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Apple Is an Inexpensive Stock, Jim Cramer Says

Apple shares are up 37% since the start of the year. TheStreet's Jim Cramer is bullish on the iPhone maker.
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TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer didn't find much meat in the KeyBanc upgrade of Apple's (AAPL) - Get Apple Inc. Report stock.

The analysts were bullish on the company's subscription business.

Cramer reiterates that Apple, which is a holding of Action Alerts PLUS, is an inexpensive stock.

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