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Actionable news in QCOM: QUALCOMM Incorporated,

5 Reasons To Still Buy Qualcomm

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QUALCOMM, Inc. QCOM 0.96% is set to report its second quarter results on Wednesday. Michael McConnell of Pacific Crest listed five reasons to buy the stock.

McConnell remains a buyer of Qualcomm, saying stabilizing QTL (Qualcomm Technology Licensing), catch-up payments, and S820 share gains are likely to drive higher estimates post earnings. The analyst's comments come as QUALCOMM's second quarter results face tough year-over comparisons.

  • (1) "Valuation appears to discount the midpoint of QTL guidance for F2016 with no value ascribed for QCT (Qualcomm CDMA Technologies)."
  • (2) "Catch-up QTL sales could add $0.37 in EPS."
  • (3) "QCT sales and margins are...