Qualcomm Stock Will Continue to March Higher, Says Jim Cramer
Jim Cramer believes Qualcomm's merger with NXP will benefit shareholders, and the stock will continue to advance.
Qualcomm (QCOM) - Get Report is due to report earnings on Wednesday, and Jim Cramer says he's bullish on the stock, especially since the company agreed to buy semiconductor company NXP (NXPI) - Get Report . "I think Qualcomm is going to do exactly what Avago did," explained Cramer. Earlier this year, Avago and Broadcom (AVGO) - Get Report merged. "When they brought Broadcom, they were no longer hostage to Apple (AAPL) - Get Report ." Cramer says he thinks shares of Qualcomm will continue to go higher from here. Cramer is portfolio manager of the Action Alerts PLUS charitable trust.
