Jim Cramer Discusses These 10 Stocks & An Outfit Better Than DeepSeek

5. Apple Inc (NASDAQ:AAPL)

Number of Hedge Fund Holders In Q3 2024: 158

Apple Inc (NASDAQ:AAPL)’s shares are down by 6.6% year-to-date primarily on the back of investors’ worries about escalating trade tensions between the US and China. They dipped by 3.4% in February after tariffs against China led to worries of profit margin erosion. Then, Apple Inc (NASDAQ:AAPL)’s stock lost another 1% after a report claimed that China was considering an investigation against the firm’s App Store platform. Cramer’s comments were made on that day:

“Look I think that, when you wake up and China’s doing what the Justice Department is doing to Apple. And then we think we freak out. They’re actually considering it, and I don’t mean to jump around too much.”

“You look at what Jonathan Kanter. . . around these days is talking about what they want Apple to do? Well, the Chinese communists are a little bit less aggressive than Kanter.”

“Okay, but Apple would tell you that they [Justice Department] were really tough. . . . come out and say, they were tougher than the communists.”

“I think that, they’re trying to figure out what to do, the Chinese. That was, we may look at it. Now this is something that if Eddie Cue were here, executive at Apple, he would say that oh my god, we did that with Justice, now we gotta do with these guys. But uh you know David, when you go after something that is a really good margin business like their Service revenue, everyone just gets a little bit nervous. But the stock has been down, down, down, down, down people are saying well I don’t know, maybe it can stabilize here.”