TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said  Apple (AAPL - Get Report)  isn't that far away from a $1 trillion market cap and is bullish on the companies services division.

Cramer said Apple is valued at much less than Colgate-Palmolive (CL - Get Report) , Procter & Gamble (PG - Get Report) and Clorox (CLX - Get Report) .

Watch more of Jim Cramer's latest videos: