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Oct 24, 2014  
T-Bond/CPI Gap Steady
The gap between the 10-year government yield and inflation has been steady over the past quarter and remains low on an historical basis, signaling bonds are still fully valued — if not overvalued. A slowdown in the European economy that has raised the specter of deflation, erratic domestic retail-sales data and new geopolitical threats have led to a rally in bond prices that has ...

Qualcomm Inc (QCOM)   BUY

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Our recommendations -- BUY, HOLD, SELL -- and target prices reflect the judgment of an analyst about a company's prospects as an investment in terms of value, growth and risks. We will generally rate a stock a BUY if, in our view, the forecast risk-adjusted return on the stock is greater than the forecast return on the market. Target prices reflect the previous day's closing price of a stock and do not take into account more recent movements in stock prices.

Argus Research Company, founded in 1934, is a leading independent equity research firm. For more information about our views on today's pick, please contact Argus Research at (212) 425-7500, or by email: Click Here.

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