TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer said investors view Apple as a value stock. ‘What’s really ailing Apple is that people feel it has become a value trap – it is very inexpensive,’ Cramer said. ‘I say to own Apple.’ Cramer said Apple shares won’t bottom unless analysts start to downgrade the stock. ‘The analysts’ numbers are too high – this quarter will not be a good quarter – we know that from Jabil Circuit , which makes their phones.’
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
