Walt Disney Co (NYSE:DIS) is a candidate for selling but QUALCOMM, Inc. (NASDAQ:QCOM) is a buy, Tim Seymour, Karen Finerman and Guy Adami said in a segment of Final Trade on CNBC’s Fast Money,
Tim Seymour who is long Walt Disney Co (NYSE:DIS) said that the company posted great numbers but there is something off with the entertainment giant.
“I’m going to sell some Disney tomorrow but it’s kind of ‘What can you do for me tomorrow?’ I think the holiday season will be very good for these guys but this valuation for me scares me a bit. I think it’s time to [sell],” Seymour said.
Walt Disney Co (NYSE:DIS) has just reported a successful 2014 fiscal year with at $7.5 billion, up 22% over the 2013 fiscal year, on revenue of $48.8 billion, up 8%.
Karen Finerman, greeting her husband on their anniversary, said that her final trade is to sell Walt Disney Co (NYSE:DIS) call spreads.
On QUALCOMM, Inc. (NASDAQ:QCOM), Guy Adami said that the stock is a buy on the current dip the company’s stock has gone through.
QUALCOMM, Inc. (NASDAQ:QCOM) reported a GAAP net profit from continuing operations of $1.89 billion, or $1.11 per share, up from compared with $1.5 billion, or $0.86 per share in the same quarter a year ago. However, the company’s stock has been punished by uncertainty stemming from its quarrel with Chinese authorities over anti-trust issues.
RBC Capital Markets also told investors that are focused on the near-term to not look at QUALCOMM, Inc. (NASDAQ:QCOM), lead by Paul Jacobs who is one of the top-paid bosses of the year, and “look elsewhere” at the moment.
Ken Fisher’s Fisher Asset Management reported owning about 9.28 million QUALCOMM, Inc. (NASDAQ:QCOM) shares by the end of the second quarter. Also buy June 30, Walt Disney Co (NYSE:DIS) shareholders included John Armitage’s Egerton Capital Limited which reported a stake comprised of about 3.18 million shares in the company.