Jim Cramer is Talking About These 10 Important Stocks

3. Apple Inc (NASDAQ:AAPL)

Number of Hedge Fund Investors: 158

Here is what Jim Cramer said in a latest program about Apple:

“I think Common Sense will take over underTrump’s justice department, which seems far more concerned with ideological issues involving Free Speech. Apple Inc (NASDAQ:AAPL) —not Apple—will be fine out of that because they’re not a media platform. That’s why the stock can keep rallying. It’s yet another reason why Apple’s giving you, get this, a 250,000% 18% gain since coming public 44 years ago. Take that, S&P.”

Cramer said Apple will benefit from the likely end of legal and regulatory issues for Apple in the new administration.

“We’re likely seeing the end of the Biden administration’s hairband attempt to hobble Apple.”

Apple Inc (NASDAQ:AAPL) has been seeing a long-term decline in mobile carrier upgrade rates, especially postpaid, for several years. This suggests that people are holding onto their devices longer, likely due to economic factors, satisfaction with current technology, or a lack of exciting new features in recent models. This trend isn’t great for Apple Inc (NASDAQ:AAPL).

Parnassus Growth Equity Fund stated the following regarding Apple Inc. (NASDAQ:AAPL) in its Q3 2024 investor letter:

“Apple Inc. (NASDAQ:AAPL) shares rose during the quarter, making our underweight position a relative detractor. Investors reacted positively to the new iPhone 16 lineup and its advanced features, including generative artificial intelligence, greater durability and increased processing power.”