This Day On The Street
Continue to site
ADVERTISEMENT
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

Jim Cramer Worries for Apple Stock in 2013

That means 2013 may not have enough new product introductions of any consequence, as opposed to product tweaks, to propel the stock higher. However, next year will certainly have enough in it to make the stock go lower, thanks to the fiscal cliff's revision in capital-gains taxes. If your taxes double on your gain in Apple, it can be much better to sell now than sell later. I recently sold a lot of the stock for my charitable trust after listening to Isaacson. I couldn't act on it immediately because of my restrictions, but I also never pride myself in calling the exact top on a stock. The trust had a double, and Apple was way too big a position vs. everything else because of price appreciation. That points to the essence of greed.

That said, you may well believe the fiscal cliff is heading for resolution without all that big of a tax hike -- and Apple stock could well fall to a level that simply makes it too cheap on the basis of its dividend and its price-to-earnings multiple, which wouldn't be all that far from current levels. In that case, you might be tempted to hold on for a new product we don't know about that's been developed post-Jobs. It's a tall order, though.

Here's another way to look at it. You want to hold on to your Apple? Write your congressperson. She's in charge right now, not Apple, and last I looked I would rather pay Uncle Sam $1 today than $2 tomorrow.
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long AAPL.

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free

Markets

Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Our Tweets

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs