Qualcomm is down over 8% on disappointing FQ1 guidance.
Apple remains the main thorn in their financials impacting the comparisons until the license dispute is resolved.
Business remains solid, with EPS targets rising even without ~$1.7 billion in high-margin license revenue.
The net payout yield is set to reach 35% make a very bullish buy signal.
The perplexing story ofQualcomm(QCOM) was further evident by the reaction to alarge FQ4 earnings beat. After massive stock buybacks and with 5G on the horizon, now isn't the time to abandon ship just becauseApple(AAPL) continues playing hardball. Mylong-term investment thesisremains solid.