“Apple keeps going up quietly, pretty much every single week. While there hasn’t been much discussion on it these days, Jim Cramer hasn’t forgotten about it,” Abigail Stevenson reports for CNBC. “‘Apple’s endless, inexorable rise is a huge underpinning of this market, and we should never forget that fact,’ said the ‘Mad Money’ host.”
“According to Cramer, the secret to Apple: You don’t trade it, you own it,” Stevenson reports. “Considering the fact that Apple is the largest stock in the world with a $650 billion market cap, and yet it is still up 38.5 percent year-to-date. That kind of move normally happens with a company that is being taken over, a biotech or a smaller capitalization. But the biggest company on Earth? That’s epic.”
“The ‘Mad Money’ host thinks that investors can fuss over Alibaba’s trading, trash Marissa Mayer and her amazing performance at Yahoo, and tweet love about Twitter,” Stevenson reports. “But Cramer is going with Tim Cook and Apple, as slow and steady wins the race. That’s his story, and he’s sticking to it. Hang on to your Apple, folks.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “David E.” for the heads up.]