15 Stocks Were Recently Put Under the Microscope By Jim Cramer

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 156

Apple Inc. (NASDAQ:AAPL) is one of the stocks that was recently put under the microscope by Jim Cramer. Cramer discussed the recent downgrade of the stock by Jefferies and said:

“We know one thing when we came into this month. Apple stock had become suspect, scary, dangerous… An analyst from Jefferies on October 3rd downgraded Apple, not from a Buy to a Hold… But from a Hold to an actual Sell, saying that anything good about the new phone was already priced in. The expectations were excessive. This downgrade sent chills through any Apple bull…

Did you violate my own Apple, don’t trade it dictum? This week, we started with three different firms proclaiming that the iPhone 17 turned out… [a] much bigger hit than anyone thought. Gettable fact, just had to look at the lines worldwide to see how people were desperate to get their hands on this thing. You just had to listen to the outgoing CEO of T-Mobile when he told you the sales were brisk because of the deal they were offering… Yeah, Apple keeps going higher.”

Apple Inc. (NASDAQ:AAPL) designs and markets smartphones, computers, tablets, wearables, and accessories, including iPhone, Mac, iPad, Apple Watch, and AirPods.