Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
When Apple broke out to new yearly highs and hit its first 10 percent weekly gain in three years, Cramer knew it was time to share with investors the logic behind his investment method for the stock.
"We have to analyze my Apple call because in all the years I have been in the business, I have rarely ever gotten so much criticism than I did for the decision to stay the course when Apple's shares got hammered after its latest quarter," the "Mad Money" host said.
Some investors told Cramer he was sentimental or even downright stupid and ignorant for that call.
As the stock traded to $93 from $112, Cramer refused to participate in the widespread market hate for Apple. He understood that the fundamentals of the company had not changed, aside from the stock becoming cheaper. Cramer quickly learned that focus needed to shift toward Apple's growing service revenue stream that could eventually change the game.
"I didn't think anyone other than the most nimble traders would be able to get out of Apple and then get back in again," Cramer said.
Trading Apple did not seem worth the risk, even if Carl Icahn bailed from his position and respectable analysts on Wall Street said the company's best days had passed.
On Thursday, it was confirmed that the new iPhone 7 — which many called a flop — is actually sold out worldwide. To say that sales are better than expected is a dramatic understatement, Cramer said, especially considering the bullish language from Sprint, T-Mobile and AT&T.
When CEO Tim Cook came on "Mad Money" in May with the stock at $93, Cramer asked him all the burning questions that Wall Street wanted to know. The interview only strengthened Cramer's resolve to own Apple, not trade it.
To clarify, Cramer did not say that Apple will roar to $140. In fact, he blessed investors who want to sell Apple on Friday and take a 22-point gain from when he spoke to Cook.
Meanwhile, Apple's main competitor Samsung has some phones that catch on fire while they charge.
"Apple makes the best products in the world, although admittedly when your competition is an incidental arsonist, you have some easy compares," Cramer said, "As long as the financials are as strong as they are, as long as the stock remains much cheaper than the average name in the , my philosophy remains the same: don't trade it, own it."