Jim Cramer Says You Should Avoid These 5 Stocks

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1. Qualcommm Inc (NASDAQ:QCOM)

Number of Hedge Fund Investors: 78

Earlier this month Jim Cramer had called Qualcommm Inc (NASDAQ:QCOM) a “quandary” and said that while he understands that “people would wanna own it,” the stock is “not for me.” Over the past one year Qualcommm Inc (NASDAQ:QCOM) shares have gained about 37%.

As of the end of the fourth quarter of 2023, 78 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Qualcommm Inc (NASDAQ:QCOM).

Madison Sustainable Equity Fund stated the following regarding QUALCOMM Incorporated (NASDAQ:QCOM) in its fourth quarter 2023 investor letter:

“QUALCOMM Incorporated (NASDAQ:QCOM) also reported a solid fourth fiscal quarter with better than expected results. The company guided the first quarter ahead of expectations despite headwinds from Samsung as the inventory headwinds dissipate. Qualcomm remains well positioned in the mobile handset market and should benefit as Artificial Intelligence moves to edge devices which could drive an upgrade cycle.”

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