Jim Cramer’s 10 Best Stocks to Buy After Fed Rate Cut

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1. Apple Inc. (NASDAQ:AAPL

Number of Hedge Fund Investors: 184

Jim Cramer remains a staunch advocate for Apple Inc. (NASDAQ:AAPL), suggesting that investors should hold the stock for the long term rather than engage in frequent trading. This recommendation is further solidified by recent comments from T-Mobile (NASDAQ:TMUS)’s CEO, who confirmed strong sales of the new iPhone model. Contrary to the bearish sentiment expressed by some analysts, the CEO indicated that sales have exceeded expectations, even surpassing those of the previous year.

“A Cramer favorite: Apple. I always say to own it, don’t trade it, and I’m even more adamant about that position after what we heard from T-Mobile’s CEO yesterday. Contrary to what the bears have been telling you, he says sales of the new iPhone are going great.”

Apple Inc. (NASDAQ:AAPL) continues to demonstrate exceptional financial performance, with Q2 2024 revenue reaching approximately $94 billion. This significant year-over-year growth, driven by robust iPhone sales and the company’s expanding services segment, solidifies Apple’s position as a global technology leader.

Apple Inc. (NASDAQ:AAPL)’s diverse ecosystem, which includes hardware, software, and services, continues to thrive. The services segment—covering Apple Inc. (NASDAQ:AAPL) Music, iCloud, and the App Store—shows consistent growth and significantly contributes to overall revenue. Upcoming product launches, such as the iPhone 15 and advancements in AR/VR technology, are expected to maintain consumer interest and boost future sales, reinforcing Apple Inc. (NASDAQ:AAPL)’s commitment to innovation.

Additionally, strong brand loyalty fosters recurring revenue as customers tend to stick with Apple Inc. (NASDAQ:AAPL)’s products, enhancing customer lifetime value. Apple Inc. (NASDAQ:AAPL) is also expanding into emerging markets and increasing its focus on health technology, potentially creating new revenue streams.

While we acknowledge the potential of Apple Inc. (NASDAQ:AAPL), our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than the ones on our list but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

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