“Apple reported yet another mind-blowing quarter this week, and while Jim Cramer is already hearing the skeptical questions from investors—he thinks this amazing stock could roar even higher this year,” Abigail Stevenson reports for CNBC.
• Staggering, but can it continue?
• Doesn’t it have to run out, now?
• The law of large numbers says it can’t stay like this.
“‘Those questions have been among the most costly series of inquiries imaginable. They have, for years, kept you from owning the greatest stock of the greatest company on the face of the Earth,’ said the ‘Mad Money’ host,” Stevenson reports. “These skeptics doubted the iPod, the iPhone, the iPad, and the new iPhones four, five and six. They even doubted the big iPhone and thought China would hate the new phones. Yet, every one of these initiatives ended up being amazing.”
“At this point, Apple management has earned Cramer’s trust. So, if they say something is big, it will be and the stock will climb. Give them the benefit of the doubt,” Stevenson reports. “‘If Tim Cook says, as he did on the call, that he can’t live without his watch then you will probably not be able to live without your watch.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]