Cramer Cautious on Apple (AAPL) Amid Recent Concerns... WHAT?!
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...Yes this is the Cramer you're thinking of. Jim Cramer. From TheStreet.com. And CNBC's Mad Money...
With shares of Apple (Nasdaq: AAPL) closing Thursday's session down more than 2 percent (as the broader stock market rose just under 1 percent), stock sage Jim Cramer pounded the table and argued investor concerns are being overblown.
Cramer pointed out Apple has been a historic winner -- a stock investors didn't have to worry about buying on the dip.
But with this latest round of speculation iPhone sales aren't up to par and iPad shipments have been stagnant, Cramer is taking a step back. The pundit considered Apple's last conference call, when an exec hinted at potential saturation of the tablet market. Elsewhere in the Apple pipeline, fears the iPad might actually be eating into other Apple product sales have recently surfaced.
Even with the above concerns brought to his attention, Cramer still believes Apple shares will go higher. His largest fear, then, is the stock may no longer be at the top of the list for "rocket stocks."
In response to this development, Cramer feels investors will need to scrutinize every hiccup in the stock with a fine-tooth comb. Bottomline: it's no longer Jobs' show; that ship is far out of port. Economic concerns and consumer sentiment may once again hit shares, and shouldn't be overlooked.
Be more diligent... it's what Steve would have done.
With shares of Apple (Nasdaq: AAPL) closing Thursday's session down more than 2 percent (as the broader stock market rose just under 1 percent), stock sage Jim Cramer pounded the table and argued investor concerns are being overblown.
Cramer pointed out Apple has been a historic winner -- a stock investors didn't have to worry about buying on the dip.
But with this latest round of speculation iPhone sales aren't up to par and iPad shipments have been stagnant, Cramer is taking a step back. The pundit considered Apple's last conference call, when an exec hinted at potential saturation of the tablet market. Elsewhere in the Apple pipeline, fears the iPad might actually be eating into other Apple product sales have recently surfaced.
Even with the above concerns brought to his attention, Cramer still believes Apple shares will go higher. His largest fear, then, is the stock may no longer be at the top of the list for "rocket stocks."
In response to this development, Cramer feels investors will need to scrutinize every hiccup in the stock with a fine-tooth comb. Bottomline: it's no longer Jobs' show; that ship is far out of port. Economic concerns and consumer sentiment may once again hit shares, and shouldn't be overlooked.
Be more diligent... it's what Steve would have done.
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