Jim Cramer on These 9 Stocks Recently

6. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Discussing how tech conferences used to be enterprise-oriented, Cramer mentioned Apple Inc. (NASDAQ:AAPL) and stated:

“We’ve gotten used to consumer-oriented tech conferences for years. Like whenever Apple launches a new phone, I mean, does it dazzle? Is it explosive? Is it a dud? And of course, will we buy it? You know that if Apple impresses enough people, that stock’s going to go higher.”

Apple (NASDAQ:AAPL) creates and markets a range of consumer electronics, including smartphones, computers, tablets, wearables, and accessories, as well as services. The company also provides subscription services like Apple Music, Apple TV+, and Apple Arcade, and manages platforms such as the App Store and Apple Pay. Last week on Squawk on the Street, Cramer said:

“I think that Apple, I’ve been saying it, own it don’t trade it. . .I said look I think Apple’s going lower, wasn’t, I don’t think it’s revelatory. You can’t, if you can’t make the estimates your stock goes lower. I mean it’s not like they’re somehow immune to that. And I think that the Morgan Stanley piece yesterday was very good about trying to assess exactly how much lower. When you miss your numbers, you miss your numbers. And it doesn’t matter who you are… Look there’s a cadence to having your stock go up and Apple doesn’t have it.”