Qualcomm has been far outperforming the market as a result of its ties to the mobile sector. Quarterly profit is up 17%, although the company lowered its full-year guidance. In the long term, its recurring revenue from licensing fees should help it continue to grow.
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Andrew Tonner and Austin Smith have no positions in the stocks mentioned above. The Motley Fool owns shares of Qualcomm. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.