The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
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Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
"My position has not changed: you should sit tight and own this stock, not try and trade it," the "Mad Money " host said.
Apple CEO Tim Cook made headlines recently when he estimated that Apple's service stream revenue could become as big as a Fortune 100 company next year. Apple clearly does not get enough attention for its powerful service revenue. But its cash hoard impressed Cramer more.
Even a $580 billion company has many channels to use that money. Cramer has said for years that Apple should make a big acquisition, or multiple big acquisitions, to reignite its growth rate and make investors fall in love with its stock all over again.
"I've got a terrific new merger idea that would seriously benefit both Apple and the takeover target in question. Not that either company has to do it, but it sure would make a lot of sense," Cramer said.
Apple needs to merge Siri with Sirius XM, Cramer said. Acquiring the under-appreciated Sirius XM could kill two birds with one stone.
The subscription satellite radio business could dramatically boost Apple's service revenue stream. Sirius could also give Apple a serious presence in the automobile infotainment space, which Cramer thinks is the next frontier for technology.
"Anything that puts Apple on the path toward owning the automobile would really brighten the company's long-term outlook," Cramer said.
Sirius XM's revenue has steadily grown, up 10 percent for the last four years. Sirius had more than $1.2 billion in sales ub its most recent quarter. That could immediately boost Apple's overall service revenue by 20 percent, Cramer said.
Sirius XM's stock is not cheap compared to the average stock. Cramer thinks that is simply because investors recognize the positive aspects of its subscription-based model.
Cramer also noted that once a customer signs up for Sirius, they tend to keep it. Its low churn rate has stayed at 1.9 percent for years.
But Sirius XM does not control its own destiny, which could make the deal difficult. Liberty Media owns 65 percent of the business, so any decision to sell would need to come from Liberty's management.
"Every six months, Apple spends the equivalent of Sirius XM's entire market cap on buying back its own stock, and they have got more than $230 billion just lying around," Cramer said. "Apple should use some of that cash to take over Sirius XM in order to bolster its service revenue stream and give itself a foothold in the connected car."