Cramer: Why there's something bigger happening with Apple



Yes, it is true, Jim Cramer loves Apple so much that he now uses his mantra of "own Apple, don't trade it" as an ice breaker in conversation. Not because he is socially inept, but because it is just that important.
He told the winning jockey Victor Espinoza on the Triple Crown winner American Pharaoh to own it this weekend. He even passed the love of Apple on to Phillie Phanatic, the costumed mascot of the Phillies, right before he threw the first pitch at Citizens Bank stadium recently.

"I feel a powerful need to get people to stop trading certain stocks and just own them as long as the fundamentals of the underlying company continue to do well," the "Mad Money" host said.
Monday was an important day for Apple, as it brought their Worldwide Developers Conference, where investors learned more about what Apple has up its sleeve. It featured more than 100 technical sessions, at least 1,000 Apple engineers and unveiled plans to launch a music streaming service on June 30.

Cramer considers Apple to be both a vessel and an ecosystem. It's a vessel that draws smart people who want to write programs. It is an ecosystem because Cramer enjoys linking Apple apps with his new phone; he loves that he can respond to inquiries on his watch without looking like a jerk by taking out his phone.
He compared the developer's conference to a flea market where smart people come together and write programs to make Apple's devices even more valuable than they already are. In his perspective, it is the possibilities of the programs that could be written in the future that make it so intriguing.

"I know the focus right now is on Apple and music. I'm not as enthused by that. In fact, I don't care at all," Cramer said.
Mostly, Cramer just wants to see the amazing ideas that people come up with and then ask his kids later on what the apps mean and why he needs them.
And that is precisely why Cramer chooses to break the ice with people by talking about owning Apple's stock. It is a way for him to communicate that he thinks there is something bigger going on here, and as long as it manages to keep the developers excited, then he will continue to get excited about Apple and its devices.
"That means own, don't trade, the biggest company on Earth, something that today's conference verifies in all of its glory," Cramer added.

 Varchev Traders
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy