Jim Cramer's Stop Trading! Qualcomm Questions
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Don't touch this Qualcomm (QCOM Quote) rally, Jim Cramer said Friday on CNBC's "Stop Trading!" segment.
Cramer said he believes the fundamentals are solid at the San Diego-based wireless chip company, but he doesn't like the trading in Qualcomm stock, up 54 cents Friday at $42.79. Cramer said he sees some "walking up" buying by funds that want to nail down an outperforming quarter by pushing the stock higher. Buying into such a rally is dangerous because the rest of tech has been so tepid, Cramer said.
Cramer also questions the rush into Take-Two (TTWO Quote), saying that it's not easy to "clean up financials" and that the video gamer is emerging as "such a promised-land situation." ...
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