Jim Cramer — I'm Bullish on Fitbit and Not Giving Up on Apple

NEW YORK (TheStreet) -- Jim Cramer took a closer look during CNBC's "Stop Trading" segment Tuesday at two tech stocks that thrive on building consumer ecosystems -- Fitbit (FIT) and Apple (AAPL). 

Fitbit's shares are up 6% on a "very positive" report issued by analysts at RBC Capital Markets, said Cramer, the co-manager of the Action Alerts PLUS portfolio

Analysts initiated the stock with an outperform rating and $45 price target while also estimating the company will sell far more units than Cramer had predicted, even though he said he's been bullish on Fitbit since before its initial public offering. 

AAPL Chart
Apple AAPL data by YCharts

Turning to Apple (AAPL), a longtime AAP holding, Cramer commented on its music streaming service, Apple Music, launched today. "I think Apple Music is being underestimated," Cramer said, adding that the new service seems meaningful. 

Cramer said too many investors appear to be giving up on Apple's stock, and that seems premature.

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

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