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Did Jim Cramer Get It Right About Apple (AAPL)? – Yahoo Finance

Recently, I put out a list highlighting Jim Cramer’s stock predictions, particularly looking at where Apple Inc. (NASDAQ: AAPL) sits compared to other stocks he mentioned during the May 1 episode of MAD Money in 2024.

In the episode, Cramer shed light on the common perceptions around stock ownership in the U.S., expressing his frustration:

“These days, it seems we can’t go a moment without confronting misconceptions about stock ownership. I must say, I’m getting a bit frustrated. We’re celebrating the 20th anniversary of the idea that selecting individual stocks can yield better returns, but it feels like a lot of Americans are out of the loop with the stock market.”

Cramer provided a counterargument to the notion that the stock market only benefits the wealthy. He emphasized that millions of everyday Americans are engaged with the market:

“People are tuned into financial matters, and this is not just an interest for the affluent, but for the tens of millions of regular folks as well. Over 60% of Americans are somehow involved with the market, whether directly or indirectly. About 70 million have active 401(k) plans, and millions have retired with them.”

He argued that shareholders form a significant part of the population that shouldn’t be dismissed. Cramer remarked that it’s not just the rich who own stocks and criticized those in wealth who discourage stock investments while still enjoying the associated tax benefits:

“Stocks are quite friendly from a tax standpoint, which is why the wealthy are so interested. For many, stocks serve as a form of social security, especially considering how few can retire solely on savings.”

In the article, we’ve compiled a list of 13 stocks that Cramer highlighted during that May 1 episode. Their performance has been analyzed based on data from April 30, 2024. We’ve included insights from hedge fund sentiment regarding these stocks from a database covering over 900 hedge funds from the fourth quarter of 2024. The stocks are presented in the order Cramer mentioned them.

Interestingly, Cramer brought up Apple Inc. (NASDAQ: AAPL) towards the end of the discussion, stating:

“If you want to avoid this quarter, that’s fine. I’m hesitant because I don’t know when the right time is to jump back in.”

Despite facing challenges, Apple has shown resilience over the last year, experiencing a 25.39% increase in its stock price.

Cramer also highlighted Apple’s long-term success:

“Apple has surged over 14,500% since we first aired. The growth in profits from Apple has been extraordinary and is arguably one of the best success stories in America.”

Overall, AAPL was ranked 7th among the stocks that Cramer discussed during the May 1 episode of MAD Money. While we see potential in AAPL, we believe certain AI stocks might offer higher returns in a shorter timeframe. Some AI stocks have actually increased in value in 2025, despite popular AI stocks seeing about a 25% decline. If you’re curious about promising AI stocks trading under five times their revenue, check out our report on this Cheapest AI stocks.

Read next: Best AI stocks to buy now and According to billionaires, the 30 best stocks to buy now.

Disclosure: None.

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