Q3 Return: +10%
YTD Return: +10%
Investor: Paul R. La Monica
Qualcomm (QCOM) got off to a bit of a late start, as it was sitting on a flat performance halfway through the race.
Since then, though, the tech stock chosen by Paul R. La Monica has put on a solid show. In the last three months alone, QCOM posted a double-digit climb — more the double the gains of the broader market.
QCOM has a lot for investors to like, including a yield north of 2%, 22% earnings growth on tap for the current full year and a recently announced $5 billion buyback program.
Plus, despite its recent bump, QCOM still trades at a reasonable forward P/E near 13 — one of the original reasons La Monica recommended it originally.
Of course, investors will need to get very bullish, very quickly for QCOM to break into the top three, much less catch up with the two runaway leaders.