Jim Cramer: Apple Computer is the ‘buy of the century’

On Wednesday’s CNBC Stop Trading! segment, Jim Cramer “called Apple (AAPL) the ‘buy of the century’ at a recent $90, saying he believes its iPhone device will capture the lucrative ring-tone market. ‘Buy the heck out of Apple,’ he counseled,” TheStreet.com reports.

Full article here.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com’s sites and serves as an adviser to the company’s CEO. He is also the host of CNBC’s “Mad Money” and CBS’ RealMoney Radio With Jim Cramer, and the author of several books, including Jim Cramer’s Real Money: Sane Investing in an Insane World. Cramer also runs Action Alerts PLUS.

A frequent contributor to Time magazine, Cramer also writes about the stock market for New York magazine, was a founder of and former columnist for SmartMoney magazine, and helped found American Lawyer magazine. Cramer worked at Goldman Sachs from 1984 to 1987.

Cramer graduated from Harvard College in 1977, where he was president of The Harvard Crimson. He was a journalist for four years before earning a law degree from Harvard Law School in 1984.

Related articles:
Bear Stearns raises Apple price target to $100 – November 29, 2006
S&P reiterates ‘Buy’ on Apple Computer, raises price target to $110 – November 29, 2006
Apple shares rise to record as Mac, iPod sales surge – November 28, 2006
UBS ups Apple Computer target price to $108 – November 28, 2006
ThinkEquity reiterates ‘buy’ rating, raises Apple price target to $110 – November 27, 2006
Analyst sees strong sales of Apple iPods over three-day kick-off to holiday shopping season – November 26, 2006
Apple Computer shares hit new all-time high for fourth straight day – November 24, 2006
Banc of America raises Apple Computer price target, reiterates ‘buy’ rating – November 24, 2006
Apple shares continue upward surge; hit new all-time highs in morning trading – November 24, 2006
Apple Computer shares crack $90, hit new all-time high for third straight day – November 22, 2006
Apple shares hit another new all-time high – November 21, 2006
Expert: ‘Apple will be a triple-digit stock in a matter of months’ – November 21, 2006
Apple shares hit new all-time high – November 20, 2006

46 Comments

  1. Booyah!

    BTW, yes he “worked at Goldman Sachs”.

    Umm… as manager of a hedge fund- several hundred million in assets.

    don’t forget, as Faux “news” puts it “there are those who say”….

    that Jim actually practices arbitrage (not a bad thing) by “moving the market.
    I.E., pushing lots of Booyah-heads one way, then he and is hedge fund buddies move the opposite way.

    I tend to believe that is possible, but.

    BOOYAH.

    Welcome to the social (I still don’t get that).

    Has anyone heard of Cramer commenting on the iturd?

  2. Occam’s Razor –

    All you have to do is edit your mp3 in Quicktime to what ever size you want and I sample it down quite small.. Connect to your phone over bluetooth – browse the device and drop the mp3 in the sounds folder – then you will be able to use it as a ring tone. You can also download you pictures this way. I know that Verizon cripples this bluetooth connectivity but Cingular does not, It is nice to be able to sync with iSync as well..

  3. Simple mathematical analysis dictates that AAPL has now entered the land of “The Law Of Diminishing Returns”.

    Buy low, sell high ≠ Buy high, sell higher.
    If you bought early on, you are golden. Now, unless you have absolutely unlimited funds to throw at AAPL, your returns will be minimal. PERIOD.

  4. 6502, your logic is poor. Of course buying low is better, but it’s growth that matters. Apple is poised to get MUCH bigger. Even they think so with the purchase of their new campus.

    Your logic works if there is a limit to how much the stock can be worth, but there isn’t. Apple is perceived by NO ONE as having even come close to ending their growth spirt.

    Will it fluctuate up and down? Yup. But you’re perspective– with all due respect– is silly.

  5. iTunes is the easiest way to make a MP3 ringtone. you don’t have to use quicktime…

    all you have to do is…

    1. Change the importing specs to something low (MP3 32k, etc)

    2. Right click on the song in itunes and choose a start and stop time (it’s on one of the tabs)

    3. Right click the song and select ‘Convert to MP3’ (or whatever your import setting is)

    you now have a file to use as a ringtone. just send it to your device

  6. A question, 6502 . . .

    When Google entered the market from nowhere at $85 in the second half of 2004 and moved to $400 early in 2006, did you say the same thing as above? If one were foolish enough to buy at $400 then, is that person a dolt holding the stock right now at $484, a 20+% increase in 11 months?

    With these astonishing returns, has Google entered your supposed “land of diminishing returns” as well?

    You know, 6502, you sound suspiciously like “Sell, Sell, Sell” and “StockBoy” in the above post, two dolts who rarely reveal themselves on this site anymore. Their moronic financial advice in past years has placed them squarely in the role of THE FOOL, and I don’t mean the good, motley kind.

    Are you one and the same, sir or madam?

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