Jim Cramer Repeats His "Own It, Don't Trade It" Mantra on Apple

Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer discussed along with macroeconomic conditions. Cramer highlighted how the company tackled the tariffs, as he remarked:

“I also asked what the impact of President Trump’s trade policies would be on tech, and by and large, this hasn’t been a major issue. There were times that tariffs on China and India looked like they might impact Apple, but the company won exemptions by making large domestic investment commitments. I say Apple, own it, don’t trade it.”

Apple Inc. (NASDAQ:AAPL) manufactures and sells devices such as the iPhone, Mac, iPad, along with its line-up of wearables and accessories. The devices are supported by the company’s app ecosystem, AppleCare, and cloud tools. During the December 17 episode, Cramer called the company a “buyback monster.” The Mad Money host stated:

“Second, don’t forget that Apple, the second-largest company in the world, also happens to be a buyback monster, having shrunk its share count by 33.7% since the end of 2015. The stock’s up 933% over that same period. I always say own Apple, don’t trade it, so tonight, I just want to point out that this is a $4 trillion company that still managed to repurchase more than a third of its shares over the past decade.”

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