GO
Loading...

Cramer: Nasdaq Rebalancing Won't Keep Apple Down

With the Nasdaq set to adjust its weighting in the benchmark 100 stocks on May 2, traders have been paying particular attention to Apple, which will be most affected by the move.

Mad Money host Jim Cramer said on Friday's Stop Trading! that he thinks Apple has been “kept down by this rebalancing and that what is happening is the weight is being lifted.” Cramer added, “Apple’s cash position is bigger than almost all the companies in the world,” and said he prefers Apple over Microsoft and Research in Motion .

Cramer also likes Cerner , a medical records company he said has done great things and has taken advantage of Obamacare.

The Mad Money said he was “enthused” at how great Cerner has done, particularly in light of the fact that Allscripts Health Solutions reports next week. “How Cerner goes, often Allscripts has gone,” Cramer said.

Cramer is also bullish on the truck market and Wabco Holdings in particular. Cramer said what we are seeing now with Wabco is “upside fatigue. The company has pre-announced upside so many times that it is barely going up now.” He pointed out that this is a secular trend, just like what we are seeing with Caterpillar .


Cramer talks with Eric Wiseman, Chairman, President and CEO of VF Corporation , Tim Boyle, President and CEO of Columbia Sportswear , and Roy Vallee, Chairman and CEO of Avnet . It all starts at 6 p.m. ET.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Symbol
Price
 
Change
%Change
2357
---
CAT
---
CERN
---
COLM
---
MDRX
---
MSFT
---
BB
---
VFC
---
WBC
---
AAPL
---

Featured

Contact Mad Money

  • Showtimes

    U.S.
    Monday - Friday 6p ET
    Australia
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.