Jim Cramer's Stop Trading! Buy Apple

Stop Trading!

Return to Article

TheStreet.com Staff

08/24/07 - 02:50 PM EDT

Buy Apple (AAPL Quote), Jim Cramer said Friday on CNBC's "Stop Trading!" segment.

Cramer said the New Jersey teenager who hacked his iPhone to make it compatible with the T-Mobile network "just killed AT&T (T Quote)," which has the exclusive U.S. rights to sell the pricey handset. But Cramer said the stunt shows the huge appeal of the huge iPhone.

Cramer also said financial stocks are "out of control," and he believes the "group's just too strong" given questionable underlying fundamentals in the M&A, commercial paper and mortgage businesses. Cramer questioned the 2% rise in Lehman (LEH Quote), among other solid gains.

Visit TheStreet for more great features

TheStreet Premium Services

From the action-oriented investing ideas of Action Alerts PLUS by Jim Cramer to the expert technical trading strategies of Helene Meisler's Top Stocks, TheStreet.com offers a range of premium services to help boost your portfolio's performance. View now.

Expert Advisors Alerts Delivered to your Inbox

Action Alerts PLUS: Cramer's personal portfolio, emails before he acts.

RealMoney: 70+ experts share their top investing ideas and analysis.

Stocks Under $10: Alerts identify undervalued stocks with profit potential.

FREE NEWSLETTERS

Get an edge on the market with the help of free email newsletters like Jim Cramer's Daily Booyah!. Learn about the day's major market events, companies that sizzled or fizzled and lots more that can help you make more profitable investing decisions. Sign up.