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 0.8%. By the end of trading, Qualcomm rose $0.79 (1.1%) to $70.09 on average volume. Throughout the day, 14,038,175 shares of Qualcomm exchanged hands as compared to its average daily volume of 12,658,300 shares. The stock ranged in a price between $69.39-$70.37 after having opened the day at $69.39 as compared to the previous trading day's close of $69.30. Other companies within the Telecommunications industry that increased today were: Glowpoint ( GLOW), up 16.5%, Deltathree ( DDDC), up 11.1%, eOn Communications Corporation ( EONC), up 7.5% and Sky-mobi ( MOBI), up 7.5%.

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 $116.7 billion and is part of the technology sector. Shares are up 10.0% year to date as of the close of trading on Monday. Currently there are 22 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 4 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 increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, PT Indosat TBK ( IIT), down 20.7%, Zoom Technologies ( ZOOM), down 12.0%, Pointer Telocation ( PNTR), down 9.0% and RRSat Global Communications Network ( RRST), down 5.6%.

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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