Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
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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
"The issue for those who hate Apple? Sorry, guys. No more new ammunition," Cramer, host of "Mad Money," said after the iPhone maker's report.
Apple's first-quarter results were slightly above Wall Street expectations, with earnings beating analyst estimates by 1 cent and the top-line revenue of $84.3 billion beating consensus estimates of $83.97 billion. Revenue for the iPhone came in slightly below projections, in line with Apple's early January warning about its first-quarter results.
Yet before the report, the negativity was near-deafening, said Cramer, whose charitable trust owns shares of Apple. People were worried about Apple's service revenue weakening, which didn't happen, or a slowdown in Apple Watch sales, which also didn't seem to pan out.
"The news simply wasn't horrible enough to sate the bears. In fact, the stock is trading in after-hours above the pre-announcement price," Cramer said.
Does the longtime Apple bull think the stock is back? Perhaps, if the United States and China are able to make a trade deal. Greater China is Apple's third-largest market by revenue.
"We get a trade deal? I think you've got a $180 stock, up $20 from here," he said. "There just isn't that much risk now after we got the high sign on the January numbers."
Apple's stock ended Tuesday down 1 percent ahead of its earnings report. The stock popped about 5.5 percent in after-hours trading following the release.
Disclosure: Cramer's charitable trust owns shares of Apple.