ARM Poised to Benefit From Smartphone Shift and 4 Chip and Big Data Stocks on the Move

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QUALCOMM Incorporated (NASDAQ:QCOM): U.S. regulators and Chinese authorities have been fighting over the right to oversee audits of companies located in China, and various U.S. multinational firms may face collateral damage, according to the Wall Street Journal. If the SEC comes out on top, the firms may possibly be banned from auditing dozens of Chinese companies that are listed on U.S. markets. Furthermore, an SEC victory could affect U.S. multinationals such as Apple (NASDAQ:AAPL), Qualcomm, and Kimberly-Clark Corp. (NYSE:KMB) that have major Chinese operations.

ARM Holdings plc (NASDAQ:ARMH), Broadcom (NASDAQ:BRCM), and Skyworks Solutions (NASDAQ:SWKS) are in the position to see a good profit from the secular shift toward smartphones and tablets, requiring more chip content per device than basic flip phones, in future years.

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Rackspace Hosting, Inc. (NYSE:RAX) shares keep their Overweight rating at Piper Jaffray, which currently, gives the stock a has a $77.00 price target.

EMC Corporation (NYSE:EMC) has a Neutral rating.

Seagate Technology PLC (NASDAQ:STX) saw a great deal of bullish option activity recently, but trading today was topped by a downside position. There were 2,000 January 30 puts that traded in a strong buying pattern in less than 2 minutes during the morning, this was led by a block of 1,462 that went for $0.57. This is a new position, as open interest in the strike was just 44 contracts at the start of the session.

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