Here's What Jim Cramer Thinks About Apple's Stock

Jim Cramer has a warning about Apple's stock ahead of the company's quarterly report next week.
By Jim Cramer ,

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer has a warning about Apple's (AAPL) - Get Report stock. 'There are a lot of faux buys - there are a lot of people who really want to not have a BUY [rating] on it,' Cramer said, referring to analysts' ratings on the stock. On Thursday, BMO Capital Markets lowered their price target on the stock by $2 to $116 a share, but maintained their OUTPERFORM rating. He said Apple shares have been rising lately on the heels of Pokemon Go, which could be a boon to Apple's services revenue stream. Apple reports quarterly results next week. 

Loading ...