Jim Cramer's Stop Trading! Qualcomm Questions

Cramer says stay away from this rally.
Publish date:

Don't touch this


(QCOM) - Get Report

rally, Jim Cramer said Friday on


"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


(TTWO) - Get Report

, saying that it's not easy to "clean up financials" and that the video gamer is emerging as "such a promised-land situation."

Cramer likes the best-of-breed agriculture plays, though, citing the nation's attraction to the ethanol silver bullet. Cramer likes


(DE) - Get Report

, saying that "when farmers get money they buy equipment," and


(BG) - Get Report

, the sultan of soybeans.

But best of all is

Archer Daniels

(ADM) - Get Report

, which Cramer said is "in the sweet spot." He rules out more speculative ethanol-only names, saying there's no need to "roll the dice."

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.