This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Qualcomm Is Surest Bet in the Mobile Market

Then again, this further highlights the dominance of Qualcomm as the company continues to confound skeptics. As noted, one of Qualcomm's advantages is that it is one of Apple's major suppliers. But, ahead of the report, there were concerns about Apple's supply chain issues.

Plus, that Apple didn't woo the Street with its Q1 earnings results, there were many who rushed to proclaim the end of Qualcomm's stellar growth. That was not the case. The company was still able find growth while the rest of the sector suffered demand hardships.

Qualcomm continues to affirm why it has not only one of the best businesses in the entire market, but also one of the best management teams. And chip rivals such as Broadcom (BRCM) and Nvidia (nvda)will find it increasingly challenging to make a dent in Qualcomm's business.

To that end, Qualcomm continues to reinvest heavily in R&D to ensure that its chip technology remains the top choice as Apple, Samsung and the rest of the phone rivals battle it out. There are plenty of reasons to love this business and the stock. Not the least of which is that management raised revenue guidance -- suggesting that 2013 might be an even bigger year.

The stock seems cheap at current levels. I would be adding shares until the company shows meaningful signs of slowing growth. The stock has enough momentum to reach $75 to $80 by the second half of the year -- because regardless of who comes out on top in device dominance, Qualcomm wins either way.

At the time of publication the author held long positions in AAPL.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
Richard Saintvilus is a private investor with an information technology and engineering background and has been investing and trading for over 15 years. He employs conservative strategies in assessing equities and appraising value while minimizing downside risk. His decisions are based in part on management, growth prospects, return on equity and price-to-earnings as well as macroeconomic factors. He is an investor who seeks opportunities whether on the long or short side and believes in changing positions as information changes.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.74 -0.54%
GOOG $710.19 1.20%
INTC $30.03 0.43%
QCOM $50.84 -0.57%
TXN $57.20 0.99%


Chart of I:DJI
DOW 17,734.44 +73.73 0.42%
S&P 500 2,056.90 +6.27 0.31%
NASDAQ 4,731.89 +14.7960 0.31%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs