Jim Cramer Does Not Like These 5 Stocks

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1. Qualcomm Inc (NASDAQ:QCOM)

Number of Hedge Fund Investors: 78

In a latest Lightning Round program on CNBC, Jim Cramer was asked about Qualcomm Inc (NASDAQ:QCOM). Cramer said Qualcomm is a “quandary” to him. He said while he understands that many people would like to own the stock, Qualcomm Inc (NASDAQ:QCOM) is “not for me.”

Earlier this month, Qualcomm Inc (NASDAQ:QCOM) increased its quarterly dividend by 6.3%.

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 Qualcomm Inc (NASDAQ:QCOM), up from 67 hedge funds in the previous quarter.

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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