We recently published a list of 10 Jim Cramer Stocks to Watch as US-China Prepare to Begin Talks. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other stocks that Jim Cramer discussed.
The optimism over US-China trade talks is increasing as the US Treasury Secretary is set to meet China’s trade negotiator in Switzerland later this week.
In a latest program on CNBC, Jim Cramer expressed his renewed optimism for major tech stocks and said the negative market sentiment about these companies was weakened after the latest quarterly reports.
“Sometimes you forget why you ever liked something in the first place. Take the super stocks, the hyperscalers, the tech titans—I don’t care whatever you want to call them. These stocks all got lumped together because of their size, their gigantic market caps that dwarf the rest of the market, and then they lost their juice,” Cramer said. “It’s their scale, their smarts, their moats, their balance sheets, and their sensational products.”
Jim Cramer also talked about the latest data in company reports that shows the demand for data centers remains strong.
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.
For this article, we picked 10 stocks Jim Cramer recently talked about during his programs on CNBC. With each stock, we mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Number of Hedge Fund Investors: 158
Investopedia’s Caleb Silver said in a latest program on Schwab Network that Apple Inc. (NASDAQ:AAPL) results were better than Wall Street’s estimates by a “long shot” and praised the company’s iPhone revenue.
“Better than expected by a long shot, especially when you listen to at least some of the early reports out of Apple, with Tim Cook saying he didn’t see any evidence of a lot of people bringing sales forward by panic buying ahead of potential tariffs. He’s also saying they moved half their production of iPhones over to India. We know by the end of next year all iPhones will be made in India. So, better than expected results. The wearables was a little bit of a miss there, but that is a super discretionary item. People will not go without an iPhone, but they’ll go without an update to their watch before they do that. A little soft in services as well, but when you look at where they make their money, they’re still making money where they make their money. They did some $95 billion in sales for the quarter. That’s pretty impressive.”
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