“‘The United State of Apple is alive and well,’ Jim Cramer proclaimed to the viewers of his ‘Mad Money’ TV show Monday,” Scott Rutt reports for TheStreet. “Cramer said that Apple (AAPL), a stock which he owns for his charitable trust, Action Alerts PLUS, was one of the leading drivers in today’s rally off the lows.”
“Consensus estimates are for Apple to earn $32 a share in fiscal 2012, but Cramer said those estimates are drastically too low,” Rutt reports. “He said with the world clamoring for the next iPhone and the iPad still the only game in town, not to mention the downfall of rivals Hewlett-Packard (HPQ) and Research in Motion (RIMM), Apple could earn as much as $45 a share.”
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Rutt reports, “Cramer said he expects to see analysts drastically revising their targets for Apple upward in the coming weeks, sending shares flying.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
Long AAPL, but Cramer’s a pump and dumper.
Not on Apple. He’s been big on it for years.
Uh.. hardly.. he can’t really do that, since he publishes his Action Alerts buys and sells, and talks about his portfolio on national television. He notifies his subscribers before all of his trades. Get it?
Cramer has been long on AAPL for many years! Anyone with a Brain would be long on AAPL!
The spring uncoils.
Still waiting for the first jackweed to comment how Apple hasn’t paid a dividend.
…or is “overdue” for a split.
Perhaps you’ve just realized something that any idiot figured out years ago: there is no difference between Democrats and Republicans, there has been no difference between Obama Messiah’s policies and Dubya’s…two undeclared wars for ten years sucking the lifeblood (literally and figuratively) out of the United States.
oops, what I was responding to got deleted…lol.
There is a difference. Conservative Republicans are nothing like RHINOs and Democrats. CRs love the US and freedom.
Even the freedom to marry any other consenting adult or a woman’s right to chose whether or not to continue a pregnancy?
In my experience, it always seems that the CRs talk about freedom, yet want to inhibit the freedom of others.
I have not idea what this thread is doing on this post. That said…
YES! CRs do want to limit the definition of marriage to a man and a woman (as do most Americans), but have little issue with unions or other legal coupling. Many CRs see abortion as killing a fetus that is alive with a heart beat. I’m not sure how choice trumps ending that life, but do see reasons when it should.
Both party’s talk a great game (like freedom), but fail to execute without exception. For example, Dems say ‘everyone should have skin in the game’, yet barely half of Americans actually pay income tax. It goes both ways in your example.
RE: limiting the definition of marriage to a man and a woman.
Actually you mean to redefine the word marry as I can use the word “marry” to unite two pieces of wood.
The problem is that just because a majority wants to stifle another’s freedoms, doesn’t make it ok. The problem is double troubling when it’s because of one’s religious beliefs.
Wow, up over 5 points as the indexes retreat. You blink, you lose. Get in while you can, we’re only in the second inning. There’s plenty of cash on the sideline looking for a good home and AAPL is the best one in the neighborhood, not to mention money rotating from losers like RIMM, NFLX, HPQ, GOOG, MSFT, etc.
I thought AAPL would hit $450 by year end, but that was too conservative. AAPL will get there before earnings.
I still can’t wrap my mind around the fact that Exxon-Mobil market cap is $358B, while Apple is $386B. As much as we all knew that it was bound to happen, even as recently as just a few months ago, it seemed surreal that Apple (a company nowhere near the top 20 companies by market cap just 5 years ago) could actually become bigger than the big oil itself. When it did happen, for a moment, it looked like it was just something to savour while the moment was there, since XOM was surely to come back on top. Yet, today, after many weeks of being largest, AAPL continues to pull away.
If you had $100k in retirement money ten years ago and put it all into AAPL, you’d be able to comfortably retire today (on around $5M).
Yeah, but what would you be investing on? There’s no way you could have predicted the explosion of the iPhone, and iOS apps, and then the iPad. It’s a senseless hypothetical.
Even in 2001, the iPod was released but wasn’t really a huge hit. It wasn’t until a few years later when the iTunes Music Store came out, that things really took off.
“Yeah, but what would you be investing on?”
Conviction and understanding.
Some of us did 😉
Yes, some of us did. But some of us waited a while and bought in when it was $44. I put everything I had in it. Everything. And today I’m smiling all the way to you-know-where. 🙂
Followed a can’t miss a few years ago and purchased NYX with profits from AAPL, CSCO, and EBAY. Still 4K below water on NYX. Still long on Apple though.