10 Experts Pick the 10 Best Stocks for 2013

The 'smart money' gives you their best buy-and-hold predictions

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Best Stock for 2013: Qualcomm

CNNMoney’s Paul R. La Monica made it into the top five in 2012, betting on FedEx (NYSE:FDX) and a steadily improving economy. This year, though, he’s going a very different direction: tech.

Specifically, he is expecting mobile to be the dominant theme of the year, which is why Qualcomm (NASDAQ:QCOM) jumped out to him. The company, which was huge in the late 90’s, is a leading maker of chipsets for tech gadgets.

That’s not all, though. QCOM also passed a rigorous stock screen he ran. “Qualcomm was one of only seven S&P 500 stocks that came up when I looked for companies that pay dividends, have relatively low debt, trade at a reasonable P/E ratio and have estimates for double-digit growth this year and next for both earnings and revenue,” he writes.

“Qualcomm truly is the mighty Q.”

Read Paul’s complete recommendation on Qualcomm.

Article printed from InvestorPlace Media, http://investorplace.com/2013/01/10-experts-pick-the-10-best-stocks-for-2013/.

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