Qualcomm Inc. (QCOM): Today's Featured Telecommunications Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Qualcomm ( QCOM) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.9%. By the end of trading, Qualcomm rose $0.75 (1.2%) to $62.21 on average volume. Throughout the day, 11,464,405 shares of Qualcomm exchanged hands as compared to its average daily volume of 14,596,800 shares. The stock ranged in a price between $61.50-$62.21 after having opened the day at $61.68 as compared to the previous trading day's close of $61.46. Other companies within the Telecommunications industry that increased today were: Alaska Communications Systems Group ( ALSK), up 31.1%, Deltathree ( DDDC), up 15.0%, Oi ( OIBR), up 12.7% and Partner Communications Company ( PTNR), up 9.9%.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. Qualcomm has a market cap of $105.6 billion and is part of the technology sector. Shares are down 1.2% year to date as of the close of trading on Friday. Currently there are 25 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 3 rate it a hold.

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, impressive record of earnings per share growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, B Communications ( BCOM), down 5.3%, MERU Networks ( MERU), down 4.5%, Linktone ( LTON), down 3.8% and Zoom Technologies ( ZOOM), down 3.7% , were all laggards within the telecommunications industry with BCE ( BCE) being today's telecommunications industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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