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NEW YORK (TheStreet) -- Apple's (AAPL) - Get Apple Inc. (AAPL) Report fiscal first-quarter earnings pushed its stock up over 6% after crushing earnings per share and revenue estimates. No one is happier about that than TheStreet's Jim Cramer. Apple is a holding in his Action Alerts PLUS portfolio.
It wasn't just Apple shares getting a boost, Cramer pointed on CNBC's "Stop Trading" segment Wednesday. Shares of Skyworks Solutions (SWKS) - Get Skyworks Solutions, Inc. Report -- a company that had an "unbelievable quarter," -- barely moved after it reported earnings but got a boost today thanks to its products being in Apple devices.
Similar price action can be seen in shares of Avago Technologies (AVGO) - Get Broadcom Inc. Report and NXP Semiconductors (NXPI) - Get NXP Semiconductors NV Report , Cramer noted. NXP shares are "going much higher," he said, because a lot of investors are holding the stock short.
"If it is the year of Apple Pay, it is the year of NXPI," he added.
Cramer thinks semiconductor companies in general look attractive because connectivity in automobiles and housing continues to grow. Besides the semiconductor companies above, Cramer said Freescale Semiconductor undefined and Cypress Semiconductor (CY) - Get Cypress Semiconductor Corporation Report are also attractive.
-- Written by Bret Kenwell
At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL.