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Ride Apple (AAPL Quote) until the new iPhone comes out, Jim Cramer said on CNBC's "Stop Trading!" segment Thursday.
Cramer said of the market, "I'm seeing money coming in for the first time in a long time. ... Maybe it's the $600 checks, maybe it's the income tax refund," he said. He said that he recently spoke with a major retailer. The company said strong sales may be attributable to good weather and impulse buys.
That impulse buying, Cramer said, should help Apple's iPod sales "while we wait for the iPhone." He also said that MasterCard (MA Quote) faces a bullish outlook on this thesis.
Cramer's Love-Hate Relationship With AAPL, MA |
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