Skip to main content

NEW YORK (TheStreet) -- "There is a retaining wall, it seems," for Appleundefined, said Jim Cramer on Tuesday's "Stop Trading!" segment on CNBC. "I'm cognizant of when a stock has hit a wall, and this thing needs a boost over that $200."

Apple is "very much an event-driven stock," Cramer said. After a series of events, which we've just had, it "tends to do nothing."

Cramer said that looking over the Apple call, "they were so constrained" and "could have done a much bigger number. Next year, he said, "that's the number you're going to get."

"Psychologically, it seems to be just dead," he said, "but so does



, and we're seeing a retreat of the


. That was our leadership."

Cramer said it's stocks such as



"that are at work, probably off of consumer confidence."

Turning toward banking stocks, Cramer said that

PNC Financial


is the "new bank king."

-- Written by Rebecca Corvino in New York.