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Slow Money Trade: Adami's Tech Pick

We asked the traders, “if you could only pick one stock to buy and hold for the next 5 years which would it be?” You might be surprised by what they say.

Guy Adami recommends Qualcomm . Here’s why!

--World's largest market of mobile phone chips

--Qualcomm chips in 22% of all wireless devices

--Beating Nasdaq over last 1yr., 5yr., & 10yr. timeframes

The stock is trading in a band between $32 and $52, explains Adami. Valuations look fair. I can’t say it’s going up tomorrow but for the long-term it looks good.

Want more Slow Money trades? We've got them!

Check our website on Thursday October 1st for the premiere of a complete list of all our traders’ favorite ‘slow money’ picks.


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Trader disclosure: On Sept. 28th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Terranova Owns (F), (KCE), (SUN), ABT); Terranova Is Short (CCL), (ESS); Terranova Works For (VRTS); Grasso Owns (AAPL), (ABK), (BAC), (C), (COST), (CSCO), (PFE), (V), (WMT); J. Najarian Owns (AAPL), (ACI), (BAC), (BX), (GHL), (GS), (SF), (TTWO),, (WFC), (MU), (PXP); J. Najarian Is Short (V); J. Najarian Owns (RIMM) & (RIMM) Calls

For Steve Grasso
Stuart Frankel Owns (ACS)
Stuart Frankel Owns (GERN)
Stuart Frankel Owns (HSPO)
Stuart Frankel Owns (MSFT)
Stuart Frankel Owns (NWS.a)
Stuart Frankel Owns (NYX)
Stuart Frankel Owns (PFE)
Stuart Frankel Owns (PDE)
Stuart Frankel Owns (ROK)
Stuart Frankel Owns (XOM)
Stuart Frankel Owns (PFE)
Stuart Frankel Owns (SDS)
Stuart Frankel Is Short (QQQQ)

For Dennis Gartman
Gartman Owns Gold In Euros
Gartman Owns 10-Year Bonds
Gartman Owns (AAPL)

For Geoff Porges
A Member of Porges' Household Owns (VRTX)
A Member of Porges' Household Owns (EXEL)
Sanford Bernstein Owns (HGSI)
Sanford Bernstein Owns (GILD)
Sanford Bernstein Owns (AMGN)
Sanford Bernstein Owns (CELG)
Sanford Bernstein Owns (VRTX)
Sanford Bernstein Makes A Market In (HGSI)
Sanford Bernstein Makes A Market In (GILD)
Sanford Bernstein Makes A Market In (GENZ)
Sanford Bernstein Makes A Market In (BIIB)
Sanford Bernstein Makes A Market In (AMGN)
Sanford Bernstein Makes A Market In (CELG)
Sanford Bernstein Makes A Market In (VRTX)


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