Best Stock for 2013: Qualcomm
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.”