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The 10 Best Stocks for 2013 – Who Will Win the Crown?

A few of these top stocks are slaying the broader market

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#4: Qualcomm

best-stocks-of-2013-qcom-stockYTD Return: +21%
Paul R. La Monica

Qualcomm (QCOM) has been attempting to post a comeback in the Best Stocks for 2013 race … but it needs to get things in gear soon if it wants to win the title, or at least squeeze into the top three.

QCOM stock got off to a bit of a late start, with 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. And in the last month alone, it’s gained 7% vs. a climb of under 2% for the broader market.

Qualcomm stock has a lot that could make it one of the best stocks of 2013, too, including a yield north of 2%, almost 22% earnings growth on tap per year over the next half-decade and a recently announced $5 billion buyback program.

Plus, despite its recent run, QCOM still goes for a reasonable forward P/E of 13 — one of the original reasons La Monica thought it would be one of the best stocks for 2013 to start.

The bad news: Time is running out for Qualcomm.

Article printed from InvestorPlace Media,

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