Mad Mail: The Top Two U.S. Companies?

Booyah Jim:Apple just reported $2.44 billion in earnings, when you account for the weird iPhone accounting, in what is historically their weakest quarter. That projects to over $10 billion in income per year. Their market cap is $85 billion with $25 billion [Cramer said it's closer to $23 billion] in cash. AAPL's forward earnings are only worth $60 billion? When you take away the weird subscription accounting of iPhone and account for the huge stockpile of cash, AAPL is only trading at six times earnings. That is MADness. --Mike

Cramer says: "I totally agree. That's why…Apple and Google are the two companies that are doing the best right now of any two companies in America. If they can't go up, nothing can."

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