Jim Cramer's Wall Street Confidential June 11th
Apple (NasdaqGS: AAPL), AT & T (NYSE: T)
Cramer would play the iPhone by selling Apple on the way up and buying it on the way down, but however one buys, "it's all a big blip and you should just own it," he said. Apple's story its product pipeline; "When they bring out new products, there's a big run-up, and when the actual product comes out, there's a selloff." Since AT &T expects an iPhone scarcity, Cramer expects a significant upside, and he doesn't see a top coming until supply surpasses demand. Rumors Apple will make new films for iTunes at a mere $2.99 per clip is "worthless" news, said Cramer. "These kinds of things don't matter," he said. "It has no earnings per share impact, so forget about it. It's noise."
Cramer would play the iPhone by selling Apple on the way up and buying it on the way down, but however one buys, "it's all a big blip and you should just own it," he said. Apple's story its product pipeline; "When they bring out new products, there's a big run-up, and when the actual product comes out, there's a selloff." Since AT &T expects an iPhone scarcity, Cramer expects a significant upside, and he doesn't see a top coming until supply surpasses demand. Rumors Apple will make new films for iTunes at a mere $2.99 per clip is "worthless" news, said Cramer. "These kinds of things don't matter," he said. "It has no earnings per share impact, so forget about it. It's noise."
Labels: AAPL, Jim Cramer, T, Wall Street Confidential
posted by Stock Administrator @ 11:57 AM
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