Stock Market Today With Jim Cramer: Don’t Buy Apple Now

The shares traded on Monday amid uncertainty over the Biden administration’s stimulus plans and as investors braced for a heavy week with tech gains including Apple and T.

TheStreet’s Katherine Ross and Jim Cramer discussed the latest news on the stock exchange. Cramer talked on Monday about how to trade on Apple and GameStop and the markets.

Apple: buy or sell?

The Apple Tech Giant (AAPL) – Get report On Monday it received a price update from Wedbush analyst Dan Ives as the iPhone maker expects to post robust results this week.

Ives said Apple’s “iPhone 12 supercycle hype has become a reality” led by Asia. Ives has increased its iPhone 12 sales forecast by 35% to over 90 million.

Cramer said analysts raise expectations for Apple to the extent that Apple CEO Tim Cook sometimes fails to meet them. “It helps that there is a president who hasn’t directly challenged President Xi. It is entirely possible that you will see people owning Apple phones in China and that there is also a shortage of Huawei. “

GameStop: buy or sell?

GameStop Actions (GME) – Get report grew as the conflict between retail investors and short sellers continued over the loss-making video game retailer.

Last week, Andrew Left, managing partner of short-seller Citron, said he was abandoning the stock due to harassment by the bulls.

Cramer said there are people on WallStreetBets who understand short positions [on stocks] I’m not in line with what might happen. “After Ryan Cohen of RC Ventures [and the founder of Chewy] joined GameStop’s board last week, made people feel that maybe GameStop will come back. It closed at a record high last week entirely in an attempt to “squeeze” Citron Research, which bet against GameStop shares on January 19. People have bought the shares at levels that no one would have thought of. “

Markets on Mondays

Cramer said investors could trade on growth and value. “I didn’t like this rotation because I always fear, at the beginning of the year, that animal spirits will increase the numbers in value, which are therefore too high. It could happen. Meanwhile, the growth titles have returned, which are more or less technological and healthcare. I’m seeing an incredible transition on the fly from value to tech and healthcare stocks, not much further. “

Apple is one of Jim Cramer’s keys Action Alerts PLUS member club. Want to be notified before Jim Cramer buys or sells stock? Find out more now.


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