Today’s Research Reports on Stocks to Watch: Netflix and QUALCOMM

NEW YORK, NY / ACCESSWIRE / February 27, 2018 / Netflix and Qualcomm both saw big gains on Monday with Netflix racing to a new record high. Netflix is testing a new navigation bar for the Android phone while Qualcomm has been busy defending itself over allegations by Broadcom that the company is in “engagement theatrics” regarding Broadcom wanting to acquire the company.

RDI Initiates Coverage on:

Netflix, Inc.
https://rdinvesting.com/report/?ticker=NFLX

QUALCOMM Incorporated
https://rdinvesting.com/report/?ticker=QCOM

Netflix’s shares closed up 2.88% on about 10.2 million shares traded on Monday. The stock hit a new record high of $295.65 during intra-day trading despite any remarkable news from the company. It was last month that Netflix announced its earnings and entered the $100 billion valuation club for the first time. The company reported fourth quarter earnings near the end of January and reported 41 cents EPS on revenues of $3.3 billion. The results were in line with what Wall Street was looking for. Subscriber growth also was a lot better than expected with 8.3 million new members during Q4. The company had expected 2 million less. Memberships in the U.S. alone went up by 2 million. In separate news, it was revealed that the streaming giant wants to replace its slide out menu with something that is easier to access according to Android Police. It was reported that Netflix is testing a new navigation bar at the bottom of the screen of Android phones.

Access RDI’s Netflix, Inc. Research Report at:
https://rdinvesting.com/report/?ticker=NFLX

QUALCOMM’s shares closed up 5.78% on Monday on about 27 million shares traded. It was an interesting day for the stock after Broadcom, who has been aggressively trying to acquire the company, accused QUALCOMM of “engagement theatrics.” According to Broadcom, instead of engaging in real negotiations, QUALCOMM is playing “engagement theater.” Broadcom wrote in a letter, “While Broadcom repeatedly attempts genuine engagement with Qualcomm, including having proposed constructive solutions to Qualcomm’s concerns and having demonstrated flexibility at meetings on both February 14 and February 23, Qualcomm has only feigned engagement.” Qualcomm responded and said that the statement was “disingenuous” and that Broadcom is not engaging with any discussions on price. Broadcom’s current bid to acquire Qualcomm stands at around $143 to $149 billion. According to Broadcom, QUALCOMM is only interested in talks because the company is “finally beginning to recognize the will of its stockholders.” The company’s annual meeting is on March 6th.

Access RDI’s QUALCOMM Incorporated Research Report at:
https://rdinvesting.com/report/?ticker=QCOM

Our Actionable Research on Netflix, Inc. (NASDAQ: NFLX) and QUALCOMM Incorporated (NASDAQ: QCOM) can be downloaded free of charge at Research Driven Investing.

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