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RealMoney Radio Recap: Accolades for Apple

Cramer says that the iPod maker's last-quarter earnings report should silence the doubters.

Market players need to get into

Apple

(AAPL) - Get Apple Inc. (AAPL) Report

, which is where "the most money is being made today," Jim Cramer said on his

"RealMoney" radio show Thursday.

Sometimes the easiest way to make money is to bet against the critics, which is what Cramer is suggesting that people do regarding to Apple. Although numerous other companies, such as

SanDisk

(SNDK)

, might be coming out with their own versions of the "iPod killer," these products can't compete with the iPod, he said.

Instead, all that the iPod criticism has done is prevented people from making money in Apple, he said. "Money is made in this country by betting against conventional wisdom."

In a recent press release, Apple said its business "was dramatically better" than everybody thought, and the stock "exploded" four points higher. According to Cramer, Apple still has 20 further points to explode.

"Everybody is trying to take a crack at Apple, and the media paints every initiative against Apple as an iPod killer," but this stock is "going to $100," he said.

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Apple is still down eight points from its beginning-of-the-year high. However, Cramer said this doesn't make sense because the company is doing better now.

Similarly, although people have been against the homebuilders, these stocks have done nothing but go up, he said.

"You can't be spooked out of Apple or homebuilders," Cramer said. "It is true that homebuilders have been hurt, but these companies are priced as if they are going out of business, and this is not happening."

TheStreet Recommends

A stock he got wrong, he said, is

eBay

(EBAY) - Get eBay Inc. Report

.

Cramer said he's been negative on the stock and consequently kept people out of it from $22 to $30. He got it wrong, he said, because he did not look enough at eBay's bull case.

"EBay has done many things wrong," Cramer said. Not only did it overpay for

PayPal

and

Skype

, but also, he had no confidence in CEO Meg Whitman.

"The eBay franchise, no matter how much

the management tries to destruct it, is indestructible," Cramer said. "It is free from competition and so it will go higher."

There are many companies that have tried to do what eBay does, including

Yahoo!

(YHOO)

, which Cramer owns for his charitable trust,

Action Alerts PLUS,

Amazon

(AMZN) - Get Amazon.com, Inc. Report

and even

Google

(GOOG) - Get Alphabet Inc. Class C Report

. But they have all failed, he said.

EBay is a stock which is done going down, Cramer said.

McGraw-Hill

(MHP)

is the one media stock that is worth owning, said Cramer.

Media-related stocks is a group Cramer said he's been negative on "without reservation." However, he believes that McGraw-Hill is not done going up, even though it is up big today.

In this sector, while other companies have pure plays on either newspapers or television, McGraw-Hill has put together a group of properties, Cramer said.

"You need to be in a mosaic of businesses

in this sector, and that's what McGraw-Hill is doing," he said.

Although it's at its 52-week high, it is best of breed and the "least likely to let people down," Cramer said. "It joins the ranks of

Toyota

(TM) - Get Toyota Motor Corp. Sponsored ADR Report

as best of breed in autos and

AT&T

(T) - Get AT&T Inc. Report

as best of breed in telcos."

Every week readers of

TheStreet.com

vote on the stock they most want Cramer to talk about. This week's "Cramer on Demand" stock was

Genentech

(DNA)

.

When people selected Genentech, Cramer said he was "thrilled" because it has the only drug right now which he considers a "wonder saving drug," which is Avastin.

While other companies may have great drugs that make people feel better, "they don't save lives," he said.

The risk/reward Cramer sees here is one point down and 15 points up.

Cramer's Callers

"

Harley-Davidson

(HOG) - Get Harley-Davidson, Inc. (HOG) Report

is a company that all the people on Wall Street hate," said Cramer.

"The Street keeps thinking that the consumer is going to rebel and stop paying money for expensive items such as motorcycles," Cramer said.

"They don't understand that Harley-Davidson is a company that has a brand," he went on to say. "It's a best-of-breed brand when it comes to motorcycles, so no matter how the consumer is doing, the stock keeps going higher."

Cramer told the caller he likes Harley-Davidson here.

Circuit City

(CC) - Get Chemours Co. Report

is not best of breed, said Cramer.

Although it is the largest seller of big screen TVs, as a percentage of its sales, Circuit City's management is "spotty at best and not bankable," he said, adding that

Best Buy's

(BBY) - Get Best Buy Co., Inc. Report

management, on the other hand, is bankable.

Responding to his next caller, Cramer said

McDonald's

(MCD) - Get McDonald's Corporation (MCD) Report

is doing "terrifically."

Other stocks which are performing well are

AT&T

,

Continental Airlines

(CAL) - Get Caleres, Inc. Report

and

JC Penney

(JCP) - Get J. C. Penney Company, Inc. Report

, he added.

He told another caller that while

Red Hat

(RHAT)

has no credibility, a company and stock like

Apple

has "massive credibility."

Red Hat has "serious structural problems" including problems with management and with a declining rate of growth, Cramer said.

"Swap out of Red Hat and go buy Apple, and I believe you will make back the money you lost in Red Hat," he said.

At the time of publication, Cramer was long Yahoo!.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, 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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here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click

here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click

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here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

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