Jim Cramer's Mad Dash: AAPL MNKD

NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, examined Piper Jaffray's research note on Apple (AAPL), an AAP holding.

The stock has remained largely unchanged while "old technology" stocks like Hewlett-Packard (HPQ), Microsoft (MSFT) and Western Digital (WDC) all continue moving higher. The analyst explained that Apple is a quality value-play candidate, too. 

Cramer said Piper Jaffray thinks the iPhone is underrated, as is the boost to the dividend and buyback program.

Cramer likes Apple but called Samsung a "great company" and stock. However, it may be difficult for U.S. retail investors to get in the name since it trades in the Korean stock market. 

However, shares of Samsung would go much higher if listed in the United States, he said. 

Turning to MannKind (MNKD), the stock is soaring after a Food and Drug Administration panel recommended approval of diabetes drug Afrezza. 

Cramer added that the "short interest here is monumental" because the bears didn't think the drug would be approved. 

"You have to watch this one," he concluded, adding that he has no opinion on the stock.

-- Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL.

More from Opinion

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

AAP Exclusive: Cramer Says The President is No Longer on the Side of the Bulls

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters

Why It Makes Perfect Sense for Netflix and Amazon to Buy Up Movie Theaters

2 More Reasons to Sell All Your Stocks and Run Away

2 More Reasons to Sell All Your Stocks and Run Away

Sean Hannity's Link to Trump Lawyer Raises Questions: Doug Kass Insider

Sean Hannity's Link to Trump Lawyer Raises Questions: Doug Kass Insider

Netflix Blowout Earnings Remind Investors of One Thing: This Company Is a Beast

Netflix Blowout Earnings Remind Investors of One Thing: This Company Is a Beast