Cramer's 'Mad Money' Follow-Up: Apple
On Monday's "Mad Money" show, Jim Cramer made the case that "this is not a bear market rally." As evidence, he said the Nasdaq was up 17% from its lows.
Apple
(AAPL) - Get Report
was up 69% year-to-date, he said, even before it announced its new iPhone on Monday.
On Tuesday, Apple closed down $1.13 to $142.72.
(GOOG) - Get Report
was up 43% for the year, he said, benefiting from an increase in advertising market share.
On Tuesday, Google lost $3.15 to close at $435.62.
name
Cisco
(CSCO) - Get Report
was up 28% for the year.
On Tuesday, Cisco added 21 cents, or 1.1%, to close at $20.08.
For a speculative tech play, Cramer offered up
ADC Telecomm
( ADCT), which makes network infrastructure equipment. Cramer likes the stock as a play on increased demand in the U.S. and strength from China.
On Tuesday, ADC closed up 55 cents, or 7%, at $8.39.
Regions Financial
(RF) - Get Report
CEO C. Dowd Ritter earned a spot on Cramer's Wall of Shame list of the worst CEOs due to the stock's 89% fall since Ritter became CEO.
On Tuesday, Regions lost a penny to close at $4.06.
In his
, Cramer said that
Nordic American Tanker
(NAT) - Get Report
is his "favorite way to play the oil-tanker market."
On Tuesday, NAT gained $1.01, or 3.1%, to $33.62.
He also said he "should be recommending"
Otter Tail
(OTTR) - Get Report
because it's a "great wind play."
On Tuesday, Otter Tail closed up 6 cents at $20.22.
At the time of publication, Cramer was long Cisco.
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