“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.]