Apple Inc (NASDAQ:AAPL) is one of them Jim Cramer takes a closer look at stocks. Cramer mentioned the stock on the show and said:
“Listen to TSMC, one look at the transcript and you’ll know it’s worth buying Meta…and Apple, Apple shares are down today because expensive phones are also seen as having great strength. Apple stock isn’t doing anything. That worries me. What worries me is that buyers haven’t figured out how to buy it yet. Those stocks haven’t done anything lately. The same goes for Broadcom, which is also tied to TSMC. That stock is up three bucks. Maybe today is the day it starts.”
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Apple Inc. (NASDAQ: AAPL ) manufactures and sells devices such as the iPhone, Mac, and iPad, as well as a line of wearables and accessories. The devices are powered by the company’s app ecosystem, AppleCare and cloud tools. On the Jan. 9 show, Cramer noted that the company was making a lot of money, commenting:
“We’ve seen an amazing rally in data storage stocks. We’ve also had some stocks that haven’t moved up at all, and I have to mention them, Apple and Nvidia. I know you’re wondering if the days of these two members of the Big Seven are over. I see it completely differently. I think both companies, Apple and Nvidia, are thriving and making a lot of money. Simply put, if fund managers want to buy new stuff, they need to sell old stuff, so their stocks become You know what’s a time-honored tradition? I’ve been at 1 I’ve seen this happen in the past month. You just have to wait for those two trades to actually close or the stock won’t start rolling from the get-go and like I said, don’t trade them. I…do they. [the house of pain]? Uh, wrong address. “
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Read next: 30 stocks that will double in 3 years and 11 Hidden Artificial Intelligence Stocks to Buy Right Now.
Disclosure: None. This article was originally published on Insider Monkey.
