No one else could have pulled off what Musk did this weekend, says Jim Cramer

Apple Now I’m not a fan of what went in today’s rally. See today Tony Saguna you from Bernstein, famous analyst on TV a lot upgraded Apple to a buy with a piece called Buy the Fear Upgrading to outperform Apple is derated significantly says amid a weak iPhone cycle and fears that Apples China business is structurally impaired. Second only believes that the expectations have finally gotten so low that it can work. Stocks aren’t going to perform the SP by 19% year to date. On top of that, he points out quote, Apple’s entering A seasonally strong trading period. The stock is outperforming the three months leading into the iPhone launch in 15 of the 17. Of the last 17 years by an average of 1280 basis points. End Quote, that is huge. And he doesn’t believe the China problem is existential. He thinks it’s normal cyclicality now. Second, that he believes that because the stocks less expensive than it’s been, it’s now worth buying. You know what he’s doing. He’s urging investors to be like Buffett who’s well attended annual mini is coming up Saturday. As Tony says quote despite his reputation as a long term buy and hold, investor Warren Buffett has been remarkably disciplined about adding to his Apple position when it is relatively cheap and trimming it when it’s relatively expensive. End Quote, even as this quarter likely won’t be good and the guidance will be weak. Tony believes Apple can sustain were to 5% revenue growth that could translate to 8 to 10% earnings growth. Everyone who watched this show knows one thing I believe in owning, not trading Apple. It’s been my view for at least 20 years now. But Tonys, an Apple skeptic, get this. In February of 2018 he downgraded the stock because he thought Apples growth would slow dramatically thanks to weak iPhone sales. He also cut his price target from 195 to 170. Now I know you might think that’s not that bad given that Apple’s now $173. But oh contraire, there’s just one problem. Since 2018 downgrade, the stocks had a four for one split. If you adjust the split, Tony downgraded Apple at $40.03. In retrospect that was not a buffet like call. Don’t miss a second of Mad Money follow at Jim Cramer on X. Have a question? Tweet Kramer Hashtag Mad Mentions? Send him an e-mail to [email protected] or give us a call at one 807 Four Three CNBC. Miss something? Head to madmoney.cnbc.com.