Qualcomm a pick on CNBC (Thursday, 2:45PM pst):
Transcript from www.myeyes.com:
Over to tyler for "taking stock". Tyler: Welcome to "taking stock," your chance to speak with some of the top money managers around the country. Joining us today is phil orlando, chief investment officer at value line asset management. Phil's stock picks today include qualcomm , staples, and intimate brands. Call phil now with your stock questions. The number, 1-800-752-cnbc. Always good to see you, you're going to a neighbor of the clintons in. >> Apparently, they're moving a few miles down the road from me in chappaqua new york. Tyler: One of your topics, qualcomm , the stock crushed earlier, worries about margins and competition in that business. Why do you like it? >> Qualcomm ranked a one in the timeliness system, the stock at about 198 dollars a couple days ago, it got down to 157 dollars this morning so we lost about $40 in value in a couple days. We think the concern regarding the slowdown in hand set volume tans like is probably overdone. And as a result of that, a 40-point correction in the stock we think provides an attractive entry point for investors that may have miss it it on the way up. Tyler: Number one, top-rated stock, if you like at it 190, you love it at 150. >> We're buyers at these levels. |
