Jim Cramer Highlighted 12 Stocks Recently

8. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 156

Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer highlighted recently. Cramer highlighted the company’s stock buyback and called it a “serial repurchaser,” as he said:

“Now we gotta go down to the companies that have been buying back stock at a 4% clip annually to find the two that I want to pound the table on right here and right now: Wells Fargo and Apple… Then let’s deal with the pachyderm in the room. Let’s deal with Apple. Alright, here’s a company that’s addicted to buying back its own stock. It’s just a serial repurchaser, a sign that I think that management always thinks the stock is cheap, even if they don’t come out and scream that. The timing here for Kostin turns out to be impeccable; better be lucky than good. You know why? Because today happens to be the launch of the new Apple iPhone, the 17, thinner, better, stronger.

The iPhone Air dazzled because of its thinness. There were price increases, not as noteworthy as I thought they’d be. They’ll mostly be absorbed by the consumer, in part, because these phones are heavily subsidized by your wireless carrier. You just kind of don’t feel it. Now, Apple stock was down 1.5% today, not unusual as this has historically been a sell, the news, event. The stock’s been down or just flat after this annual iPhone announcement in four out of the last five years…

People left it. They say, ah, today wasn’t the day. Well, it’s not supposed to be, but get this: If you look at how Apple’s done one year after the last five years’ worth of launches, it’s rallied 13% on average, and it was up in every single one of those years… Let’s make real money, okay? 13% in the year after new iPhone launch, that’s what I call real money. I like Apple, I like those launch statistics, and now I have one more reason to tell you to own it, not trade it: Apple’s buyback aristocrat status.”

Apple Inc. (NASDAQ:AAPL) designs and sells smartphones, computers, tablets, wearables, and accessories, alongside cloud, support, and advertising services.