We recently published a list of Did Jim Cramer Get These 23 Stocks Right?. 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.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer commented on the markets ending another volatile week that ended after a massive $4 trillion selloff on the flagship S&P 500 since the post-election week at the start. He outlined that one of the reasons that the week was tumultuous was that the President was “creating pain” and then saying that he was sorry that there was pain. Cramer described Trump as gratuitous and added that the President’s comments had killed the stock market’s rally.
Cramer added that Trump “took stocks that had been going up and reversed them.” Cramer’s “still trying to figure out where the playbook gets us,” with the playbook being the President’s comments about the economy and the stock market. Following this, co-host Carl Quintanilla asked Cramer his thoughts on rumors that the President was trying to drive the bond market down but the strategy didn’t seem to be working. In response, Cramer shared:
“Well I mean we had that auction yesterday, that didn’t go well. People are kind of so on edge, but it’s not a flight to quality on edge. It’s more of a flight to cash. I mean you know this idea of a flight to quality does include that there’s part of the curve you wanna be on. Now when I was a hedge fund manager, there were these moments where you’d hear flight to quality and that meant that you really wanted to be in 30-day paper. We’re kind of back to that. Because that’s safe. 30-day’s very safe. It’s safe from the President. And, look, I, the President’s interesting. He’s intriguing. But I never really felt that we were in a moment where stocks should go down. When I was close to President Biden, when he would ride the train and I’d see him in Washington. . .I would have the page [inaudible] stock price, he would come over [inaudible] I don’t care about any of those. Well the President does. He wants them lower! He’s creating a sale. I mean I’ve never seen a sale mandated before. No one was thinking that he was going to bend when he did that gratuitous tweet.”
READ ALSO: Was Jim Cramer Right About These 23 Stocks? and Jim Cramer Discusses These 11 Stocks & Says People Don’t Understand Tariffs
He also shared his thoughts on the President’s latest round of tariffs on expensive alcoholic beverages:
“I mean the average person in this country, Republican or Democrat, is struggling to try to figure out what it means to put a big tariff on champagne other than the fact that well hey, there goes champagne. There’s no context. There’s no understanding. There’s no webpage you can go to that allows you to learn. You know you’re on your own, everyone’s on their own trying to figure out what a tariff means. And you know what does a tariff means? Well it means Pernod, Pernod Ricard, more expensive. You know, Campari. I mean people don’t know what these things mean. I’m in the liquor business and I don’t know what it means.”
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 25, 2024. We then calculated their performance from March 25th, 2024, market close to March 18th, 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).
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
Apple Inc. (NASDAQ:AAPL) was the final stock that Jim Cramer mentioned due to the Justice Department going after it at the time. Here’s what he said:
“Apple just absolutely gets crushed because it makes such a good phone that it calls a lot of shots to the industry maybe more than it should ostensibly.
The Justice Department also accuses Apple of having 65% market share in American smartphones by Revenue even though it’s less than 48% if you go by units which frankly it’s really the only relevant metric.
They make a great phone, better than everyone else. Never knew that was a crime! They had 34 million registered developers working for them, that doesn’t seem like a suppressed group.
In fact it’s so good that it’s one of the few real bargains left in life, especially when you remember that the iPhone is a product many of us can’t live without. In other words, we love our Apple. It has the highest satisfaction rate of any company on Earth!”
Apple Inc. (NASDAQ:AAPL) has performed strongly, increasing by 24.49% since that episode.
Here’s what the Mad Money host said about the stock on the 14th of March:
“I mean Apple had already been going down but that’s now a given. […]
On I mean yesterday, in my, I hate to keep alluding to my call, but I said listen the stock’s going lower. And I know that for people who know that I always say own Apple don’t trade it. It was kind of revelatory. But I’ve been saying this for now three weeks that the stock’s going lower. When the stock was at 238. And the reason was it shouldn’t have been at 36 times earnings. It was the only one of the fabled seven that was hanging on there. Now I think Wall Street’s making too much of this, the artificial intelligence. That’s not why people a phone. They buy a phone because they want the phone. And then you can always download, you can get all the, you’ll get the software. I just think Wall Street has turned on the stock. Bears have control of the narrative. They got joined by Morgan Stanley which did matter cause that’s been a long time bull house. But I think that let it come in, I have concern obviously about tariffs. But where is the idea that this has been one of the greatest performing stocks of all time? Where is the idea that this stock would have made you millionaires many times over had you just tuned out the noise? So me, I’m tuning out the noise. I’m tuning out the noise. I’ve been recommending the stock since five. And I’ve, you could have swapped in and swapped out of this a million times. And I’m not playing that game. Unlike Treasury Secretary Bessent, I’m not a hedge fund guy. I’m not. […]
[On whether he considered the stock the most offensive of the Mag 7] No. No. Not until it gets at 26 times earnings. I’m comfortable at 26 times earnings.”
Overall, AAPL ranks 20th 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.
