TheStreet’s Action Alerts PLUS Co-Portfolio Manager Jim Cramer says the latest news that activist investor Carl Icahn is backing down from his push to force change at Apple is a sign that Icahn is already getting what he wanted. Cramer says Apple CEO Tim Cook’s decision to buy back $14 billion in shares in early February goes a long way toward what Icahn was seeking. Cramer expects that as Apple buys back shares, the stock will continue to move higher.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
