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 Report), Home Depot (HD - Get Report), Patterson UTI (PTEN - Get Report), Raymond James (RJF - Get Report) and Sirius Satellite (SIRI - Get 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 Report) now that the quarter is out?

-- Troy from California

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 clicking here.