"This changed the world," he said, holding up the device. mps._log('**** LOADED: cnbc-cms-header-insert'); })(); ", "The Mad Money" host said that such lofty levels might not be so unbelievable.
Apple beat Cramer's "wild high" estimate of $6 by as much as 43 cents, yet the stock is now trading higher than where it was before Jobs announced his leave of absence. “With Apple currently only representing 3% of cell phones and 4% of computers worldwide, Cramer said this is only the beginning of a huge move for the company.
Without the $55 of cash per share on the balance sheet, Apple at $400 would sell for 15 times 2011 earnings. On Friday, he said that Apple would disappoint on earnings and that everyone should plan to get in on the downturn on Tuesday morning.
CEO Steve Jobs is taking another medical leave. I would like over the last 10 years to invest in Apple. If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com.
Jim Cramer says sellers of Marvell Thursday are mistaken. Cook would be wise to temper things by not providing guidance, the CNBC host said. 'cag[type_source]' : 'CNBC US Source' , var postLoadFunctions = {}; Here's how to watch. By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. So I guess Jim bought on Friday and sold to all those same suckers/listeners on Tuesday! (function() {
Apple shares fell 23 points in European markets overnight on news CEO Steve Jobs is taking another medical leave, but the stock rallied throughout the day and reached new highs thanks to positive earnings results reported after Tuesday's closing bell. Jim Cramer’s full of partially digested coprolites.
Apple’s Mac ascendent as stock hits new all-time record high – October 19, 2009 mps._queue.mpsloaded.push(function(){ Sure there may be bigger players but as with computers (and cell phones today for that matter), Apple will be soaking up the profits at the high end. Never seen anything like it.". mps._queue.gptloaded.push(function() { if (!mps._ext || !mps._ext.loaded) {
"Tim Cook made us look like we're nuts, and we pay for it," he said.
If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. 'is_sponsored' : '0' , We want to hear from you. 'content_id' : '41135891' , mps._urlContainsEmail = function() { Jim Cramer breaks down the fundamental problem he sees with IBM earnings.
"The guy changed our lives," he said of Cook, who has been widely praised as being a great operator but not as innovative as his predecessor, the late Apple co-founder Steve Jobs.
d.setTime(d.getTime() + 60 * 60 * 24 * 30 * 1000); Apple also got a downgrade from Bank of America analyst Wamsi Mohan downgraded the stock from buy to neutral based largely on his concern about valuation.
var mpscall = {
for (var i in mps.response.dart.adunits) { 'type' : 'blogpost' , First of all, chief operating officer Tim Cook is fully capable of leading the company in Jobs' absence. Apple is like a rain forest, Cramer said, because everything grows there.
'stitle' : 'Cramer Names New Price Target for Apple' ,
You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. © 2020 Benzinga.com. On the plus side, Apple’s product cycle is now less important, it has a loyal user base, its installed base is still growing, the penetration of its services remains low and it has strong free cash flow, Mohan wrote. head = document.head || document.getElementsByTagName("head")[0], mpsload = document.createElement("script"); What kind of analyst bases his forecast on what people will think of it?? Get this delivered to your inbox, and more info about our products and services. }, mpsopts = { Jim Cramer ups Apple price target to $300. Jim Cramer weighs in on Apple and his approach following a Bank of America downgrade.
} All rights reserved. "Let's take a 10-year view — because I was 55, 10 years ago — Apple stock was at $27.87.
} Jim Cramer breaks down his thoughts on AMD's acquisition of Xilinx. In a market with 1 billion sales a year, they could do that comfortably with 6-10% of the global market, which is the most they could ask for, IMO.
}
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