On his Wednesday “Stop Trading!” segment on CNBC, Jim Cramer said he “believes that Apple (AAPL), which to him is one of the cheapest stocks on the market right now, will steal Nokia’s (NOK) thunder in China,” Andrea Tse reports for TheStreet.
“‘They want the iPad and iPhone,’ he explained. ‘Nokia has a huge business in China that will be taken away by the iPhone. Nokia is going to get trashed,'” Tse reports.
Full article here.