NEW YORK (Real Money) -- If it weren't for Twitter's (TWTR) initial public offering, this day would be so different. The entire focus would have been on two growth stocks that everyone had loved coming in -- Whole Foods (WFM) and Qualcomm (QCOM) -- even as I think only one of them deserves that adoration.
We focus on these two because Whole Foods is among the fastest-growing of the senior growth stocks in retailing, and Qualcomm is pretty much the same for semiconductors.
Both have spoiled us in the last few years: Qualcomm has put in pretty consistent 30% revenue growth, and Whole Foods has been delivering same-store sales growth of 5.9% to 7%. Both are at top of game for their respective groups, and both stocks are true core holdings in the business.
That's why it was so jarring to hear both of them lower their growth rates.
Now, that said, I have not been a fan of Qualcomm. That's because, while it has given you high growth as phone companies have transitioned from 3G to 4G and as China has rolled out better coverage, I actually find the firm maddeningly inconsistent. When Qualcomm meets with analysts two weeks from now, it would be perfectly within the company's ways to raise the growth rate back because of new orders, or because of lessened concentration at the top tier of customers vs. what management had previously thought -- which was the principal reason for the guide-down.