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Qualcomm - Mr. Market Provides Opportunity - QCOM

|Includes:Qualcomm Inc. (QCOM)

Initiated a position in QCOM today @ 61.94. I have been waiting for a pullback in share price for a while here but didn't expect to have it presented to me after what I believe is an exceptional earnings report.

This comes after they recently announced a 40% increase in the dividend. Shares now provide a 2.2% yield at the current price of $62.

Suggest taking a look at the stock at these levels, exceptional value here.

Disclosure: I am long QCOM.

Additional disclosure: Stocks for Income means just that at

Stocks: QCOM