Cramer sees Apple as an example of how important it is to stick with stocks that have proved upward momentum.
Redler said Apple is due for a dip but believes those dips could be buyable. The day's drop to a 21-day moving average is a key test of support.
If Apple holds on to its recent gains, Redler said, it may follow in
(GOOG - Get Report)
footsteps. If not, Apple may move to its 50-day moving average around $644.
He expects Apple to be rangebound, and trading sideways until it reports earnings Oct. 15. Redler doesn't think Apple has hit its highs for the year, Cramer said. The stock may pull back, so Cramer warned of buying on the dip.
Cramer said he believes in Apple as an investor and he is not trading it. Redler said that while the stock is due for a pullback, there's still reason to believe it can rebound. So wait before you buy on the dip.
Here's what Cramer had to say about callers' stocks during the "Lightning Round":
Key Energy Services
: They are call options on oil. If you think oil's going to go down, they're going down. Cramer doesn't think it is. He also likes
: This stock should have been down three or four points after this great run, he said. This is one to buy on weakness, and Cramer doesn't know if you're going to see any.
Fifth Street Finance
, Cramer directed the caller to
Although Cramer said he'll never sneer at a 4% yield, he said that while
can do the smartphone, what has to happen is Apple has to say, "We're done with
, we're switching to Intel." Until they do that, he said, "you are flogging a dead horse" buying Intel.
, he said that "is a contract company and I have not been good at calling that group. I have to do more work and tell you the contracts are good."
Up in the Cloud
In the second "Executive Decision" segment, Cramer spoke with
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CEO Jim Whitehurst.