It's interesting to see the stock starting to come back now after its post-earnings decline, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment. Apple is a longtime AAP holding.
Shares of Integrated Device Technology (IDTI) - Get Report are also moving higher on the report, up 5.2%, because it's a leader in wireless charging capabilities, Cramer explained. He called IDT a "terrific" company.
It's also noteworthy how well so many large American companies -- such as Honeywell (HON) - Get Report , United Technologies and Johnson & Johnson (JNJ) - Get Report -- are doing despite the harsh global economic environment, Cramer said.
This is causing investors to move out of health care stocks and into industrial and even some technology stocks, Cramer said, a trend he highlighted earlier Friday.
Some of the recent economic data have also been better than expected, Cramer said. All of a sudden, investors are headed into February with a rosier outlook, ending January on a "very good note."
At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.