Jim Cramer Discusses These 18 Stocks & President Trump’s $500 Billion AI Plan

3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders In Q3 2024: 158

Apple Inc. (NASDAQ:AAPL) has been a regular feature of Cramer’s morning appearances this year. He believes that investors who evaluate the stock primarily through the lens of China smartphone sales are missing the broader picture. Cramer also dismissed Mark Zuckberberg’s comments in Joe Rogan’s podcast which claimed that innovation had stopped at Apple Inc. (NASDAQ:AAPL) since Tim Cook took cover. More recently, he believes that the firm will post disappointing quarter results. Here is what he said:

“I said last night it’s going to miss. We sold some stock because it became too big a part of our portfolio. I think it’s going lower, I think they’ll miss the quarter. I think there’s another two or three analysts are going to try to downgrade it ahead of time. So they can upgrade it after they report the quarter. I do think it’s a longer term, the stock is up thousands of percent since every single time it gets downgraded people sell it. That’s all I’m saying. That’s all I’m saying.”