Jim Cramer's Stop Trading! Buy Apple

Stock quotes in this article: T , VZ , AAPL , LEH , DT  

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.

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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.

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