Mad Money Mailbag: Desirably Diversified
Editor's note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EST on CNBC.
I own Cognizant Technology (CTSH) - Get Cognizant Technology Solutions Corporation Class A Report, Home Depot (HD) - Get Home Depot, Inc. Report, Patterson UTI (PTEN) - Get Patterson-UTI Energy, Inc. Report, Raymond James (RJF) - Get Raymond James Financial, Inc. Report and Sirius Satellite (SIRI) - Get Sirius XM Holdings, Inc. Report. Am I diversified?-- Linda from Colorado
James J. Cramer:
An IT consultant, a retailer, an energy driller, a brokerage and a satellite radio play ... you are most certainly diversified!
What is your take on Qualcomm (QCOM) - Get Qualcomm Inc Report now that the quarter is out?-- Troy from California
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James J. Cramer:
First of all, I own this stock for my
Action Alerts PLUS charitable trust. I think that Qualcomm's guidance was misunderstood this quarter, and that the company should continue to see great momentum from the wireless broadband build out in 2006. With that in mind, I think the stock could see $50 in the near term.
Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by
.
