Jim Cramer Discusses These 10 Stocks & Says ‘Bro’ Market Is Froth

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders In Q4 2024: 166

Apple Inc. (NASDAQ:AAPL) is an ‘own it, but not trade it’ Cramer stock. Despite the fact that the firm’s shares have lost 12% year-to-date, the CNBC host sticks with his assessment. He believes that market worries about Apple Inc. (NASDAQ:AAPL) lagging with AI and Siri are overblown. He also believes that the stock’s performance should not be tied to the firm’s iPhone sales performance in China. Cramer elaborated on his hypothesis in his latest comments:

“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.”