
Investors who focus on high-quality technology stocks will be rewarded come earnings season, according to Douglas C. Lane & Associates' Sarat Sethi. That's why he picked up shares of Qualcomm Inc (NASDAQ:QCOM) on the pullback.
"Qualcomm is just a depressed stock with a great balance sheet and they said they're going to buy back over $10 billion of their stock," Sethi said Friday on CNBC's "Fast Money Halftime Report."