Four Stocks for Cell-Phone Mania

Back home, for the more conservative investors, two great choices are telecom giant Verizon Communications and chip giant Qualcomm(QCOM Quote).

Verizon is the strongest and most undervalued of the major telephone networks, and it has done an outstanding job of rising above its humble wire-line roots to craftily challenge rivals in providing both video and wireless services. Shares should rise in tandem with improving earnings, potentially hitting $45 next year, or 20% above their $38 price today.

Qualcomm has suffered association with its less-capable semiconductor peers for seven years, but as the clouds for tech stocks lift, you should see its shares trek toward at least $51 from their current perch at $39.80, which would be a 28% move.

I'd love to provide some more picks, but my phone is ringing. Catch you later.

At the time of publication, Markman did not own or control shares of companies mentioned in this column.