Jim Cramer's Take on Apple, Facebook and Alphabet

AAPL is too pricey here, while FB and GOOGL would look better on a dip.
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Jim Cramer gave his latest take on Apple (AAPL) - Get Report , Facebook (FB) - Get Report and Alphabet (GOOG) - Get Report , (GOOGL) - Get Report this week in an exclusive conference call with members of his Action Alerts PLUS charitable trust.

He said it's OK to buy Facebook and Alphabet at current prices, although both stocks would look better on a dip.

As for Apple, Cramer said that "I think we're headed into an Apple phone cycle, where there will be many downgrades. ... So, I'm not as anxious to scoop some up at these levels."

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, which Cramer co-manages as a charitable trust, is long AAPL, FB and GOOGL.