Jim Cramer's Stop Trading! Apple's Good for You
Apple (AAPL) is still a core stock to own, and with a minor pullback taking place, it might represent a buying opportunity, Jim Cramer suggested Monday on CNBC's "Stop Trading!" segment.
The maker of Macintosh computers and iPod music players is one of his new "four horsemen" of technology, along with Research In Motion (RIMM), Amazon.com (AMZN) and Google (GOOG). "Demand is out of control for the iPhone," he said. Noting that shares of Apple declined a bit after CEO Steve Jobs spoke at the company's annual developers conference, Cramer said his "inclination is to buy on any weakness, but I need to know more." The way to play it is to wait a day before buying the shares, he said. Cramer also liked a call from Bear Stearns in which the firm raised its forecast for PC sales, and he said Dell (DELL) is a great story for the second half of the year. "I would be a buyer of Dell here," he said. "I think Michael Dell's a winner." Following Nucor's (NUE) profit warning, Cramer said investors interested in the steel sector should seek out names that aren't connected to housing. As for the soft forecast, he suggested it could be a case of "Nucor once again sandbagging us. It's a great American company.">To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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