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NEW YORK (TheStreet) -- If Apple (AAPL) shares are able to find a bottom point tomorrow, everyone else will, too, Jim Cramer told his Mad Money viewers Thursday as he tried to find that one stock that could hold the key to the markets.
When investors buy a stock, they expect that company to post great revenue and great earnings every quarter. That, in turn, will fuel the analysts to raise estimates and shares will head higher. The company can then further reward shareholders with big dividends and stock buybacks.
At least, that's the way its supposed to work. But in the case of Apple, a stock Cramer owns for his charitable trust, Action Alerts PLUS, the company did all of those things and shares have fallen in a straight line ever since.
"I see things out there I just don't like," Cramer told viewers. If the markets won't reward Apple for posting one of the best quarters in corporate history, then the rest of the markets are in trouble.
The exact scenario was seen through today's session, with Yelp (YELP) shares slammed 23% on its earnings release, LinkedIn (LNKD) posting a massive 24% decline on its earnings and AmerisourceBergen (AB) giving back nearly all of its gains after it reported.