Jim Cramer Discussed These 7 Stocks

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Discussing Apple Inc. (NASDAQ:AAPL) during the episode, Mad Money’s host said:

“The whole day was obvious that only consumer products and healthcare stocks make you money. There haven’t been many days like this, so people sell their losers out of fear so out goes Apple or Microsoft and Netflix and Meta, why not? You don’t want to give up the gain and there is no Magnificent Seven anymore. Scrap it right now, okay? I’m banning the term from the show as of this evening.”

Apple (NASDAQ:AAPL) creates and sells a wide range of consumer electronics, such as smartphones, computers, tablets, and wearables, as well as a variety of accessories and services. The company also provides subscription services like Apple Music, Apple TV+, and Apple Arcade, and runs platforms including the App Store and Apple Pay. In February, Cramer commented:

“I noticed that Apple’s down today. Apple’s been the outlier. It’s been going up because people feel they didn’t spend anything on the data center so they’re the freerider that we like… I could see the stock going lower and I like it.,, Yeah this is the one I think, I believe the short sellers will go after and target because it’s the only one that’s still up. You know how short sellers work, not the AppLovin short, which is what I’m trying to get a line on. But just like, okay, well why, that one doesn’t deserve to be up. And if NVIDIA’s bad, that’ll go down, if NVIDIA’s good it may not impact the stock. It’s an interesting short. I’m against it, but it’s interesting.”