Jim Cramer on Apple: "We Like Apple"

Apple Inc. (NASDAQ:AAPL) is one of the 17 stocks that Jim Cramer commented on. During the episode, Cramer said that he is not expecting much from Apple Inc.’s (NASDAQ:AAPL) ongoing event, but still likes the stock.

“Apple, we’ve got that big developers conference on Friday. I am not going to raise the temperature. The thing is not a needle mover. We should stop saying it’s a needle mover. We like Apple, though.”

Apple Inc. (NASDAQ:AAPL) develops and sells a wide range of consumer electronics, software, and digital services, including smartphones, computers, wearables, and subscription-based platforms. The company’s ecosystem integrates hardware, cloud services, media content, and payment solutions to serve individuals, businesses, and institutions. On the same day, Cramer discussed the stock and said:

“Apple stock just had a second straight positive week. That’s an unusual occurrence of late, and some of the newfound luster might be in anticipation of Monday’s Worldwide Developers Conference. Now… remember, this is a software event, not a hardware event, so they’re not going to unveil new hardware, and it’s usually not a catalyst for the stock to move.

But it’s obvious from today’s aggressive buying that some speculators think this time is different. It’s been hard to own Apple lately, whether because it doesn’t have a top-notch AI offering or because it’s been targeted by the White House for shifting some of its Chinese manufacturing over to India.

The president wants the iPhone to be built in the USA, but it’s not economically feasible. It’s cheaper for Apple to just pay the tariff. The contentious relationship with Trump doesn’t help at all, but maybe Apple can catch a break now that Elon Musk is drawing so much fire. That’s my view, that it’s contentious. From the outside, some might actually think it’s convivial. I just don’t get that feeling.”

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Disclosure: None.