×

Cramer makes the case for why Apple stock should do really well under Trump

Tech giant Apple is poised to benefit under a Donald Trump presidency, especially if the president-elect chooses to move forward with proposed policies such as incentives to companies to repatriate money from overseas, CNBC's Jim Cramer said Wednesday.

"They are the king of repatriation. You can repatriate those assets from overseas [and] that's $40 in cash per share overseas," Cramer said on CNBC's "Worldwide Exchange."

"It's hard to hate that stock given the fact that it is such a huge winner under the Trump regime," Cramer said.

The "Mad Money" host recommended that investors hold Apple's stock, which he said is selling at eight times earnings, and thriving in the wake of setbacks at rival device maker Samsung.

Samsung ended production of its Galaxy Note 7 smartphones in October after reports that some of the phones were catching fire.

Disclosure: Jim Cramer's charitable trust owns shares of Apple.

Morning Squawk: CNBC's before the bell news roundup

Sign up to get Morning Squawk each weekday

Get this delivered to your inbox, and more info about about our products and service. Privacy Policy.
Please enter a valid email address