Jim Cramer addresses Apple
critics. Cramer says to have some faith in Tim Cook and his team.
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Apple
reported yet another mind-blowing quarter this week, and while Jim
Cramer is already hearing the skeptical questions from investors—he
thinks this amazing stock could roar even higher this year.
"Staggering, but can it continue?"
"Doesn't it have to run out, now?"
"The law of large numbers says it can't stay like this"
Cramer has heard these questions, but the
standard answers don't apply because Apple is an animal of its own class.
"Staggering, but can it continue?"
"Doesn't it have to run out, now?"
"The law of large numbers says it can't stay like this"
Cramer has heard these questions, but the
standard answers don't apply because Apple is an animal of its own class.
"Those questions have been among the most costly series of
inquiries imaginable. They have, for years, kept you from owning the
greatest stock of the greatest company on the face of the Earth," said
the "Mad Money" host.
These skeptics doubted the iPod, the iPhone, the iPad, and the new iPhones four, five and six. They even doubted the big iPhone and thought China would hate the new phones. Yet, every one of these initiatives ended up being amazing.
So, while the skeptics may have moved on to doubting the Apple watch and Apple Pay, Cramer still stands his ground by continuing to advise investors to own Apple, don't trade it.
Why not trade Apple?
Cramer has seen the mistakes of other investors who left a ton of money on the table because they were worried that the stock couldn't go any higher.
At this point, Apple management has earned Cramer's trust. So, if they say something is big, it will be and the stock will climb. Give them the benefit of the doubt.
"If Tim Cook says, as he did on the call, that he can't live without his watch then you will probably not be able to live without your watch."
So, if Apple says there is still demand for their phones, and that most people haven't upgraded or bought an iPhone yet—believe the tech giant.
This is another reason why Cramer thinks this year could be the year that Apple rules retail. He speculated that those retailers that have not yet adopted Apple Pay will have to this year just to protect themselves from the customers who demand it.
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Read more from Mad Money with Jim CramerCramer Remix: I've never seen anything like this beforeCramer's Super Bowl stock face-off—Seahawks or New England?
Cramer:How to avoid these market complainers----------------------------------------------------------
"Apple's going to roll retail like it did record companies," Cramer said.
The "Mad Money" host is on Cook's side. After all, numbers don't lie and Apple has put out some monstrous numbers.
Cramer's bottom line? Own it, don't trade it. You and your portfolio will be thanking him in the future.
These skeptics doubted the iPod, the iPhone, the iPad, and the new iPhones four, five and six. They even doubted the big iPhone and thought China would hate the new phones. Yet, every one of these initiatives ended up being amazing.
So, while the skeptics may have moved on to doubting the Apple watch and Apple Pay, Cramer still stands his ground by continuing to advise investors to own Apple, don't trade it.
Why not trade Apple?
Cramer has seen the mistakes of other investors who left a ton of money on the table because they were worried that the stock couldn't go any higher.
At this point, Apple management has earned Cramer's trust. So, if they say something is big, it will be and the stock will climb. Give them the benefit of the doubt.
"If Tim Cook says, as he did on the call, that he can't live without his watch then you will probably not be able to live without your watch."
So, if Apple says there is still demand for their phones, and that most people haven't upgraded or bought an iPhone yet—believe the tech giant.
This is another reason why Cramer thinks this year could be the year that Apple rules retail. He speculated that those retailers that have not yet adopted Apple Pay will have to this year just to protect themselves from the customers who demand it.
----------------------------------------------------------
Read more from Mad Money with Jim CramerCramer Remix: I've never seen anything like this beforeCramer's Super Bowl stock face-off—Seahawks or New England?
Cramer:How to avoid these market complainers----------------------------------------------------------
"Apple's going to roll retail like it did record companies," Cramer said.
The "Mad Money" host is on Cook's side. After all, numbers don't lie and Apple has put out some monstrous numbers.
Cramer's bottom line? Own it, don't trade it. You and your portfolio will be thanking him in the future.
Questions for Cramer?
Call Cramer: 1-800-743-CNBC
Want to take a deep dive into Cramer's world? Hit him up!
Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine
Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com
Call Cramer: 1-800-743-CNBC
Want to take a deep dive into Cramer's world? Hit him up!
Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine
Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com
Abigail Stevenson
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