Don't touch this
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
, 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
, saying that "when farmers get money they buy equipment," and
, the sultan of soybeans.
But best of all is
, 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
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