Cramer's 'Mad Money' Recap: A Moment in the Sun
In his "No Huddle Offense" segment, Cramer gave his take on Apple following the stock's $25 haircut and seemingly cloudy future.
Cramer reminded viewers that whenever they have a high-dollar stock, put things into perspective by dividing by 10. So instead of a $600 stock falling $25, you have a $60 stock that's fallen just $2.50.
Are there concerns about weakness in Europe, increased competition and declining carrier subsidies for the iPhone? Sure, said Cramer, but the new estimates now reflect those concerns.What's not included in the estimates, however, is an all-new iPhone slated for later this year, continuing strong iPad sales and the possibility of an all-new AppleTV.
That's why Cramer reiterated that investors must own -- not rent or trade -- Apple and be buyers on this rare dip in the company's stock price.
--Written by Scott Rutt in Washington, D.C.
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