TSX Ends Higher

Aurora Cannabis Inc. (ACB.TO) and McGill University have announced the launch of an international collaborative medical research project that will …

(RTTNews) – The Canadian stock market ended on a firm note on Friday, extending previous session’s gains, amid hopes the trade talks between the U.S. and China next week will help diffuse trade tensions.

Worries about U.S.-Turkey spat and its likely impact on the global economy limited market’s upside. Higher commodity prices aided sentiment.

Healthcare, materials and financial stocks moved higher. Shares from utilities, telecom, industrials and consumer staples sections ended on a mixed note.

The benchmark S&P/TSX index ended up 98.06 points or 0.60%, at 16,323.71 after scaling a low of 16,194.89 and a high of 16,336.89 intraday. On Thursday, the index ended up 77.15 points, or 0.48%, at 16,225.65.

The Capped Healthcare Index climbed up 3.45%. Aurora Cannabis Inc. (ACB.TO) gained 3.8%. Aurora Cannabis Inc. (ACB.TO) and McGill University have announced the launch of an international collaborative medical research project that will comprehensively examine the therapeutic impact and human health outcomes of cannabidiol oil as a therapy for chronic pain and related anxiety and depression.

Canopy Growth Corporation (WEED.TO) jumped over 8% and Aphria Inc. (APH.TO) added 1.6%.

The Capped Materials Index ended 1.5% up. Wheaton Precious Metals Corp. (WPM.TO) moved up nearly 4%, Yamana Gold Inc. (YRI.TO) ended up 3.2%, Franco-Nevada Corporation (FNV.TO) gained 2.8%, B2 Gold (BTO.TO) advanced 2.9%, Goldcorp Inc. (G.TO) added 2.6%, Kinross Gold Corporation (K.TO) gained 2.4%, Agnico Eagle Mines (AEM.TO) climbed up 2.35%, while First Quantum Minerals (FM.TO) advanced by 1.1% and CCL Industries Inc. (CCL.B.TO) gained about 1%.

The Capped Energy Index moved up 0.6%. Cenovus Energy Inc. (CVE.TO) gained 3.1%, Enbridge Inc. (ENB.TO) advanced by nearly 2.5% and Husky Energy Inc. (HSE.TO) ended up 1.25%. Suncor Energy (SU.TO), Canadian Natural Resources (CNQ.TO) and ARC Resources (ARX.TO) gained 0.6% – 0.9%. Largo Resources (LGO.TO) gained 6.7%

The Capped Financial Index gained 0.56%. Royal Bank of Canada (RY.TO), Toronto-Dominion Bank (TD.TO), Bank of Nova Scotia (BNS.TO), Canadian Imperial Bank Of Commerce (CM.TO) and National Bank of Canada (NA.TO) gained 0.4% – 1%.

Information technology stocks were weak. Kinaxis Inc. (KXS.TO) shed more than 4%, Shopify Inc. (SHOP.TO) declined by 2.2%, Descartes Systems Group Inc. (DSG.TO) eased more than 2%, Enghouse Systems (ENGH.TO) ended 1.1% down and BlackBerry (BB.TO) ended nearly 1% down.

Exchange Income Corporation (EIF.TO) has declared dividends totaling $0.1825 per share for the month ended August 31, 2018, payable September 14, 2018 to shareholders of record at the close of business on August 31, 2018. The stock declined by about 1.7%.

Air Canada gained about 0.5%. The company announced on Thursday that its President and COO Benjamin Smith has said he will resign, effective August 31, 2018 to accept a role as chief executive officer at an European-based global airline.

KP Tissue Inc. (KPT.TO) shares gained 3.35%. The company announced on Thursday that it is planning a capital investment of $575 million in the Brompton area of Sherbrooke, Québec, to build a new, state-of-the-art tissue plant featuring Canada’s largest and most modern through-air-dry machine.

On the economic front, data from Statistics Canada showed that the CPI rose 0.5% on a seasonally adjusted monthly basis in July, following a 0.2% increase in June. The rate was forecast to edge up to 0.1%.

In economic news from U.S., consumer sentiment unexpectedly deteriorated in August, a report from the University of Michigan showed. The preliminary report said the consumer sentiment index dropped to 95.3 in August after edging down to 97.9 in July. Economists had expected the index to inch up to 98.0.

A report released by the Conference Board showed the index of leading U.S. economic indicators recorded a bigger than expected increase in the month of July. The Conference Board said its leading economic index climbed by 0.6% in July following a 0.5% increase in June. Economists had expected the index to rise by 0.4%.

In news from Eurozone, inflation accelerated for a third straight month in July, as initially estimated, to its highest level since late 2012, final data from Eurostat showed Friday. The harmonized index of consumer prices rose 2.1% year-on-year in July, after climbing 2% in June. The rate came in line with the estimate published on July 31.

The euro area current account surplus remained unchanged in June, data from the European Central Bank showed Friday. The current account surplus totaled a seasonally adjusted EUR 24 billion in June, the same as seen in May.

In commodities, crude oil futures for September ended up $0.45, or 0.7%, at $65.91 a barrel

Natural gas for September gained $0.041 or 1.141% at $2.941 per million btu.

Gold futures for December ended at $1,184.20, gaining $0.20, or 0.017%.

Silver futures for September declined $0.082 to $14.631 an ounce, while Copper futures ended up $0.0125 at $2.629 per pound.

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Turkey to continue diversifying partnerships with Europe, China, Middle East and Russia

In addition to diversification of partners, Turkey is also making efforts to promote alternative mediums of exchange in trade via use of local currencies, …

The recent rift in the economic and political ties between Turkey and the U.S. have unraveled the congestion in the existing world order and foregrounded the necessity of a modified and multipolar order with more economic and political alliances.

Highlighting the disruptions in the decades-long global system, Turkey is now working on a policy to design a broader framework for the world order, in which multiple partners have room to act and shape the economic and political affairs of the world. In addition to diversification of partners, Turkey is also making efforts to promote alternative mediums of exchange in trade via use of local currencies, particularly with China, Russia and Iran, in order to destabilize the financial domination of the U.S. dollar.

The crisis in Turkish-American ties recently escalated when U.S. President Donald Trump ordered sanctions on two Turkish ministers, Süleyman Soylu and Abdülhamit Gül, over the case of pastor Andrew Brunson, who is currently under house arrest on charges of links with the Gülenist Terror Group (FETÖ) and the PKK, a U.S.-designated armed terrorist organization. But this was not enough for Trump, who increased tariffs on imported steel from Turkey by 50 percent and aluminum by 20 percent on Aug. 10, leading to the continuous slide of the Turkish lira that saw the lira trading at 7.30 to $1 in Asian trading sessions early Monday.

The Turkish lira has lost nearly 45 percent of its value since the beginning of this year, with more than half of this loss occurring in the past two weeks when the crisis with the U.S. heightened.

The turbulence in the lira and the Turkish markets seemed to have a spillover effect on markets around the globe from Asia to the U.S. and particularly in emerging market currencies. This spreading impact showed how much Turkey was integrated with the global financial system. But it also showed how the U.S.-dominated financial system is a battle ground for the world’s first economy that does not hesitate to use its currency and economic and financial power as a punishment in its ties with allies and partners. This was the case when the U.S. administration decided to walk away from trade agreements with other North American countries and imposed conditions on European Union (EU) countries for continuous trade and increased tariffs on China. These developments in the U.S.’ dealings with its established trade partners, as well as political and military allies, are not unique to its ties with Turkey. Yet the Turkish-American crisis has demonstrated the crippled order.

As the row with the U.S. continues on economic and political grounds, Turkey has received supportive messages from its European partners, Russia, China, and Qatar.

Prior to President Recep Tayyip Erdoğan’s phone call with German Chancellor Angela Merkel on Wednesday, German government officials and ministers had repeatedly emphasized the importance of a strong Turkish economy for the stabilization of Europe. In the phone call with President Erdoğan, Merkel underscored that Turkey is a significant partner for Europe.

On Wednesday, Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani visited Ankara in an apparent show of support for Turkey, pledging $15 billion in direct investments in the country that found itself embroiled in a crisis with the U.S.

On Thursday, in a phone call with President Erdoğan, French President Emmanuel Macron highlighted the importance of the Turkish economy’s stability as the two discussed economic relations.

Last weekend, Italian Foreign Minister Enzo Moavero Milanesi sent a message of support to Turkey in an interview with Il Foglio newspaper on Saturday. The Italian minister said Turkey plays a significant role in the financial equilibrium of the Mediterranean region.

Recently on Friday, China’s Foreign Ministry said Turkey was capable of dealing with “temporary economic difficulties.”

“Turkey’s stability and development are conducive to regional peace and stability,” Foreign Ministry spokesman Lu Kang said in a statement.

“China believes that Turkey has the ability to overcome temporary economic difficulties and hopes that all parties concerned will resolve their differences through dialogue,” Lu said. Beijing always pays importance to China-Turkey cooperation in the fields of economy, trade and finance, he added.

At a time when the Shanghai Cooperation Organization (SCO) was discussing common currency in trade, President Erdoğan also reiterated his call for trade in local currencies with major trade partners like Russia, China and Iran. His call was immediately welcomed by Russia and Kremlin Spokesman Dmitry Peskov who said Moscow is aiming toward using national currencies in trade with Turkey, instead of dollars or euros.

The question of using national currencies in bilateral trade has been discussed many times in talks between Russia and Turkey, Peskov told journalists during a conference call in Moscow.

In April, Turkey and Iran issued the first letter of credit in the form of a national currency swap to exchange the Iranian rial and Turkish lira. The swap will ease trade, transactions between the two countries and lower foreign currency risks after both currencies faced depreciation recently. Under this system, there is no need to rely on a third-party currency, like the U.S. dollar or euro. Moreover, Turkey is also preparing to issue first renminbi-denominated bonds this year.

Also, as Trump’s trade wars with China and the EU grow, Russia and China announced that they would use more Chinese yuan instead of dollars in trade among themselves.

With all these developments, it becomes clear that the U.S. is not the only choice in the world system but in fact many medium-sized and big powers have more than one option.

All these examples show that U.S.’ economic power and its approach to using money as a foreign policy tool will not work in this currently emerging multipolar world order.

As the Trump administration continues its threats of sanctions against Turkey, Ankara’s improved relations with EU countries such as Britain, Germany and the Netherlands, as well as Russia, and its effort to develop financial new relationships with various parts of the world signals the new U.S. approach is backfiring.

“The old world financial order was undoubtedly tired and deeply flawed… the U.S. was not always an honest broker and the Europeans were never sufficiently united,” wrote Edward Hadas, a freelance journalist and author of Credit Crunch: Making Moral Sense of the Financial Crisis on Reuters, pointing to the fading financial order of which the U.S. has been champion.

Hadas suggests “a broader global financial order with new leaders and renewed institutions,” is the best solution for countries like Turkey.

Mehmet Ali Tuğtan, assistant professor of International Relations at Istanbul’s Bilgi University, emphasized that the U.S. hegemony is going under a global scale crisis. If the country fails to navigate this crisis with fourth industrial revolution developments and alternative energy resources, Tuğtan opined, the world will see a more contracted multipolar world. At present, he said, multipolarity is on the ascent in international relations, a process that began in the 2000s.

“Currently, we are going under an elusive period in which everything becomes more uncertain and blurry. The multipolar period indeed points to the increased competition among super powers. In such contexts, middle power countries like Turkey increase their agility to develop policies in the face of economic and political developments and expand their spectrum of alliances in accordance with national interests,” Tuğtan said. He highlighted that the world will see the emergence of more regional partnerships like the SCO in this period of fluid alliances.

Turkey is now capitalizing its position as a middle-power country by solidifying ties with Russia, China, Qatar, Kuwait and European countries including Germany and France, he added.

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UK Exchange, Crypto Facilities, Adds Bitcoin Cash (BCH) To Catalog

UK-based crypto futures exchange, Crypto Facilities, has announced plans to add Bitcoin Cash (BCH) to a long list of virtual currencies that it will start …

Truly, the crypto-verse has been awash with news that crypto-asset investors in the United States are having a hard time getting investment regulator, the SEC, to approve an exchange-traded fund.

This is not the same as their counterparts in the United Kingdom. The reason is that the UK futures trading companies are already listing more virtual currencies to their catalog.

Adding More

UK-based crypto futures exchange, Crypto Facilities, has announced plans to add Bitcoin Cash (BCH) to a long list of virtual currencies that it will start trading. The announcement say it will launch the contract on its exchange today.

Well, the company, which is also a futures marketplace CME Group partner, noted that the addition will be in line with UK laws. Indeed, in line with the UK Financial Conduct Authority, trading of BCH futures will start at 4:00pm British Standard Time (BST), the company says.

Existing Contracts

Now, BCH futures have joined a list of other existing futures contracts, such as BTC, ETH, XRP and LTC. So, the company advised all investors to take the opportunity and consider both long and short BCH futures positions.

Also, Crypto Facilities said that the new feature will enable investors to broaden their investment opportunities as well as effectively hedge risks.

Crypto Facilities Management Speaks

Well, the chief executive officer of Crypto Facilities, Timo Schlaefer, told CoinDesk that it was only logical that they include BCH as a highly capitalized virtual currency. He noted that the move became expedient given that they had already added many other futures offerings.

What’s more? He predicted that BCH futures would be popular because his customers have shown huge interests in the existing futures. He added that the exchange has witnessed massive futures volumes as high as $180 million in 24 hours. On national pay days, futures trading hit between $20 million and $60 million, he added.

The CEO Gives More Insight

And Schlaefer noted that from 2015 to date, the firm has witnessed a surge in trading. Last year was the highest volume of trade we recorded, he said.

Although Crypto Facilities does not have a branch in the United States, it has partnered with CME Group to launch its BTC futures contract in December. So, Crypto Facilities has two BTC price indices: CME BTC Real Time Index and the CME CF BTC Reference Rate. Indeed, the two products underpin futures product from CME Group.

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Forget Bitcoin ETF, an ETN Already Allows US Investors to Invest in BTC

Bitcoin ETF has been the big story of 2018 in the cryptocurrency space. But, a similar product already exists and with it, investors in US markets will be …
bitcoin etfbitcoin etf
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Bitcoin ETF has been the big story of 2018 in the cryptocurrency space. But, a similar product already exists and with it, investors in US markets will be able to allocate more funds into the bitcoin market.

Exchange-Traded Notes (ETNs) in Sweden

Nine companies have applied to the US Securities and Exchange Commission (SEC) to operate a bitcoin exchange-traded fund (ETF) in the US stock market. The Chicago Board Options Exchange (CBOE) and VanEck bitcoin ETFs are said to have the highest probability of being approved by the SEC by early 2019.

ETFs are publicly tradable instruments listed on the stock market which allow investors to trade assets and commodities with their brokerage accounts. Through ETFs, investors in the stock market can invest in commodities like copper and gold.

Investors in the cryptocurrency sector including BKCM founder Brian Kelly and Fundstrat analyst Tom Lee have said that the introduction of a bitcoin ETF in US markets will effectively legitimize the bitcoin and cryptocurrency market, opening the cryptocurrency sector to a group of investors who were previously not able to invest in BTC, possibly due to regulatory conflicts.

tom leetom lee
Fundstrat founder Tom Lee has said that a bitcoin ETF would help legitimize cryptocurrency as an asset class. | Source: YouTube/Upfront Ventures

However, it is not entirely true that investors in the traditional finance market cannot already invest in BTC and cryptocurrencies as a new asset class.

Since early last year, an ETN in Sweden operated by XBT Provider has demonstrated a significant increase in its volume, surpassing the volume of 80 percent of ETFs in the US.

Eric Balchunas, an ETF expert, said on Twitter in December:

“Sweden’s bitcoin ETN is now bigger and trades more than about 80% of US ETFs. It hit $700m in aum today while trading $220m this week (insane #s for Sweden)”

This week, the same ETF mentioned by Balchunas last year, opened in US markets under the ticker CXBTF.

Ryan Radloff, the CEO of CoinShares, which oversees the operation of the ETN, said that the expansion of the ETN from Sweden to the US is a monumental accomplishment for the Bitcoin sector.

“Given the current climate on the regulatory front in the U.S., this is a big win for Bitcoin. Everyone that’s investing in dollars can now get exposure to these products, whereas before, they were only available in euros or Swedish krona,” he said.

Is ETN as Good as an ETF?

Last year, billionaire investor Mark Cuban, the owner of the NBA team Dallas Mavericks, said in an interview with Bloomberg that he facilitated his first investment in bitcoin via the XBT Provider bitcoin ETN.

“It is interesting because there are a lot of assets which their value is just based on supply and demand. Most stocks, there is no intrinsic value because you have no true ownership rights and no voting rights. You just have the ability to buy and sell those stocks. BTC is the same thing. Its value is based on supply demand. I have bought some through an ETN based on a Swedish exchange,” said Cuban.

In a way, ETN provides similar liquidity and ability to investors in US markets to freely invest in bitcoin in the stock market.

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As Qualcomm (QCOM) Shares Declined, Summit Securities Group Trimmed Its Stake by $4.36 …

Summit Securities Group Llc decreased its stake in Qualcomm Inc (QCOM) by 31.66% based on its latest 2018Q1 regulatory filing with the SEC.

August 17, 2018 – By Megan Stone

Quanta Services, Inc. (NYSE:PWR) Logo

Summit Securities Group Llc decreased its stake in Qualcomm Inc (QCOM) by 31.66% based on its latest 2018Q1 regulatory filing with the SEC. Summit Securities Group Llc sold 79,208 shares as the company’s stock declined 10.48% with the market. The institutional investor held 170,992 shares of the radio and television broadcasting and communications equipment company at the end of 2018Q1, valued at $9.48 million, down from 250,200 at the end of the previous reported quarter. Summit Securities Group Llc who had been investing in Qualcomm Inc for a number of months, seems to be less bullish one the $97.02 billion market cap company. The stock increased 0.43% or $0.28 during the last trading session, reaching $66.04. About 10.68M shares traded or 9.71% up from the average. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 2.58% since August 17, 2017 and is uptrending. It has underperformed by 9.99% the S&P500. Some Historical QCOM News: 25/04/2018 – Qualcomm easing licensing terms in bid to strike deals; 09/05/2018 – Qualcomm sets new $10 bln buyback plan; 25/04/2018 – QUALCOMM EARNINGS RELEASE AVAILABLE ON COMPANY’S INVESTOR RELATIONS WEBSITE; 13/03/2018 – Yahoo! UK: Broadcom to end bid for Qualcomm, keeps plan to move to U.S; 21/05/2018 – QUALCOMM – COMMENCEMENT OF TRANSACTION TO EXCHANGE 4 SERIES OF OUTSTANDING NOTES TOTALING $4 BLN; 05/03/2018 – SVbizjournal: Breaking: Qualcomm delays key shareholder vote amid federal scrutiny of Broadcom deal; 07/03/2018 – BROADCOM – WILL ALSO FOCUS R&D SPEND TO QUALCOMM’S 5G TECHNOLOGIES THAT ARE “ESSENTIAL TO THE U.S.”; 25/04/2018 – QUALCOMM INC QTRLY QTL REVENUES OF $1,260 MLN VS $2,249 MLN REPORTED LAST YEAR; 15/05/2018 – QUALCOMM INTEGRATES NEWEST Wl-Fl SECURITY STANDARD ACROSS MOBILE AND NETWORKING INFRASTRUCTURE PORTFOLIOS; 19/03/2018 – Rep. Hunter: HUNTER ENLISTS DEFENSE SECRETARY MATTIS TO BLOCK QUALCOMM TAKEOVER

Southport Management Llc increased its stake in Quanta Svcs Inc (PWR) by 33.33% based on its latest 2018Q1 regulatory filing with the SEC. Southport Management Llc bought 10,000 shares as the company’s stock declined 0.20% with the market. The institutional investor held 40,000 shares of the capital goods company at the end of 2018Q1, valued at $1.37M, up from 30,000 at the end of the previous reported quarter. Southport Management Llc who had been investing in Quanta Svcs Inc for a number of months, seems to be bullish on the $5.08B market cap company. The stock increased 2.56% or $0.85 during the last trading session, reaching $34.03. About 805,720 shares traded. Quanta Services, Inc. (NYSE:PWR) has risen 14.77% since August 17, 2017 and is uptrending. It has outperformed by 2.20% the S&P500. Some Historical PWR News: 03/05/2018 – QUANTA SERVICES INC – INCREASES 2018 REVENUE AND EARNINGS PER SHARE EXPECTATIONS; 22/04/2018 – DJ Quanta Services Inc, Inst Holders, 1Q 2018 (PWR); 03/05/2018 – Quanta Services 1Q Rev $2.42B; 25/04/2018 – ASETEK RECEIVES CONFIRMATION OF HPC AWARD FROM QUANTA COMPUTER; 30/03/2018 – TAIPEI — Earnings at Taiwan’s contract electronics manufacturers are sinking under the weight of surging costs, production problems with the iPhone, and trade tensions between the U.S. and mainland China; 03/05/2018 – QUANTA SERVICES INC PWR.N SEES FY 2018 SHR $2.07 TO $2.47; 27/03/2018 – FDA: Inova Diagnostics Incorporated- QUANTA-Lyser 240 EIA, Part #GS0241. The instrument is a fully automated, high-throughput,; 03/05/2018 – QUANTA SERVICES INC PWR.N FY2018 SHR VIEW $2.56, REV VIEW $10.08 BLN — THOMSON REUTERS l/B/E/S; 23/05/2018 – Quanta Services Presenting at KeyCorp Conference May 30; 03/05/2018 – Quanta Services Sees 2018 Adj EPS $2.55-Adj EPS $2.95

Since February 27, 2018, it had 0 buys, and 8 insider sales for $4.87 million activity. The insider ROGERS ALEXANDER H sold $62,647. 11,670 shares were sold by Rosenberg Donald J, worth $618,603 on Tuesday, May 8. 16,082 shares were sold by AMON CRISTIANO R, worth $852,989 on Tuesday, May 8.

Analysts await QUALCOMM Incorporated (NASDAQ:QCOM) to report earnings on November, 7. They expect $0.69 EPS, down 15.85% or $0.13 from last year’s $0.82 per share. QCOM’s profit will be $1.01 billion for 23.93 P/E if the $0.69 EPS becomes a reality. After $0.91 actual EPS reported by QUALCOMM Incorporated for the previous quarter, Wall Street now forecasts -24.18% negative EPS growth.

More notable recent QUALCOMM Incorporated (NASDAQ:QCOM) news were published by: Seekingalpha.com which released: “NXPI Is ‘Significantly Undervalued’ After Qualcomm Merger Fails” on July 31, 2018, also Nasdaq.com with their article: “The Pros and Cons of Owning Apple Stock” published on August 16, 2018, Benzinga.com published: “For Qualcomm, Now Comes The ‘Really, Really Hard Part’” on July 26, 2018. More interesting news about QUALCOMM Incorporated (NASDAQ:QCOM) were released by: Seekingalpha.com and their article: “Qualcomm Bouncing Back” published on August 09, 2018 as well as Nasdaq.com‘s news article titled: “Will Top-Line Woes Hurt Qualcomm’s (QCOM) Earnings in Q3?” with publication date: July 23, 2018.

Among 37 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 2 Sell and 19 Hold. Therefore 43% are positive. Qualcomm Inc. had 160 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Tuesday, August 22 by KeyBanc Capital Markets. The firm has “Buy” rating given on Wednesday, January 31 by Cowen & Co. As per Thursday, April 19, the company rating was maintained by Stifel Nicolaus. The firm earned “Buy” rating on Tuesday, October 31 by Mizuho. As per Thursday, July 21, the company rating was maintained by Mizuho. The firm earned “Buy” rating on Monday, January 29 by RBC Capital Markets. The firm has “Buy” rating by Rosenblatt given on Thursday, January 28. The firm has “Overweight” rating given on Thursday, July 26 by KeyBanc Capital Markets. On Wednesday, March 7 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The firm has “Underperform” rating given on Friday, July 15 by BMO Capital Markets.

Summit Securities Group Llc, which manages about $409.05M US Long portfolio, upped its stake in Gilead Sciences Inc (NASDAQ:GILD) by 14,200 shares to 21,900 shares, valued at $1.65M in 2018Q1, according to the filing. It also increased its holding in Ishares Tr (AGG) by 44,437 shares in the quarter, for a total of 54,713 shares, and has risen its stake in Cisco Sys Inc (NASDAQ:CSCO).

Investors sentiment decreased to 0.78 in 2018 Q1. Its down 0.05, from 0.83 in 2017Q4. It dived, as 104 investors sold QCOM shares while 500 reduced holdings. 100 funds opened positions while 370 raised stakes. 1.11 billion shares or 0.11% less from 1.11 billion shares in 2017Q4 were reported. Tower Capital Lc (Trc) owns 144 shares or 0% of their US portfolio. Colonial Advisors has invested 0.05% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Meeder Asset Management accumulated 12,243 shares. Headinvest has 0.94% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Riggs Asset Managment Company Inc invested 0% in QUALCOMM Incorporated (NASDAQ:QCOM). Moreover, Manufacturers Life Insur Communication The has 0.1% invested in QUALCOMM Incorporated (NASDAQ:QCOM). Blackrock reported 116.60M shares. The Ohio-based Hengehold Mngmt Lc has invested 0.53% in QUALCOMM Incorporated (NASDAQ:QCOM). 912,500 are owned by Cincinnati Fincl. Keystone Financial Planning Incorporated reported 99,692 shares. Next Financial Incorporated reported 0.06% in QUALCOMM Incorporated (NASDAQ:QCOM). Regal Invest Advsr Llc holds 4,768 shares or 0.06% of its portfolio. California-based Ashfield Prtnrs Limited Liability Co has invested 0.04% in QUALCOMM Incorporated (NASDAQ:QCOM). Mutual Of Omaha Savings Bank Wealth Management owns 131,250 shares or 2.01% of their US portfolio. West Oak Limited holds 0% or 20,145 shares in its portfolio.

Among 15 analysts covering Quanta Services Inc. (NYSE:PWR), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Quanta Services Inc. had 52 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Mkt Perform” rating by FBR Capital on Monday, October 19. As per Friday, May 6, the company rating was maintained by Maxim Group. Citigroup upgraded the shares of PWR in report on Friday, August 18 to “Buy” rating. The stock of Quanta Services, Inc. (NYSE:PWR) has “Hold” rating given on Friday, October 2 by BB&T Capital. The stock of Quanta Services, Inc. (NYSE:PWR) has “Neutral” rating given on Friday, November 3 by Robert W. Baird. The firm earned “Hold” rating on Tuesday, September 5 by Robert W. Baird. The firm earned “Hold” rating on Friday, October 6 by Robert W. Baird. Stephens maintained the stock with “Buy” rating in Wednesday, January 31 report. The firm has “Buy” rating by Stifel Nicolaus given on Friday, October 6. The stock of Quanta Services, Inc. (NYSE:PWR) earned “Market Perform” rating by Avondale on Friday, November 18.

QUALCOMM Incorporated (NASDAQ:QCOM) Institutional Positions Chart

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