He notes the various opinions that investors should sell either before, after or during the tech giant's Sept. 9 event, but he asks "how about just owning it?" Cramer points out this is the most heavily traded stock but says it is wrong to trade it.
Cramer says Apple sells at 16 times earnings, has a fantastic balance sheet, has a big buyback, has a good dividend and has three new products (a wearable, a wallet and a widescreen) coming out. Therefore, Cramer asks what is the point in the endless trading of Apple stock. He says investors might be able to get a break from the traders and buy it.
Must Read: Why Apple (AAPL) Stock Is Down Today
TheStreet Ratings team also rates Apple as a "buy" with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."