We recently published a list of Jim Cramer Tells Viewers To Not Trust Billionaires & Discusses These 11 Stocks. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other stocks Jim Cramer discusses.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer commented on the potential impact on Wall Street from President Trump’s potential actions against Denmark, Panama, and South Africa. Amongst other actions, the President has vowed to make Denmark’s Greenland territory a part of the US and threatened to cut funding to South Africa over allegations of land confiscations.
Cramer believes that the “street sells” in response to these actions. He stated “That’s what happens. I’m not in any hurry to buy anything. We just were at a high. We had some big turmoil in tech as it was. We got a lot of quarters this week.” However, while the absolute near-term outlook might be uncertain, all sectors aren’t bad. According to Cramer “The only stuff I would think about buying are the drugs, medical device. Because their business, for the most part, not made in China, not made in Mexico. So those are the ones.”
One outcome that was clear from the November election campaigns was that President Trump differs significantly from President Biden when it comes to policy. However, he might continue one aspect of the previous administration. Cramer shared that when it comes to drug prices “Remember, the IRA [Inflation Reduction Act], under Biden, they did lower the prices. I think that’s something that President Trump would continue to do.” He also believes that “It’s a bit of a canard, the drug companies charge a lot here.”
One interesting discussion during the show surrounded hedge fund billionaire Paul Tudor Jones‘ comments about the general economic climate being “precarious.” Cramer took issue with Jones’ word choice. He started by outlining “I want to point out that once again, we have billionaires on. And billionaires always say it’s incredibly precarious.” As a result, Cramer pointed out that “People at home therefore sell and they miss great opportunities to buy because they hear that it’s really precarious from someone who’s a billionaire so therefore it is.”
However, the CNBC TV host urged people to keep investing as “you can’t make money listening to a billionaire because they already have made money.” When asked whether his advice meant that he was encouraging stock buying at a time when markets were dipping he replied “No, look I’m not saying to buy. I’m just saying that’s a very tough word, precarious makes it sound like that we are in a systemic moment. I save that for 2007, 2008 when we were precarious.”
Comparing the President’s current administration to the previous one he commented:
“I think that the president gave us last time some tax cuts ahead so you kind of felt that there was some good things happening. Here he comes up with this first which makes it feel like that you justify what he said on Friday when he said he didn’t care about the markets. Ultimately, David, he does care about the markets. And I don’t think he wants them down badly.”
Cramer also speculated that if tariffs make Canadian oil more expensive then US producers could be incentivized to produce more. He doesn’t “Think they’re going to produce much more because that’s their whole . . .they’ve all tried to keep their production down because they want prices up. That’s what they do.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on February 3rd.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds invest in? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here).
Apple Inc. (NASDAQ:AAPL)
Number of Hedge Fund Holders In Q3 2024: 158
Apple Inc. (NASDAQ:AAPL) is the world’s most valuable company – a title that it recently retook from NVIDIA after the DeepSeek selloff last week. The firm’s latest quarterly results saw it beat analyst revenue and EPS estimates with the results powered by the solid performance of its personal computer and services business. Cramer is a long-time believer in Apple Inc. (NASDAQ:AAPL)’s shares, and defended the firm multiple times in January after social media CEO Mark Zuckerberg claimed that innovation had finished at the firm since its co-founder Steve Jobs’ passing. Here are his latest remarks:
“One of the reasons why I worry about the term precarious again is that why don’t people own Apple here? Well they’ve been told so many times that times are precarious that they’ve sold it! They’ve sold Amazon cause it’s precarious. They’ve sold Microsoft! And I’m saying that in 2007 it was precarious. These other times we worked it through. That’s all I’m saying.”
Overall, AAPL ranks 4th on our list of stocks Jim Cramer discusses. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.