A drop in the number of newly laid-off workers and upbeat remarks from bellwether Cisco Systems injected confidence about an economic recovery ahead of this morning’s highly expected October jobs report, propelling the Dow average to its first close above 10,000 in two weeks. 

Cisco Systems’ (NASDAQ:CSCO) CEO John Chambers said he now sees a global economic recovery, fueling a rebound in the company’s sales this quarter.  The Dow average jumped 203 points, or 2%, while the tech-heavy NASDAQ, riding high on Cisco’s forecast, bolted up 50 points or about 2.4%. 

All ten S&P 500 industry groups ended in the green, with banking shares advancing 2.6% as analyst Dick Bove of Rochdale Securities noted the group will double by the end of 2010.  Technology shares advanced 2.2%.  Qualcomm Inc. (NASDAQ:QCOM) jumped 5.4% to $43.85 and Microchip Technology Inc. (NASDAQ:MCHP) gained 3.9% to $25.37 after it was raised to “buy"

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Qualcomm Inc. (QCOM) reported mixed financial results for its fourth quarter of fiscal 2009. Quarterly revenue of $2.69 billion was down 19% year-over-year and was down 2% sequentially. This was primarily due to lower sales of the company’s wireless chipsets and other related technologies. Fourth quarter revenue was also below the Zacks Consensus Estimate of $2.71 billion. On a GAAP basis, quarterly net income was $803 million or 48 cents per share. This was down 9% year-over-year and also down 9% sequentially. Fourth quarter adjusted (excluding special items) EPS was also 48 cents, above the Zacks Consensus Estimate of 46 cents. Quarterly operating income was $597 million, down 55% year-over-year and down 33% sequentially. This was mainly due to a charge of $230 million related to an estimated fine expected to be levied by the Korea Fair Trade Commission and another $35 million charge resulting from the ...

For Immediate Release

Chicago, IL – October 19, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Qualcomm Inc. (QCOM), MetroPCS Communications Inc. (PCS), NTT DoCoMo (DCM), Nokia Corp. (NOK) and Motorola Inc. (MOT).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Friday’s AnalystBlog:

Qualcomm Wins M-Banking Deal

Qualcomm Inc. (QCOM) recently entered into an agreement with MetroPCS Communications Inc. (PCS), through which the latter will offer mobile banking services to its customers using Qualcomm’s mobile banking applications. Qualcomm provides mobile banking solutions through its subsidiary Firethorn Holding LLC.

...

For Immediate Release

Chicago, IL – October 15, 2009 – Zacks.com announces the latest Industry Outlook. Today, Zacks Equity Research discusses the Telecom sector, including Qualcomm Inc. (QCOM), Vodafone Group Plc (VOD), China Mobile Ltd. (CHL), Amdocs Ltd. (DOX) and Tellabs Inc. (TLAB).

Here is the latest on the Telecom sector:

Telecom carriers and equipment providers that offer the most attractive opportunities are focused on 3G wireless technologies, emerging 4G technologies, broadband (DSL) and fiber-to-the-home/premises networking. Last year’s collapse of financial markets has left an indelible mark on many of us. We have seen that sector diversity is a less secure natural hedge in today’s increasingly correlated world markets.

However, the telecommunications industry as a whole offers a number of attributes that are difficult to ignore for most investors.

Telecommunications is a necessary utility: The need ...

Future sustainable growth of Qualcomm Inc (QCOM) is all set to come from its state-of-the-art next-generation Snapdragon technology platform. A major initiative of Qualcomm is the convergence of mobile computing with its Snapdragon solutions. These chipsets have been designed for pocket-sized portable computing devices.  This platform enables phone manufacturers to develop high-speed and more power efficient smart-phones and smart-books. We believe diversification into the mobile computing market was necessary for Qualcomm due to lukewarm growth of the company’s ordinary mobile phone chipset market. Massive growth of smart-phones may make up for these losses.  As of now, over 15 mobile device manufacturers are developing more than 30 Snapdragon-based products. Several leading software developers have started writing applications for mobile operating system, multimedia player, social networking, and productivity development tools based on the Snapdragon platform.  Acer Inc, Samsung Electronics Co. Ltd., and LG Electronics Inc are the ...

For Immediate Release

Chicago, IL – October 7, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Qualcomm Inc. (QCOM), NTT DoCoMo (DCM), Apple Inc. (AAPL), Verizon Wireless (VZ) and Nokia Corp. (NOK).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday’s Analyst Blog:

LTE Leading the Next Generation

Long-Term Evolution (LTE) technology is ahead in the race to be the most sought-after next-generation (4G) wireless network standard in the market. The 4G wireless networks are aiming to cope with substantial demand for high-speed wireless data services and mobile video.

The growing acceptance

...

Long-Term Evolution (LTE) technology is ahead in the race to be the most sought-after next-generation (4G) wireless network standard in the market. The 4G wireless networks are aiming to cope with substantial demand for high-speed wireless data services and mobile video. The growing acceptance of LTE technology has prompted the mobile handset makers to develop phones that will be compatible with this network. Qualcomm Inc (QCOM), one of the key developers of OFDMA (Orthogonal Frequency Division Multiple Access) based chipsets has decided to introduce the trial version of LTE-compatible chipsets during the fourth quarter of 2009. Industry sources predicted that the first LTE handsets may arrive on the market in the second half of 2010, but these next-generation smart-phones may to go mass market by early 2012. NTT DoCoMo (DCM) will launch LTE handsets in 2011 compatible with its current 3G network, enabling the customers ...

The machine-to-machine (M2M) wireless communications technology has become a major driving force for the next-generation mobile messaging system. M2M is a rapidly growing market opportunity. According to various industry sources, globally M2M connections may reach more than 200 million by 2014 with a total market valuation of approximately $57 billion. This new business model is emerging as a potential source of massive revenue to several telecom operators and equipment manufacturers. A typical mobile M2M messaging system establishes a wireless communications link to connect a group of devices to a computer server or another device for the purpose of transmitting data contained within those devices. This emerging M2M market provides the opportunity to mobile-enabled millions of devices, like cars, utility meters, vending machines and consumer electronics devices to get connected to a wireless network. In 2007, AT&T (T) had entered into an agreement with Jasper Wireless to ...

Dr Stock Pick HOT News & Alerts!

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FREE Daily Stock Alerts From DrStockPick.com

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Wednesday September 30, 2009

DrStockPick.com Stock Report!

QCOM, AQNM, VNO, PWRM, CMCSA, CSRH, MRVL, CVAT, CX

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QCOM, QUALCOMM Inc.

QCOM designs, manufactures, and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies.

QCOM was ordered by the Japan Fair Trade Commission to remove certain provisions from its license agreements with Japanese manufacturers.

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PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways, and mechanisms of diseases through the development of diagnostic tests and drug targets. Power3’s patent-pending

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Today we are featuring top-performing “Global" equity mutual funds, which primarily invest in equity securities of both US and foreign companies.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Global Equity Funds.

3 Worldly Picks

RS International Growth A (GUBGX) seeks long-term capital appreciation. This might be accompanied by dividend income, which may vary depending on factors such as the location of the investments.

The fund primarily invests in a diversified portfolio of foreign companies that can sustain above-average growth rates and trade at reasonable prices. As of March 31, its portfolio was 35%.

Gerard Callahan has led the fund since December 2007. The fund has topped total returns of its benchmark index in the last 1-, 3- and 5-year periods.

Lord Abbett Global Allocation A (LAGEX) seeks long-term growth of capital and income by investing in domestic

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