Jim Cramer Reiterates “Own Apple, Don’t Trade It”

Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer put under the microscope. Cramer mentioned the stock during the episode and stated:

Finally, on Thursday night, Apple reports, and this stock has been on an eight-week losing streak, although it managed to post a nice 3% gain today. Much of that pullback relates to the rising cost of memory chips because those are key components for iPhones and Mac computers. Apple’s now forced to choose between sacrifices of margin or raising prices and possibly hurting demand. I want to see what kinds of gross margins Apple’s able to generate and hear from management how they think that it could change in the future. I’m not optimistic on the memory issue, but we did get some positive commentary from an analyst about how memory margin problem is manageable, and that could be why the stock was up $7.37. First good day in ages, by the way.

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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.