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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Jim Cramer's 'Mad Money' Recap: Apple Is a Bargain

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.


NEW YORK (TheStreet) -- Are there bargains still to be had in this red-hot market? Jim Cramer asked his "Mad Money" viewers Monday.

He said there is one stock that's not up for the year, one that yields 2.3% and trades at just 12 times earnings despite a remarkable growth rate. That's the stock of Apple (AAPL), a stock Cramer owns for his charitable trust, Action Alerts PLUS.

Cramer said Apple just received an analyst upgrade today, one that made a remarkable amount of sense. That upgrade cited higher iPhone sales, higher gross margins and some signs of Android weakness as the main drivers for Apple, but Cramer said there's a lot more to like about Apple.

Cramer noted that Apple has a big catalyst coming with its expected iPad announcement tomorrow. That announcement should put the company in a position to have a strong holiday season.

Additionally, Cramer said Apple's board has a lot of options it could take before the company's next earnings call on Oct 28. He said if Apple really wanted to turbocharge its share growth, it could split the stock 4:1 and increase the dividend. Both those moves would make Apple shares more attractive to retail investors and less of a target for the shorts, he said.

With all of these things going right, Cramer said there's simply a lot more to like about Apple than there is to dislike at current levels.

Executive Decision: David Cote

In the "Executive Decision" segment, Cramer sat down with David Cote, chairman and CEO of Honeywell (HON), an Action Alerts PLUS holding that's up 41% since Cramer last spoke with Cote in November. Honeywell just posted an earnings beat of 1 cent a share but lowered its full-year revenue forecasts.

Cote said Honeywell did exactly what it said it would this quarter. He noted the sales miss stemmed from the timing of a big acquisition closing and a slowdown in defense spending related to the government shutdown and sequester. There's no cause for concern because growth overall remains on track, he added.

Stock quotes in this article: AAPL, HON, GE, SWK, BMRN, BBRY, CCI, AMT, T, VSAT, LULU, STWD, KOG, UNP, ECOM, CRM 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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.
DOW 16,377.45 +114.89 0.71%
S&P 500 1,853.40 +10.42 0.57%
NASDAQ 4,057.4840 +23.3230 0.58%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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