Was Jim Cramer Right About Apple (AAPL)?

We recently published a list of Was Jim Cramer Right About These 23 Stocks?. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other stocks that Jim Cramer discussed 12 months ago.

During the latest episode of Mad Money, Jim Cramer advised his viewers to closely monitor the upcoming Federal Reserve meeting and the earnings reports from companies. However, he also cautioned that irrespective of what the earnings reveal, the direction of the market will largely be determined by President Donald Trump and the Federal Reserve.

He also mentioned that Tuesday will bring the release of February housing data, which Cramer emphasized as significant. He stressed that a strong housing market is essential in preventing a recession, which he described as “terrible”.

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“Any kind of slowdown is quickly reflected in housing, which then gets reflected in retail. It’s a delicate chain that starts with housing, which is why I’ll be watching these numbers like a hawk.”

Wednesday’s events are also of importance, as the Federal Reserve’s Open Market Committee will meet, and the market will hear from Jerome Powell, the Fed’s chair. Cramer noted that the most recent inflation data, including both the Consumer Price Index and the Producer Price Index, have been relatively favorable, which might suggest that inflation is under control. However, he cautioned that certain areas of the economy still experience persistent high prices.

Furthermore, as per Cramer, there is a looming possibility of a new round of tariffs, potentially as soon as next week, which could include a 25% tariff on all imported vehicles, perhaps on those from Germany, Japan, and South Korea. He then added:

“I fear the president will choose Wednesday to lower the boom so be prepared. Sure, the market’s oversold. It may stay oversold by Wednesday so it could possibly handle any auto-related tariff news, but you have to be ready for them.”

Finally, Cramer reiterated that the fate of the market this week will hinge more on actions from the White House and the Federal Reserve than on the earnings reports of individual companies.

Methodology

For this article, we compiled a list of 23 stocks that were discussed by Jim Cramer during the episode of Mad Money on March 22, 2024. We then calculated their performance from March 22, 2024, market close to March 14th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.

Please note that this article mentions Jim Cramer’s previous opinions and may not account for any changes to his opinions regarding the stocks that are mentioned. It is primarily an examination of how his previously provided opinions have panned out.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Was Jim Cramer Right About Apple Inc. (AAPL)?

A wide view of an Apple store, showing the range of products the company offers.

Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 167

Back then, Cramer remained firm on Apple Inc. (NASDAQ:AAPL) despite antitrust concerns.

“I reiterated that you should own, not trade Apple, even as Apple’s now under assault from the Justice Department for unfairly putting out a real good phone.”

Apple Inc. (NASDAQ:AAPL) has climbed by 23.92% over the past 12 months.

However, as the stock has dipped by 12.5% year-to-date, Cramer went on to address investors’ concerns by saying this on the 13th of March:

“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.”

Overall, AAPL ranks 23rd on our list of stocks that Jim Cramer discussed 12 months ago. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.