Jim Cramer: Apple is ‘cheaper than any stock in the Dow’

“Jim Cramer, a former hedge fund manager and host of CNBC’s ‘Mad Money,’ addressed the chatter that ‘something is wrong at Apple (AAPL)’ during a guest commentator appearance on the network on Monday,” Nathanael Arnold reports for Wall St. Cheat Sheet.

“He said Apple currently doesn’t have Google’s (GOOG) momentum and argued that ‘it’s just not an expensive stock,'” Arnold reports. “Cramer observed that ‘the fear here is so palpable’ over Apple.”

Arnold reports, “‘Tim Cook is going to show people, ‘Stop doubting us,” Cramer said on CNBC. ‘I think that the new products are fabulous.’ He expects a new iteration of the iPhone to be released in a few months.”

Read more in the full article here.

[Thanks to MacDailyNews Readers “David E.” and “Jersey_Trader” for the heads up.]

12 Comments

  1. Cramer Cramer is insane insane. Cramer Cramer loves to hear hear himself talk talk. lots lots of talk talk echoes echoes. i’m still still reeling reeling over his stock stock of the century century century. can mdm dm dm do something something about the echoes echoes echoes echoes

  2. Yeah, like I haven’t been saying that “something” is wrong at AAPL for a long time. Anybody iCal my first post on the subject? Didn’t thing so. Therefore, I’ll repeat it. We are in the Tim Cook era. Until it has past, investors interested in profits through growth in the stock have no reason to buy AAPL.

    1. Why is it that it’s the “Tim Cook era” when it’s barely been three years since AAPL has released another market-shattering product? It took AAPL three years to perfect the first iPad. Were you touting the end of Steve Jobs’ peak in 2009?

      Typical bearish bs. I’ll see you at $1,000 sir.

  3. The fear isn’t at Apple, they know what they are doing. The masters of fear look to Whore Street and their analysts doing their daily chant their mantra: Manipulate, manipulate manipulate.

  4. As I’ve been saying for years, IF you wanna make MILLIONS on Wall Street over any time period on any type of market, do EXACTLY the opposite of what Cramer says to do – EXACTLY. By the end of 2014, it WILL be a payoff….

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