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Jim Cramer's Take on Apple Stock: Own It, Don't Trade It!

Jim Cramer says Apple is receiving an impressive response from a broad spectrum of retailers for its new Apple Pay mobile payments system.
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Jim Cramer shares his thoughts on Apple's upbeat earnings. He says the company received an impressive response from a broad spectrum of retailers for its new Apple Pay mobile payments system. Cramer notes the significance of the tech giant receiving an average of $700 per iPhone, especially when other consumer companies, like The Coca-Cola Company say the consumer is weakening. While critics note the iPad is softening in popularity, Cramer says there is plenty of positive news out of Apple. He says to own the stock and not trade it, in his latest commentary for TheStreet from the floor of the New York Stock Exchange.

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