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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.
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Qualcomm (QCOM) - Get QUALCOMM Incorporated 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 NXP Semiconductors N.V. Report . "I think Qualcomm is going to do exactly what Avago did," explained Cramer. Earlier this year, Avago and Broadcom (AVGO) - Get Broadcom Inc. Report  merged. "When they brought Broadcom, they were no longer hostage to Apple (AAPL) - Get Apple Inc. 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.

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