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3 Wireless Stocks Likely to Transcend Demand-Supply Imbalance

The Zacks Wireless Equipment industry appears to be plagued by uncertainties triggered by supply chain disruptions and chip shortage, with large-scale investments to support the transition to 5G and high R&D and raw material costs further eroding margins. Also, tense bilateral trade relations between the United States and China have rendered a grim picture for the near future.

Nevertheless, Qualcomm Incorporated QCOM, Nokia Corporation NOK, and Clearfield, Inc. CLFD are likely to benefit in the long run from the increasing demand for state-of-the-art wireless products and services with wide proliferation of IoT driven by a faster pace of 5G deployment.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
QUALCOMM Incorporated (QCOM): Free Stock Analysis Report
Nokia Corporation (NOK): Free Stock Analysis Report
Juniper Networks, Inc. (JNPR): Free Stock Analysis Report
Motorola Solutions, Inc. (MSI): Free Stock Analysis Report
Clearfield, Inc. (CLFD): Free Stock Analysis Report
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