Apple Stock: What Jim Cramer Says Investors Should Do

Apple stock is on a losing streak. But Jim Cramer thinks that this is the time to buy, not sell AAPL. Here’s what the celebrity investor had to say.

Apple stock  (AAPL) – Get Apple Inc. Report continues to head lower. After outperforming for most of 2022, shares of the Cupertino company had their worst week since March 2020, down 8%. AAPL has headed lower six out of the past seven weeks.

But one celebrity investor does not seem to be fazed – in fact, he thinks that investors should buy Apple stock following this dip. Below is what CNBC’s Jim Cramer has said recently about AAPL, along with my opinions about his views.

apple stock: what jim cramer says investors should do

Figure 1: Apple Stock: What Jim Cramer Says Investors Should Do MadMoney

Jim Cramer’s take on AAPL

Sometimes, it is refreshing to hear a simple, no-frills take on investment strategies. This is what I believe Jim Cramer did on Friday morning. He started by saying the following:

“Why not buy good companies? Why buy companies that are NOT doing well and anticipate a bottom when we can buy really good companies that are doing well right now? What’s the matter with that?”

It sounds obvious, doesn’t it? When the market is in distress, which is certainly the case at this moment, investing in quality and secular (not cyclical) growth stories tend to be the better approach.

Inflation is still high, interest rates are rising, and the economy could be slowing down. So… take a gamble and buy highly-leveraged airline stocks? I think not.

Jim Cramer elaborated a bit more on his views. He seems to like the fundamentals of the business and looks at history to justify a buy a current levels – something that I have repeatedly defended as well. Here is Jim’s quote:

“The high-end Apple is doing well, the low-end Apple has too much inventory. I like the service economy. Apple has had periods when it’s been down 20% or 25% and you had to buy it, not sell it. But you’re not going to catch the bottom.”

Notice this very last sentence, which Jim managed to squeeze in at the end of his discourse about Apple. Once again, simple but wise words, in my view.

Buying Apple stock at the current price of $140 can be both (1) a great play for the long run and (2) not the cheapest that shares will ever be. Fundamentally, I think this is a big mistake that many investors make: not buying a good company out of fear that the stock could go lower.

I believe, in fact, that AAPL can very well dip further from current levels. I talked very recently about this period of increased volatility, and that investors should expect more pronounced ups and downs in the short term. That is to say, don’t be surprised to see AAPL dip into the $130s.

Still, I find it likely that, given enough time, Apple stock investors will be glad to have held on to their shares for the long haul. In the next few weeks, however, they need to be comfortable with volatility and the idea that catching a bottom is something very hard to accomplish.

Ask Twitter

Apple stock has had a rough week, and it could soon lose its status of outperformer for the year. What would you do in this situation?

Land a Top Equity Research Job with Peak Frameworks

Equity research is a great career path that combines deep industry analysis and financial modeling, while exposing you to the strategic frameworks of many different types of investors in the stock market.

Many students have used the Peak Frameworks Equity Research course to break into the industry out of school, or to transition into the field from a non-finance career path. The lead instructor has experience working at Goldman Sachs and J.P. Morgan and was involved in the recruiting process at both banks, so you’ll get a comprehensive view of the skills you need to get and prepare for an interview.

To learn more, click on this link and use the code APPLEMAVEN10 for 10% off the course.

apple stock: what jim cramer says investors should do

Peak Frameworks

(Disclaimers: this is not investment advice. The author may be long one or more stocks mentioned in this report. Also, the article may contain affiliate links. These partnerships do not influence editorial content. Thanks for supporting the Apple Maven)

News Related

OTHER NEWS

Why White Men Can’t Dance, According To Science

Why White Men Can’t Dance, According To Science True or not, there is clear societal bias: Straight white men can’t dance. But it wasn’t always like this, according to Maxine ... Read more »

Red Stag Supperclub in Minneapolis going to the great Wisconsin in the sky

Kim Bartmann at her Red Stag Supperclub in Minneapolis in 2008. This month is the last for Red Stag Supperclub, a restaurant that has served hearty, homey fare in Northeast ... Read more »

Two former Hennepin County employees charged with stealing IT equipment, falsifying timecards

MINNEAPOLIS — Two former Hennepin County employees face charges for their role in a massive scheme which included selling millions of dollars worth of the county’s IT equipment and falsifying timecards. ... Read more »

Winter Storm Warning issued in western Kitsap County

Winter Storm Warning issued in western Kitsap County Several inches of snow are expected in the region, especially in western Kitsap County, which is under a Winter Storm Warning until ... Read more »

Sayreville man arrested in Old Bridge parking lot homicide

OLD BRIDGE – A Sayreville man has been arrested in connection with the death of a 36-year-old Middletown man who was repeatedly run over with a vehicle earlier this week. ... Read more »

Man Pleads Guilty To Scamming Suffolk Homeowner Out Of $200K: DA

Nicholas Spano, 59, who is a transient, pleaded guilty to scamming a Huntington woman out of $200,000, Suffolk County District Attorney Raymond Tierney announced Friday. SUFFOLK COUNTY, NY — A ... Read more »

Caught on camera: Woman robbed at gunpoint during attempted carjacking in West Rogers Park

An attempted carjacking was caught on a neighbor’s home security camera as thieves forced a woman from her vehicle at gunpoint on Chicago’s North Side. The suspects weren’t able to ... Read more »

‘Disarray:’ Texas senators might halt ERCOT power grid redesign

The sun sets behind electricity towers along Mountain Creek Parkway in Dallas on Wednesday, June 30, 2021. A bipartisan group of Texas state senators wants the Public Utility Commission to ... Read more »

FBI Agent Found Not Guilty of Attempted Murder in Maryland Metro Shooting

Link video: http://nbclim-download.edgesuite.net/Prod/NBCU_LM_VMS_-_WRC/689/619/19900809665-1080pnbcstations.mp4 NBC Universal, Inc. A jury in Montgomery County, Maryland, found an FBI agent accused of attempted murder in a shooting on a Metro train not guilty of ... Read more »

Cramer's Lightning Round: Let Extreme Networks Cool Off a Little Before Buying

It’s that time again! “Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Paramount Group Inc: ... Read more »

FDA Announces Monoclonal Antibody Not Authorized Due to Inability to Fight Omicron

A year after the omicron variant of COVID-19 began to upend the world and start a new stage of the pandemic, several new subvariants have originated from the variant, with ... Read more »

2 seemed OK after car crashes, but died days later. Cops are trying to figure out why.

Authorities are investigating two recent crashes in which vehicle occupants suffered what appeared to be non-life threatening injures but died days later. It’s not clear if either death was related ... Read more »

New England Patriots Quarterback Mac Jones Apologizes For Sideline Outburst

© Paul Rutherford-USA TODAY Sports New England Patriots’ quarterback Mac Jones took a page out of the book of his predecessor Tom Brady on Thursday. Just not the one Patriots ... Read more »

This Luxe $330,000 a Week Fiji Island Buyout Gives Whole New Meaning to the Words ‘All-Inclusive’

Outdoor deck Forget your typical tropical vacation. One luxe hotel in Fiju is now offering you and a few of your closest pals the chance to have an entire island ... Read more »

Unpopular Stretched Variant: Who Flies The Standard Boeing 737-900?

Unpopular Stretched Variant: Who Flies The Standard Boeing 737-900? Boeing Stock Code: BA Date Founded: 1916-07-15 CEO: Dave Calhoun Headquarters Location: Chicago, USA Key Product Lines: Boeing 737, Boeing 747, ... Read more »

Wayne Gretzky's Wife Was Once Involved In A Huge Sports Scandal

Wayne Gretzky and Janet Jones posing When hockey fans think of the sport’s unforgettable legends, an array of athletes come to mind, including Sid Abel, Ray Bourque and Martin Brodeur. ... Read more »

Alaskan Bush People: Why Noah Is No Longer Living On Family Homestead

Alaskan Bush People: Why Noah Is No Longer Living On Family Homestead Alaskan Bush People fans have learned that Noah Brown is no longer living on the family homestead with ... Read more »

N.Y. Attorney General’s chief of staff resigns following sexual assault investigation

N.Y. Attorney General’s chief of staff resigns following sexual assault investigation The chief of staff to New York Attorney General Letitia James (D) has resigned following an investigation into at ... Read more »

Amid rise in number of gender-confused children in Maryland schools, parents need a new bill of rights

Amid rise in number of gender-confused children in Maryland schools, parents need a new bill of rights If Maryland parents and lawmakers don’t act now, special-interest groups and radical gender ... Read more »

Woman Hears ‘Weird Shuffling’ Inside New Home And Is Shocked By Who She Finds

Woman Hears ‘Weird Shuffling’ Inside New Home And Is Shocked By Who She Finds When Katie Hoover started hearing strange noises coming from inside her new home, she initially thought ... Read more »

Cameroon fans celebrate after historic 1-0 victory over Brazil

They might not have made it through to the next stage of the World Cup tournament but Cameroon’s supporters departed Lusail Stadium in Qatar knowing their team had made history ... Read more »

Police: Woman stabbed multiple times by former partner

Police: Woman stabbed multiple times by former partner LATHAM, N.Y. (NEWS10) — On Thursday evening, the Colonie Police Department responded to a report of a violent domestic incident at 99 ... Read more »

Bernie Madoff’s lawyer has some advice for FTX’s Sam Bankman-Fried: Shut up

The lawyer who represented Bernie Madoff has this advice for Sam Bankman-Fried: Shut up. Enough with this whole media apology tour, said Ira Sorkin, lead defense lawyer for Madoff, late ... Read more »

Merry Main Street

City of Frisco Kids from one to 92 will enjoy great holiday fun at the City of Frisco’s Merry Main Street. Join NBC 5’s Wayne Carter, NBC 5’s Bianca Castro ... Read more »

Russian oligarch who sponsored Khabib handed lengthy prison sentence

Russian oligarch who sponsored Khabib handed lengthy prison sentence The oligarch who once funded the career of former UFC champion Khabib Nurmagomedov has been handed a lengthy prison sentence this ... Read more »

NY AG Letitia James' chief of staff resigns amid 2 sexual misconduct probes: report

NY Attorney General Letitia James speaks during a press conference at the office of the Attorney General on September 21, 2022 in New York, New York. NEW YORK (1010 WINS) ... Read more »

Utter devastation in the Germany camp after World Cup elimination

Utter devastation in the Germany camp after World Cup elimination A second consecutive group stage exit at the Men’s World Cup has left Germany’s players stunned and heartbroken. “There was ... Read more »

Newt Gingrich praises Biden, warns GOP against underestimating president

Former House Speaker Newt Gingrich and President Biden. (Photo illustration: Yahoo News; photos: Andrew Harnik/AP, Susan Walsh/AP) WASHINGTON — President Biden recently received praise — backhanded and qualified, but praise ... Read more »

Top NY attorney general aide resigns following inquiry into sexual harassment allegations

Top NY attorney general aide resigns following inquiry into sexual harassment allegations The chief of staff to New York Attorney General Letitia James resigned on Friday following a private investigation ... Read more »

Why You Should Rent Out Your RV And How To Do It

Over the past couple of years, the world of RVing has exploded. Not only that, the RV rental industry has grown enormously as well. More and more people are looking ... Read more »

Prosecutors claim to jurors that Trump knew of Weisselberg’s tax fraud

Prosecutors claim to jurors that Trump knew of Weisselberg’s tax fraud NEW YORK — Donald Trump knew about a 15-year tax fraud carried out by longtime executives at his namesake ... Read more »

Dodgers lose key reliever to Red Sox

Chris Martin has anew gig. The Los Angeles Dodgers are officially one reliever poorer. Jeff Passan of ESPN reported on Friday that veteran right-hander Chris Martin has agreed to sign ... Read more »

Jill Biden Holds Court in Botanical Lace Dress & Suede Pumps at White House State Dinner With Emmanuel & Brigitte Macron

President Biden Welcomes French President Macron To The White House Jill Biden and President Joe Biden welcomed French President Emmanuel Macron and his wife Brigitte Macron to the White House, ... Read more »

U.S. seeking 15-year sentence for former Theranos president Sunny Balwani

Elizabeth Holmes' top deputy was found guilty on 12 counts of fraud in June Read more »

US judge dismisses indictment against Huawei CFO that strained relations with China

A US District Judge dismissed Meng Wanzhou's indictment with prejudice Read more »

Jim Cramer Says These 3 Apparel Stocks Benefit From Return to Office

CNBC’s Jim Cramer on Friday offered investors a list of clothing stocks that he believes will see upside as workers continue returning to the office. “After the huge run in ... Read more »

Chicago Police Warn of Recent String of Armed Robberies, Carjackings

One of the most recent incidents happened this week in the city's West Ridge neighborhood Read more »

RIP ‘Los Espookys,’ illicit lovechild of Pedro Almodovar and Scooby Doo

Occasionally there comes along a cultural artifact so peculiar that adequate vocabulary does not yet exist to describe it. That was certainly the case with HBO’s “Los Espookys,” a program ... Read more »

Twitter firings gutted its compliance teams. Now it risks investigations and big fines

The work of two key teams that Twitter relied on to comply with regulators abruptly stopped amid a rash of layoffs, resignations and firings, according to two people familiar with ... Read more »

Search for Missing Wise County 7- Year-Old Shifts More to Detective Work

NBCDFW.com On the third day of the search for 7-year-old Athena Strand, the Wise County Sheriff said detective work was a greater emphasis after a massive search of the area ... Read more »
Breaking thailand news, thai news, thailand news Verified News Story Network