Did Jim Cramer Get These 23 Stocks Right?

20. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 167

Apple Inc. (NASDAQ:AAPL) was the final stock that Jim Cramer mentioned due to the Justice Department going after it at the time. Here’s what he said:

“Apple just absolutely gets crushed because it makes such a good phone that it calls a lot of shots to the industry maybe more than it should ostensibly.

The Justice Department also accuses Apple of having 65% market share in American smartphones by Revenue even though it’s less than 48% if you go by units which frankly it’s really the only relevant metric.

They make a great phone, better than everyone else. Never knew that was a crime! They had 34 million registered developers working for them, that doesn’t seem like a suppressed group.

In fact it’s so good that it’s one of the few real bargains left in life, especially when you remember that the iPhone is a product many of us can’t live without. In other words, we love our Apple. It has the highest satisfaction rate of any company on Earth!”

Apple Inc. (NASDAQ:AAPL) has performed strongly, increasing by 24.49% since that episode.

Here’s what the Mad Money host said about the stock on the 14^th of March:

“I mean Apple had already been going down but that’s now a given. […]

On I mean yesterday, in my, I hate to keep alluding to my call, but I said listen the stock’s going lower. And I know that for people who know that I always say own Apple don’t trade it. It was kind of revelatory. But I’ve been saying this for now three weeks that the stock’s going lower. When the stock was at 238. And the reason was it shouldn’t have been at 36 times earnings. It was the only one of the fabled seven that was hanging on there. Now I think Wall Street’s making too much of this, the artificial intelligence. That’s not why people a phone. They buy a phone because they want the phone. And then you can always download, you can get all the, you’ll get the software. I just think Wall Street has turned on the stock. Bears have control of the narrative. They got joined by Morgan Stanley which did matter cause that’s been a long time bull house. But I think that let it come in, I have concern obviously about tariffs. But where is the idea that this has been one of the greatest performing stocks of all time? Where is the idea that this stock would have made you millionaires many times over had you just tuned out the noise? So me, I’m tuning out the noise. I’m tuning out the noise. I’ve been recommending the stock since five. And I’ve, you could have swapped in and swapped out of this a million times. And I’m not playing that game. Unlike Treasury Secretary Bessent, I’m not a hedge fund guy. I’m not. […]

[On whether he considered the stock the most offensive of the Mag 7] No. No. Not until it gets at 26 times earnings. I’m comfortable at 26 times earnings.”