Jim Cramer Explains Why People Should Own Not Trade Apple

Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer was focused on recently. Cramer explained why he always suggests owning but not trading the stock, as he commented:

“You know why I always say own Apple, don’t trade it? Because despite the myriad bears and there are endless haters, this company always comes up with the best there is, the most beloved products on earth. And that’s why you can’t trade it. That’s why you must own it… I’ve said over and over and over again that as long as Apple makes the best products, people will buy them, and the stock will eventually play catch-up.

You will never catch these big moves like today, entirely unexpected, if you’re constantly flitting in and out in and out. You will be selling at the bottom and buying at the top. Sure enough, the recently released iPhone 17 series is a monster hit… This rally in Apple was totally getable. The bullish facts were all there, but so many people missed the move because there’s a whole cottage industry of people pumping out negative data points on Apple…

All three analyst reports today said that Wall Street’s earnings estimates were probably too low, not just for the year, but maybe even for the out years. I think that makes sense. Explains why the price-to-earnings multiple looks high but might come down when we see the real earnings.”

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Apple Inc. (NASDAQ:AAPL) designs and sells iPhones, Macs, iPads, wearables, and accessories. In addition, it provides subscription platforms like Apple Music, Apple TV+, and Apple Arcade, along with digital payments through Apple Pay and Apple Card.

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