Apple's (AAPL) annual 'California Streaming' hardware event is expected to kick off at 1 p.m. ET Tuesday. Among numerous product reveals, industry watchers widely expect to see a first look at new iPhones, AirPods and Apple Watches.
Jim Cramer told Action Alerts PLUS senior analyst Jeff Marks that the current market environment leaves investors better off sitting on their hands, rather than attempting to pick up shares of Apple ahead of today's product reveals.
"Is Apple a screaming buy here? Well, there are no screaming buys," Cramer said.
Ahead of the event, Apple updated its iOS operating system after Israeli cyber surveillance unveiled a method to hack into iPhones without any user interaction.
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Apple is a holding in Jim Cramer's Action Alerts PLUS charitable portfolio.