Jim Cramer: Best Buy Has an 'Apple Problem'
Jim Cramer says investors may want to buy Best Buy towards the end of the year when Apple's iPhone 7 is released.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said investors may want to buy Best Buy (BBY) - Get Report towards the end of the year when Apple's (AAPL) - Get Report iPhone 7 is due to go on sale. 'I think Best Buy will do very well,' Cramer said, once the iPhone 7 is out. Best Buy shares sunk after reporting lackluster first quarter earnings and issuing a weak outlook for the remainder of the year on Tuesday.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
