Qualcomm Inc

(

QCOM

) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 3.3%. By the end of trading, Qualcomm Inc rose $2.08 (4%) to $53.94 on light volume. Throughout the day, 12.1 million shares of Qualcomm Inc exchanged hands as compared to its average daily volume of 16.9 million shares. The stock ranged in a price between $53.19-$54.04 after having opened the day at $53.42 as compared to the previous trading day's close of $51.86. Other companies within the Telecommunications industry that increased today were:

XFONE Inc

(

XFN

), up 33.1%,

Powerwave Technologies Inc

(

PWAVD

), up 18.8%,

Schawk Inc

(

SGK

), up 15.3%, and

Pendrell

(

PCO

), up 15.3%.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. Qualcomm Inc has a market cap of $91.58 billion and is part of the

technology

sector. The company has a P/E ratio of 19.3, below the average telecommunications industry P/E ratio of 21.6 and above the S&P 500 P/E ratio of 17.7. Shares are up 4.8% year to date as of the close of trading on Friday.

TheStreet Ratings rates Qualcomm as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider

iShares Dow Jones US Telecom

(

IYZ

) while those bearish on the telecommunications industry could consider

ProShares Ult Sht Telecommunication

(

TLL

).

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