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NEW YORK ( TheStreet) -- The first rule of growth stocks is under-promise and over-deliver, Jim Cramer told his "Mad Money" TV show viewers Wednesday as he opined on the backlash seen in Apple (AAPL) stock after what was widely perceived as a ho-hum iPhone announcement Tuesday.
Cramer said that Apple, a stock he owns for his charitable trust,
Growth stocks often learn the under-promise, over-deliver, or UPOD, message the hard way, said Cramer, as Chipotle Mexican Grill (CMG) and Starbucks (SBUX) have in the past. But lately both of those companies have managed expectations and continue to wow investors every quarter."Never promise what can't be delivered," said Cramer. Shareholders have the right not to be disappointed. What could Apple have done in 2013 to wow investors? Cramer said why not buy Twitter, or Netflix (NFLX), or both? Why not do something to reinvigorate growth more than simple buybacks and dividends? Wall Street needs, and even craves, growth, Cramer concluded, which is why so many analysts jumped on the downgrade bandwagon today.