NEW YORK, NY / ACCESSWIRE / April 12, 2017 / Disney's stock stepped up in the eyes of investors after a Goldman Sachs endorsement, while QUALCOMM countersued on a number of fronts, including intentionally misleading consumers on the technical inferiority of its products.

RDI Initiates Coverage on:

Walt Disney Co.

https://ub.rdinvesting.com/news/?ticker=DIS

QUALCOMM, Inc.

https://ub.rdinvesting.com/news/?ticker=QCOM

Walt Disney advanced 0.57% to close at $113.07 in Tuesday's trading session. The stock traded between $112.59 and $113.83 on a volume of 5.2 million shares traded.

Disney won "stock for a day" honors in the Dow Jones Industrials as Goldman Sachs added the company to its Conviction Buy List. The list is comprised of stocks that the Goldman Sachs research team expects to outperform industry expectations. The investment firm considered a number of factors in adding Disney to the list, including the continued strong showing of "Beauty and the Beast", which is moving towards the $1 billion mark in sales, optimistic expectations of this year's summer movie lineup, and a projected earnings per share growth of 13 percent in FY18. Its cable sports channel, ESPN, has been shedding viewers and subscribers for several months, but the company has shored up this part of their revenue stream by making ESPN available to live online services, such as DirecTV Now, Hulu, and YouTube TV.

Access RDI's Walt Disney Research Report at:

https://ub.rdinvesting.com/news/?ticker=DIS

QUALCOMM tumbled 2.07% to close at $55.35 in Tuesday's trading session. The stock traded between $54.72 and $56.36 on slightly higher than average volume of 16.6 million shares traded. The news that caused the decline was the filing of a lawsuit by QUALCOMM against Apple as Apple had "acted to prevent Qualcomm from revealing to consumers the extent to which iPhones with Qualcomm's chip sets outperformed iPhones with Intel's chip sets".

For its part, Apple maintains that Qualcomm was charging higher royalties for use of its technology, and there are reports that Qualcomm mandated Apple to pay a percentage of iPhone revenues for the use of Qualcomm patents. Apple has filed suit against QUALCOMM in three countries.

Analysts are expecting a 1 or 2 year court battle, with the outcome very much undecided. With the iPhone 8 due to come out later this year, the lawsuit has potentially adverse effects for both companies.

Access RDI's QUALCOMM Research Report at:

https://ub.rdinvesting.com/news/?ticker=QCOM

Our Actionable Research on Walt Disney Co. (NYSE: DIS) and QUALCOMM, Inc. (NASDAQ: QCOM) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com