Was Jim Cramer Right About These 9 Stocks?

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 159

In that older episode, a caller brought up Apple Inc. (NASDAQ:AAPL) after news broke of strong year-over-year iPhone sales growth in China. Cramer noted the news was positive but emphasized that macroeconomic factors like rising interest rates were pressuring the broader market. He replied:

“Apple was up $2.30–$2.40 at 5:00 AM on this news and then it just proceeded to give up the ghost the whole day because the rest of the market was under a lot of pressure… I think Apple is a buy here. I want you to own it, I don’t want you to trade it.”

Cramer’s steady confidence was fair, with the stock up only +4.76%, this wasn’t one of his best calls.

Apple Inc. (NASDAQ:AAPL) is a global consumer electronics and software company best known for its iPhone, Mac computers, and services ecosystem including iCloud, Apple Music, and the App Store.

Discussing the company’s position regarding the recent trade tensions, he said the following on June 2:

“I don’t even want to think about what’s happened to Apple because it dared to move some iPhone manufacturing from China to India. Trump’s hitting those phones with a 25% tariff because he wants them to be made in the US. From Apple’s perspective, it’s probably cheaper just to pay the 25.”