Jim Cramer Tells Investors What to Do With Apple's 'Weak' Stock
Jim Cramer weighed in on what's going on with Apple lately.
To sum it up? China.
Cramer breaks down his investing advice for investors watching Apple closely:
"Something happened in the beginning of May that Manny Chirico, the CEO of PVH (PVH) - Get Report , talked about, but a lot of us do with the zeitgeist of China. But then I drilled down and something [Morgan Stanley analyst] Katie Huberty drills down too and I'll maybe talk about this [later], is that some companies really suffered from both potential tariffs on China and potential tariffs on the United States," said Cramer.
"And that's why Apple's (AAPL) - Get Report been so weak. I still stand by my own Apple, don't trade it, but I know on the stops going lower and Katie Huberty is a very good lesson about how it goes lower," he continued. "Well, why do you own something that could go lower? And the answer is you don't know when a break in trade could occur...The president's not tone deaf. If the president really drills down on an Apple exemption, that would be terrific."
Related. Jim Cramer: A Checklist for Investors in This Downer of a Market
More From Cramer Today
What Jim Cramer Is Watching When Uber Reports Earnings After the Bell
Jim Cramer: What PVH's Earnings Tell Investors About the Retail Sector
Jim Cramer Explains What Kraft Heinz Got Wrong About Millennials
Watch Jim Cramer's Daily NYSE Show and Replays Below
