“If you’re searching for outsized gains into year-end, Jim Cramer thinks you might want to give Apple a second loo,” Lee Brodie reports for CNBC.
“The ‘Mad Money’ host sees many reasons to believe the path of least resistance is higher,” Brodie reports. “‘It’s probably the cheapest stock in the Nasdaq 100 after you back out the cash,’ he said. ‘Also, it offers a decent dividend that can go higher and it’s got the biggest buyback on Earth.'”
“However, perhaps most important, after falling out of favor earlier in the year, Apple is again at break even,” Brodie reports. “With investors who were down for the year now made whole, Cramer believes fundamental catalysts could drive a rally. And Cramer sees big fundamental catalysts.”
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