YTD Return: +21%
Investor: 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.