Qualcomm (QCOM) has been on a meteoric rise of late. In fact, it’s up 70% over the last 3 months. Let’s dig into the stock a bit deeper from a POWR Ratings perspective to see if it has what it takes to keep moving higher in the weeks and months ahead.

Buy & Hold Grade = A

Here we are looking at the long term momentum because a stock in motion likely stays in motion when there are positive fundamental catalysts at play (like their recently impressive earnings report). QCOM passes this test with flying colors.

Trade Grade = A

Under the heading “what have you done for me lately?” QCOM has rallied 70% over the past 3 months and 47% in just the past month. So the short term trend is our friend.

Industry Rank = B

Stocks are typically jugged by the company they keep. So it’s important that they are in an attractive industry group. Gladly that is the case with their “Semiconductor & Wireless Chip” group being #24 ranked out of 123 Industries.

Peer Grade = A

This is a large group with 90 stocks in total. Yet according to our analysis QCOM is the #4 rated stock in the group as it is vastly outperforming its peers. The only ones with higher rating is TSM, AVGO and TXN. Yet there are 86 in the group not looking as impressive.

POWR Rating = A (Strong Buy)

When you put it altogether there is a lot to like in QCOM shares as it is hitting on all cylinders. Thus, it has the makings of a stock likely to continue outperforming in the days ahead.

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About the Author: Steve Reitmeister

Steve is better known to the StockNews audience as “Reity”. Not only is he the CEO of the firm, but he also shares his 40 years of investment experience in the Reitmeister Total Return portfolio. Learn more about Reity’s background, along with links to his most recent articles and stock picks. More...