Buy Now.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 21 2024
0mins
Should l Buy QCOM?
Source: NASDAQ.COM
Vanguard U.S. Quality Factor ETF Overview: The Vanguard U.S. Quality Factor ETF (VFQY) distinguishes itself from traditional market-cap weighted ETFs by using a rules-based approach to classify companies based on quality, focusing on metrics like return on equity and profitability rather than industry or stock price.
Investment Characteristics: With 364 holdings and a yield similar to the S&P 500, VFQY emphasizes a mix of growth and value stocks across various sectors, showcasing high-quality companies regardless of their market capitalization, although it has underperformed compared to the S&P 500 this year.
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Analyst Views on QCOM
Wall Street analysts forecast QCOM stock price to rise
16 Analyst Rating
10 Buy
5 Hold
1 Sell
Moderate Buy
Current: 192.570
Low
165.00
Averages
197.14
High
225.00
Current: 192.570
Low
165.00
Averages
197.14
High
225.00
About QCOM
Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry, including third generation (3G), fourth generation (4G) and fifth generation (5G) wireless connectivity, and high-performance and low-power computing, including on-device artificial intelligence. Its segments include Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including radio frequency front-end, digital cockpit and advanced driver assistance and automated driving, Internet of things including consumer electronic devices, industrial devices and edge networking products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio that includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Historical Comparison: Compared to the 29 executives who accompanied Trump in 2017, this year's smaller delegation indicates a cautious approach by the U.S. government, especially when contrasted with other Western leaders who brought much larger groups.
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- Collaboration with Major Firms: CEO Cristiano Amon revealed that Qualcomm is working with major AI players like Meta and OpenAI on new hardware, indicating a strategic pivot towards AI and 6G networks.
- Strategic Importance of Trump's Visit: Qualcomm will join President Trump's visit to China next week, aimed at strengthening U.S.-China relations, which may pave the way for further development in Qualcomm's Chinese market despite reduced commercial activities.
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- Donation Amount: Qualcomm co-founder Andrew Viterbi has donated $5 million to the Sanford Burnham Prebys Medical Discovery Institute to establish the Andrew and Erna Viterbi Distinguished Chair, aimed at advancing research at the Center for Data Science and Artificial Intelligence, thereby enhancing the institute's leadership in biomedical research.
- Center Innovation: The Center for Data Science and Artificial Intelligence brings together experts in AI, statistics, and genetics, introducing an advanced computational biology tool that automates genome sequencing analysis for multiple patient samples in a single experiment, significantly improving research efficiency and driving scientific breakthroughs.
- Leadership Appointment: The inaugural chair holder is Dr. Yuk-Lap (Kevin) Yip, a globally recognized leader in computational biology and bioinformatics, whose pioneering work harnesses advanced analytics and machine learning to extract insights from complex biological data, accelerating progress in disease research and precision medicine.
- Interdisciplinary Collaboration: Viterbi's donation reflects his enduring commitment to innovation and discovery, emphasizing the importance of interdisciplinary science in addressing complex challenges in human health, and is expected to further propel Sanford Burnham Prebys' advancements in AI-powered biomedical research.
See More
Apple, Micron, Qualcomm Stocks Hit 52-Week Highs Amid AI Demand
- Apple Stock Surge: Apple shares reached a 52-week high of $292.13 in intraday trading, closing down 0.01%, yet reflecting a 46% increase over the past year, indicating strong investor confidence in its products and technology.
- iPhone Sales Growth: The latest quarter saw a 21.7% increase in iPhone sales, marking the second consecutive quarter of over 20% growth, showcasing sustained market demand for Apple products, while the company’s second-quarter results exceeded market expectations with a strong outlook ahead.
- Micron Hits All-Time High: Micron stock soared to an all-time high of $683.09 during Thursday's trading, driven by bullish analyst sentiment, with Mizuho raising its price target to $740, indicating a potential upside of about 55% from its last close, as the company rides a broader semiconductor rally.
- Qualcomm Stock Rally: Qualcomm shares reached a high of $223.66 in intraday trading, closing up 5.14%, bolstered by strong second-quarter results and a $20 billion share buyback authorization, with analysts upgrading its rating to 'Outperform' and setting a price target of $225, suggesting an 11% upside potential.
See More
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- Reduced CEO Delegation: President Trump's upcoming visit to China on May 14-15 features a significantly scaled-back CEO delegation of around a dozen U.S. companies, reflecting internal divisions on economic policy toward China and limited expectations for the summit.
- Invitation List Revealed: Notable CEOs from Nvidia, Apple, Qualcomm, Citigroup, and Boeing are among those invited, although the full list remains unconfirmed, highlighting the importance of these companies in U.S.-China trade relations.
- Historical Comparison: Compared to the 29 executives who accompanied Trump in 2017, this year's smaller delegation indicates a cautious approach by the U.S. government, especially when contrasted with other Western leaders who brought much larger groups.
- Trade Negotiation Focus: The summit aims to facilitate China's first major Boeing order since 2017, potentially involving 500 737 MAX jets, while discussions also include extending the trade truce, illustrating the complex dynamics of U.S.-China trade policies.
See More
US Stocks Pull Back with Jobs Report Ahead
- Jobs Data Forecast: The consensus estimate for April's job report anticipates 55,000 new jobs, with market reactions indicating that 61% predict job creation will exceed 50,000, highlighting potential economic recovery.
- Tech Stocks Surge: The S&P Tech sector has gained over 4% in the past four days, with Alphabet reaching a new high and a 30% increase over the past month, reflecting strong recovery and investor confidence in the tech industry.
- Industrial Stocks Rise: The S&P Industrials sector has increased nearly 6% in the past month, with companies like Howmet, Caterpillar, and Cummins hitting new highs, indicating growth momentum and improved market demand in the industrial sector.
- Toyota's Decline: Toyota's shares have dropped 22.6% over the last three months, down 24% from February's peak, indicating market challenges that may impact its future performance.
See More
Qualcomm Collaborates with Meta and OpenAI on New Hardware
- Stock Surge: Qualcomm (QCOM) shares jumped 6% on Thursday, reaching a 22-month high and just 7% shy of record levels, reflecting strong market confidence in the company's future prospects.
- Collaboration with Major Firms: CEO Cristiano Amon revealed that Qualcomm is working with major AI players like Meta and OpenAI on new hardware, indicating a strategic pivot towards AI and 6G networks.
- Strategic Importance of Trump's Visit: Qualcomm will join President Trump's visit to China next week, aimed at strengthening U.S.-China relations, which may pave the way for further development in Qualcomm's Chinese market despite reduced commercial activities.
- Optimistic Market Sentiment: According to Koyfin data, 11 out of 37 analysts rate Qualcomm as a 'buy', 21 as 'hold', and 5 as 'sell', showcasing investor optimism regarding Qualcomm's growth potential.
See More
Market Dynamics: Oil Prices and Tech Stocks Fluctuate
- Oil Price Recovery: West Texas Intermediate crude oil prices rebounded above $97 per barrel after a morning dip, reflecting cautious optimism about future demand, which could impact related energy stocks' performance.
- Divergent Tech Stock Performance: As AI-related stocks pull back, cybersecurity software stocks like CrowdStrike and Palo Alto Networks surged, crossing $500 and $190 respectively for the first time, indicating increased market confidence in their business models and potentially attracting more investor interest.
- Boeing Stock Rise: Boeing's shares rose as CEO Kelly Ortberg is set to accompany President Trump on his trip to China, with the market anticipating a major order of up to 500 planes, although skepticism remains regarding the order's realization.
- Employment Data Expectations: Economists forecast a 65,000 increase in April's nonfarm payrolls with the unemployment rate steady at 4.3%, while average hourly earnings are expected to rise by 3.8%, providing crucial economic health indicators that could influence investor confidence.
See More
