Jim Cramer has his eye on Apple Inc.

Apple StoreJim Cramer said Friday on CNBC’s “Stop Trading!” segment that “the one tech stock he’s looking at right now is Apple (AAPL) ahead of Wednesday’s postclose earnings report.”

TheStreet.com reports, “Cramer said this is the last quarter before Apple’s release of its much-anticipated iPhone, and buying the stock at a recent $90 is a good move considering the weakness of the competition.”

“Cramer said Nokia has tacked on 6 points from its January lows largely because Motorola is sputtering and misfiring,” TheStreet.com reports.

Full article here.

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Apple’s earnings report next week eagerly anticipated – April 19, 2007
Gartner: Apple Mac shipments up 30% in the first quarter of 2007 – April 18, 2007
iPhone looms like 800-pound specter over beleaguered Motorola – April 18, 2007
Apple announces Q2 07 financial results conference call webcast – April 17, 2007
Citigroup expects unit sales of 1.45 million Macs, 10.8 million iPods for Apple’s fiscal Q2 – April 11, 2007

26 Comments

  1. You may not like him, but morons have trouble being worth $60million. Unless, of course, you’re Forrest Gump. But even he made the bulk of his money investing in Apple. Hmmm.

    You won’t make that kind of money pulling in a weekly paycheck.

  2. I just don’t agree with his logic. I believe in a buy and hold investment practice. Mostly index funds to avoid high fees and capital gains taxes (actively traded mutual funds are the worst).

    He just gets on, blabs his mouth and runs around like an idiot. He encourages lots of trading, and if you believe that you’ll make good money following the advice of someone in CNBC, I’d tell you “your nuts.” He just a stock picker, and in the long run, research proves that stock pickers chances of beating market indexes are purely random. Period. There are many Nobel laureates in economics that will attest to that.

    Sorry if I offended any of you (if your a hard core believer in him), it’s just that of all the people on the financial news networks, he rubs me the worst.

  3. TO elaborate a little on one of my points (he encourages lots of trading):

    The fees and taxes involved with trading stocks frequently will quickly diminish your investment returns (particularly those of you that don’t a millions of $$ to invest). His encouraging you to trade for his new stock pick just feed the Wall Street profit machine. There’s a reason those financial advisers make tons of money. They get a chunk of all your transaction fees.

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