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 down 0.6%. By the end of trading, Qualcomm rose $0.96 (1.3%) to $74.22 on average volume. Throughout the day, 14,901,206 shares of Qualcomm exchanged hands as compared to its average daily volume of 10,499,700 shares. The stock ranged in a price between $72.62-$74.49 after having opened the day at $72.68 as compared to the previous trading day's close of $73.26. Other companies within the Telecommunications industry that increased today were: Blonder Tongue Laboratories ( BDR), up 10.1%, Alvarion ( ALVR), up 9.5%, JDS Uniphase Corp (CA ( JDSU), up 4.5% and eOn Communications Corporation ( EONC), up 4.2%.

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communications products and services based on code division multiple access (CDMA), orthogonal frequency division multiple access (OFDMA), and other technologies. Qualcomm has a market cap of $120.0 billion and is part of the technology sector. The company has a P/E ratio of 19.4, above the S&P 500 P/E ratio of 17.7. Shares are down 4.2% year to date as of the close of trading on Thursday. Currently there are 20 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 5 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Ikanos Communications ( IKAN), down 16.0%, TeleCommunication Systems ( TSYS), down 7.7%, xG Technology ( XGTI), down 7.0% and Novatel Wireless ( NVTL), down 6.6% , were all laggards within the telecommunications industry with Motorola Solutions ( MSI) 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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