This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Cramer's 'Mad Money' Recap: No Stopping Apple (Final)

Search Jim Cramer's Mad Money trading recommendations using our exclusive Mad Money Stock Screener and watch Jim Cramer's Mad Money Post Game video exclusively on

NEW YORK ( TheStreet) -- "The United State of Apple is alive and well," Jim Cramer proclaimed to the viewers of his "Mad Money" TV show Monday. Cramer said that Apple (AAPL), a stock which he owns for his charitable trust, Action Alerts PLUS , was one of the leading drivers in today's rally off the lows.

Cramer explained that with so much negativity in the markets preparing for a slowdown or global recession, it's only natural that investors are looking for growth wherever they can find it. He said the most logical company that has growth, is Apple.

Consensus estimates are for Apple to earn $32 a share in fiscal 2012, but Cramer said those estimates are drastically too low. He said with the world clamoring for the next iPhone and the iPad still the only game in town, not to mention the downfall of rivals Hewlett-Packard (HPQ) and Research in Motion (RIMM), Apple could earn as much as $45 a share.

Back out the company's projected $150 a share in cash, and that leaves Apple trading at a mere five times earnings. That's five times earnings for Apple, compared to an average of 13 times earnings for the rest of the S&P 500, Cramer added.

Cramer said he expects to see analysts drastically revising their targets for Apple upward in the coming weeks, sending shares flying. He said so strong are Apple's prospects, that it's taking a host of other growth stocks with it, stocks like Deckers Outdoor (DECK), Green Mountain Coffee Roasters (GMCR), Wynn Resorts (WYNN), Polo-Ralph Lauren (RL) and VF Corp (VFC).

Cramer also gave the nod to other high fliers such as Whole Foods (WFM), (AMZN) Panera Bread (PNRA) and Chipotle Mexican Grill (CMG), a stock that was up over 5%.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
PCS $11.84 0.00%
AZO $680.44 2.80%
DE $87.40 -0.01%
FSLR $59.46 -0.26%
JNPR $22.22 -0.40%


DOW 17,688.61 +10.38 0.06%
S&P 500 2,058.62 +2.47 0.12%
NASDAQ 4,879.4420 +16.08 0.33%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs