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Jim Cramer: Motorola’s Droid disappoints, so buy Apple

Monday, November 9, 2009 · 4:40 pm · 27 Comments

“Apple stalled out after its most recent quarter, Cramer said during Monday’s Stop Trading!, but the stock is ‘ready to roll,’” Tom Brennan reports for CNBC.

“Despite the hype, consumers seemed to shrug at Motorola’s new Droid smartphone,” Brennan reports.

“Cramer likened Apple to Google, which also paused after its earnings report, but should ramp on news that the company is buying AdMob, a mobile advertising firm,” Brennan reports.

“Cramer reiterated his 2010 price targets of $300 and $700 for Apple and Google, respectively,” Brennan reports.

Full article here.

MacDailyNews Note: Shares of Apple Inc. (AAPL) closed up $7.12, or 3.66%, to $201.46 at the end of regular trading today.

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Comment Feed

27 Comments

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Murasaki

Monday, November 9, 2009 - 6:09 pm · Reply

Cramer…is strange. Google at $700???
Joe

Monday, November 9, 2009 - 6:13 pm · Reply

I hate that name “Droid”. Every time I hear it, I can’t help but think about this scene from National Lampoon’s Vacation:

http://www.youtube.com/watch?v=Up8siWU92yI

“You got Ass Droids?” “No, but Verizon does.”
chris f

Monday, November 9, 2009 - 6:25 pm · Reply

so thats why apples stock went up this morning for no apparent reason. the insider assholes knew cramer would be pumping apple today. oh well, better than dumping.
@chris f

Monday, November 9, 2009 - 6:34 pm · Reply

I think it went up today because of the news that the iPhone will be sold at RadioShack. (Not that that’s any more rational…who goes to radio shack anymore?)

http://www.theonion.com/content/news/even_ceo_cant_figure_out_how
m159

Monday, November 9, 2009 - 6:56 pm · Reply

As we’ve been saying since before these “iPhone killers” have started being released, this is a reprise of iPod history. People are thrilled with the Apple product. No-one is crying for something else. Blackberries look medieval by comparison. The imitators try to copy the look but can’t match Apple’s functionality, and then the iPhone gets better with each version. So the wannabes can only tear at each other’s share of the non-Apple market, the scraps.
derekcurrie

Monday, November 9, 2009 - 7:05 pm · Reply

Would someone please put Jim Cramer out of our misery?!

He’s an admitted Apple stock manipulator, aka asshole. Clearly, anything good he has to say about Apple is in his own personal benefit, and is therefore of questionable value.

I bet the Google/Verizon Droit is a POS. But I’d rather that:
(A) Someone qualified provide the review.
(B) Jim Cramer STFU.
Foris

Monday, November 9, 2009 - 7:06 pm · Reply

Who takes any notice of Cramer any more? Self confessed market manipulator, he always has an angle. In this case, I want to believe what he’s saying, but the alarm bells are ringing so loud I can’t pay attention…
Predrag

Monday, November 9, 2009 - 7:21 pm · Reply

I bet Droid is actually NOT a POS. This doesn’t make it anywhere near as good as the iPhone. It just makes it a decent attempt by Motorola.

There are people who simply must be on Verizon (for various reasons). They are ecstatic (possibly orgasmic) that a device such as Droid has come to Verizon. Since they have no hope of getting an iPhone, Droid is infinitely better than anything else in the Verizon universe.

I am happy for those Verizon users. Others are quite welcome to the iPhone (on AT&T).
@Predrag

Monday, November 9, 2009 - 7:27 pm · Reply

No multi-touch. Extremely heavy. Can’t do voice and data at the same time. Sluggish interface.

It may be the best Motorola can do, but next to the iPhone it’s still a POS.
DogGone

Monday, November 9, 2009 - 7:31 pm · Reply

Apple is on the rise with most other tech stocks. Even M$hit is at a 52 week high.

The good news is that the brokers seemed to have stopped their sell off and we’re off pumping appl again.
qka

Monday, November 9, 2009 - 7:49 pm · Reply

MDN -

What the hell did your excerpt say? Made no sense to me.

But then again, we’re talking about Jim Cramer, and he makes no sense either.
auramac

Monday, November 9, 2009 - 8:25 pm · Reply

Both Verizon and Cramer are arrogant POS’s.

My wife refuses to get Verizon Fios due to their customer service, and, amazingly enough, their cell phones don’t work in our house. Which means, we finally get to leave Sprint (which has woked well for us all over) and go to AT & T for an iPhone, or, if AT & T still doesn’t work after the past two years, stick with Sprint and get an iPod Touch for myself!
The Real Rob

Monday, November 9, 2009 - 8:54 pm · Reply

Like anybody cares what Cramer says about anything.
Rike

Monday, November 9, 2009 - 9:13 pm · Reply

T-Mobile and a iPod touch work very nicely.
Pump it Up

Monday, November 9, 2009 - 9:36 pm · Reply

In other words, Jim has a ton of Apple stock he wants to make a fortune off of. If you are looking for some fun, check out John Stewart tearing this crook apart on the Daily Show.
R

Monday, November 9, 2009 - 9:54 pm · Reply

I think Droid actually is a good thing. With all the depressing news lately and the apparent attempt to make life in the West more difficult, it’s nice to see an American company come up with something completely unexpected that gets good reviews. I bet Droid is good and at least deserves some attention. People had completely written out Motorola of the smartphone discussion. They deserve some kudos and from what I’ve read of their current CEO, he is a smart risk taker. If my read on this guy is right, there’s something to watch with Moto in the next couple years.

Now, when the next iteration of the iPhone comes out, all bets are off.
mike

Monday, November 9, 2009 - 10:50 pm · Reply

‘In other words, Jim has a ton of Apple stock he wants to make a fortune off of. If you are looking for some fun, check out John Stewart tearing this crook apart on the Daily Show.’

Ha, you fscking moron, its a CHARITABLE TRUST.

CHARITY.

Get it? He doesn’t work anymore. He sells fsckin books and does the show, with the actual investments going to CHARITY.

The reason he “pumps up his Charitable funds stocks” is because…. wait for it.. wait for it… WHY THE FSCK WOULD HE INVEST IN STOCKS HE DIDN’T LIKE?

Tool.
alsoran

Monday, November 9, 2009 - 11:21 pm · Reply

Cool it mike.
DogGone

Monday, November 9, 2009 - 11:25 pm · Reply

@ Mike

The problem with trading in stocks (even if it is for a trust) and giving stock advice is that even if it it unintentional there is always a bias towards the stocks owned.

Since Cramer also earns money through the success of his show and books, there is also some degree of motivation for making those predictions come true.

I guess that is why analysts had to start disclosing interests when they make recommendations and commentary.
Sixvodkas

Monday, November 9, 2009 - 11:34 pm · Reply

Dunno…

Much like last year (a couple Norwegian’s in the pub showed off their HTC Diamond), a Droid or two made their way to the bar tonight.

The result? Same as last year.

In ’08, those 2 Lutefisk eaters ended up trading their weird-assed HTC’s in for iPhones, and after a Verizon network punishing speed demo tonight, I can’t help but think AT&T;gains more subscribers.

I mean seriously?!?

Place a Droid side-by-side on Verizon’s overhyped network against AT&T;and you’ll see what I mean.

Take your pick- Either Verizon’s network blows chunks, “No”torola’s phone serves better as a doorstop, or Google’s wacky OS overdosed, because there’s no way that thing compared to the 3GS.
mike

Tuesday, November 10, 2009 - 12:20 am · Reply

“Since Cramer also earns money through the success of his show and books, there is also some degree of motivation for making those predictions come true.”

‘Making’ those predictions come true? You think Cramer’s little show can push up Apple stock to another 50%? Hilarious. Do you have any idea how much money institutional investors (who already know everything Cramer spouts on TV, hence aren’t watching) have to pour into a stock to make it go up just 10%? Amazing. Being so informed on Apple, I guess I’m surprised you didn’t just think… a) Apple’s got a great company b) Apple’s dominant in mobile internet c) Cramer sees the mobile internet market going crazy d) Cramer picks the big dog in mobile internet

“I guess that is why analysts had to start disclosing interests when they make recommendations and commentary”

And why, Cramer, in the exact same way discloses his portfolio holdings at the drop of a hat, whenever mentioning one of his stocks, and mentions parent company GE whenever discussing that stock? Wow, I hadn’t realized. Amazing.

You’re right, there is a vested interest when you buy a stock, and then hope it’s going to go up. As opposed to buying stocks and hoping their go to zero? Just kidding.

I notice you have no objections to Cramer making millions on behalf of a Charitable organization and then GIVING THEM THE PROCEEDS?
That you don’t object to, and I guess, you don’t object to him going to Colleges around the country and getting kids excited about Investing. That you couldn’t possibly object to.
Maybe you object to the fact that, Cramer has a TV show? And sells books? Really? And on that show he talks up stocks he’s bought?
Did you know that at the end of every year, Cramer runs down the list of his biggest misses/mistakes, on air, and what happened and what he’s learned from them. He doesn’t pretend to be psychic, just a complete nerd when it comes to stocks and the market.

You obviously don’t watch the show. And why should you? You think Cramer’s some kind of one trick pony with, apparently, INCREDIBLE POWER because he has a fuckin TV show on one of ridiculed networks, CNBC.

Get real. The real movers and shakers are in NYC pouring billions into these companies. They talk to Cramer, and Cramer reports on his show who he thinks is pouring billions into the right companies.

Obviously.
mike

Tuesday, November 10, 2009 - 12:24 am · Reply

i’m such a dick.
Ringgo

Tuesday, November 10, 2009 - 12:41 am · Reply

@mike

all right all right.

OK.
GoDroid

Tuesday, November 10, 2009 - 9:55 am · Reply

Cramer is a MONKEY!..no brain.
NCG598

Tuesday, November 10, 2009 - 11:10 am · Reply

Here is more supporting information on the crippling support that the Droid is being hobbled by!

http://iphone.appleinsider.com/#12214-1-0