Cramer considers Apple a winner that has changed the way people listen to music. Not only is it a brand people trust and love, but it is cool, Cramer continued. Moreover, Microsoft's (MSFT Quote) Zune MP3 player will not be able to push it past Apple, he said.
And now that Apple has set up its operating platform, it should continue to grow with its new iTV and Apple phone products, Cramer said. Because none of the analysts have worked the phone angle into their estimates, Cramer said he expects a "tidal wave" of raised estimates to hit the market soon.
There are always bears and short-sellers, but in Apple's case "they are wrong and should get buried," Cramer said.
The bears have been wrong for the last three years by believing Apple's iPod growth would wear out, and now the company has more growth-drivers than just its iPod, Cramer said. In addition, he believes the options-backdating issue is insignificant and should not affect the stock.
"It has a winning formula, and nothing is going against it."
And the Winner Is ... NYSE Group
Cramer's growth stock for the new year is the NYSE Group (NYX Quote). "If you're comfortable taking a few risks to make more and more mad money, NYX is for you," he said.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,058.64 | 1,070.52 | 2,150.87 | 36.33 |
Oil *
72.02
|
|
UP
150.25
|
UP
13.78
|
UP
24.82
|
UP
0.41
|
10 Yr
3.63%
SPDR Gold
105.45
|
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+1.52%
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+1.30%
|
+1.17%
|
+1.14%
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