Jim Cramer says some analysts don't seem to believe in the Trump rally, and are fighting it tooth and nail — especially when it comes to Apple.
"At the end of the day, there is a big difference between expensive stocks, and stocks that have run. These analysts don't seem to understand that distinction, but I think they are making a big mistake," the "Mad Money" host said.
Oppenheimer reiterated a buy rating on Apple on Monday, but said it expects iPhone sales to peak in fiscal year 2018, writing that "we believe Apple lacks the courage to lead the next generation of innovation; instead it will become more reliant than ever on the iPhone."
Ultimately, Opco said it expects Apple to "embark on a decade long malaise. The risks to the company have never been greater."
Cramer was flabbergasted.