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NEW YORK ( TheStreet) -- Apple ( AAPL) has earned our patience, Jim Cramer said Thursday. He was responding on "Mad Money" to news that billionaire investor David Einhorn has brought a lawsuit against the company, demanding it return more cash to its shareholders. Cramer said Apple, a stock he owns for his charitable trust,
What About Europe?Is it time to start worrying about Europe again? Cramer told viewers that after comments made by European leaders today, it's definitely time to put Europe back on the map of potential worries. Cramer said he's not advocating investors panic or start selling any U.S. stocks because of Europe, But with European leaders refusing to cut interest rates, something that's sorely needed, it's time for a wake-up call. We may not be out of the woods yet and we shouldn't be complacent.
Italy and Spain are still weak, noted Cramer, which could signal bad news for multinational companies as well as the financials, both of which are still tied to the troubled continent. Cramer said he's still a buyer of stocks on any weakness, especially on weakness caused by Europe. But investors must always keep both eyes open to developments in the world's economies as they can still have an impact on the U.S. recovery.
Action Alerts PLUS . However, he wants to sell AbbVie. Cramer was not a fan of either Key Energy ( KEG), or Petrobras ( PBR).