Cramer on Apple: ‘Greatest Growth Stock of Our Lives’

Throughout much of the 1980s and 1990s, there was much appreciation for the stocks of companies that delivered consistent growth, “Mad Money” host Jim Cramer noted Monday. Since the dot-com bust began in 2000, though, the market preferred trades over investments. But Cramer said the “era of anti-investing” is now over and the market has reverted to classic investing once again.

All this week, Cramer plans to highlight great growth stocks. He began by featuring technology titan Apple , which he called the “greatest growth stock of our lives.”

Cramer said Apple has potential for multi-year growth that can easily be valued, such as its popular iMac, iPod, iPhone and iTV products. The market wants to see multiple revenue streams, he said.

Apple has a lot of upside, too, because many of its products aren’t yet dominant in their respective markets. Each of its products continues to take market share.

Going forward, Cramer thinks Apple can continue to be competitive because the company is so innovative.

Cramer said Apple is also returning capital to shareholders. The tech company simply has too much cash, so it has decided to return a big chunk of it to shareholders.

Bottom line: Cramer thinks Apple has many important qualities of a growth stock and continues to recommend investors buy shares.

When this story was published, Cramer’s charitable trust owned Apple.

Call Cramer: 1-800-743-CNBC

Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?