Jim Cramer's Stop Trading! Apple's Good for You

06/11/07 - 03:12 PM EDT

TheStreet.com Staff

Apple (AAPL Quote - Cramer on AAPL - Stock Picks) 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 Quote - Cramer on RIMM - Stock Picks), Amazon.com (AMZN Quote - Cramer on AMZN - Stock Picks) and Google (GOOG Quote - Cramer on GOOG - Stock Picks).

"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 Quote - Cramer on DELL - Stock Picks) 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 Quote - Cramer on NUE - Stock Picks) 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."

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.

Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now. See All

  • Cramer's Daily Booyah!
  • Before the Bell

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!

Premium Services