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Jim Cramer's Stop Trading! Eyeing Apple

Cramer would buy ahead of Wednesday's earnings.

IBM (IBM) - Get Free Report could pick up a quick 15 points with a long overdue CEO change, Jim Cramer said Friday on CNBC's "Stop Trading!" segment.

Cramer said Big Blue chief Sam Palmisano is on "a permanent intellectual vacation" and that the stock could easily drop 20% from a recent $94.50 if a new leader isn't selected. Cramer suggested helpfully that "maybe IBM could get a board of directors," since he said it's clear the Armonk, N.Y., company must not have one given Palmisano's continuing employment in spite of his sorry track record.

Cramer said the one tech stock he's looking at right now is


(AAPL) - Get Free Report

ahead of Wednesday's postclose earnings report. Cramer said this is the last quarter before Apple's release of its much-anticipated iPhone, and buying the stock at a recent $90 is a good move considering the weakness of the competition. Cramer said


(NOK) - Get Free Report

has tacked on 6 points from its January lows largely because



is sputtering and misfiring.

At the time of publication, Cramer had no position in stocks mentioned.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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