Cramer's TheStreet.com TV
After Apple's (AAPL - Cramer's Take - Stockpickr) earnings come out on Wednesday, people can buy the stock, but for now they should consider selling some of their position, Jim Cramer said on TheStreet.com TV's Wall St. Confidential Web video Monday. There have been comments on Stockpickr.com that Cramer's been "ducking" Apple, but this is not true, he said. "I have continually said that Apple is one of those stocks that you must trade around on every data point," Cramer explained. "What I said is that as we got closer to the iPhone launch, you should sell it." He suggested that because during the time of the iPhone launch, he said there would be people pressuring Apple shares down. Then after there had been some disappointment created, Cramer said people could buy it back. "I feel the same away about the earnings," he said. "We have now had this first-class ramp into earnings. I don't like ramps into earnings." The reason market players got a "big run" in Intuitive Surgical (ISRG - Cramer's Take - Stockpickr) and Research In Motion (RIMM - Cramer's Take - Stockpickr) after earnings was because "no one was expecting anything," Cramer said. Meanwhile, everyone is expecting something good with Apple. Cramer said he believes the call is not going to be about the iPhone, but about the company's earnings, and he doesn't believe there is anything special in Apple's earnings. "The next day [after the earnings] it will get hit and then you can pull the trigger," he said of Apple.
Cramer says that the stock is 'moronically' down, because the bank's key metrics are sound.
Cramer says it may be best not to trade this week.
Despite some negative news, Cramer sees tech in a hot phase like that of oil stocks last year.
These forgotten Internet stocks are being accumulated by hedge funds.
Raspberries for Apple; You'll be sorry, UBS; Fortress or Fort Knox? Wholly unappetizing Foods; give Liberty AOL or give them...
The GOP presidential candidate raised $27 million in July.
Some credit and debit cards give you some cash back on purchases. But you need to manage it well to benefit from it.
Sponsored by:



