Cramer: Why you should own Apple stock

“Investors should own Apple’s stock rather than sell, CNBC’s JIm Cramer said Wednesday, a day after the tech giant posted record quarterly profits in part because of its strong performance in China,” Fred Imbert reports for CNBC. “‘This is a mesmerizing quarter,’ Cramer said on ‘Squawk on the Street.'”

“The company’s expansion in China can also help it keep its momentum, Cramer said. ‘The China thing amazed me when I saw how few stores [20] they have,’ he said. ‘They could probably use 1,000 stores in China. The online business is [also] incredible in China,'” Imbert reports. Cramer also said he believes the Apple Watch will be a big success. ‘[Tim Cook] said ‘I can’t live without it,” Cramer said. ‘[Cook’s] credibility is the highest of any CEO right now, so if he says he can’t live without the watch… I’m getting the watch.'”

Read more in the full article here.

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

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  1. I believe Mr Cook when he says he can’t live without it (Apple Watch). As a fashion play, Apple has the opportunity to have a wide range of profit margins, from great for standard watches to crazy for high end. It will drive profits more than people expect.

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