Cramer has been mostly positive in his recommendations of Apple (AAPL) on Mad Money since the show began. After a rocky start to 2006, the stock has been one of the hottest in the technology space. On November 1, 2006, Jim declared AAPL his favorite tech stock over the next two months. Its performance from November 2006 to January 2007 yielded a gain of 5.86%, beating the S&P 500 gain of 3.3%. He also hailed it as his number two growth stock of the year for 2007. Apple (AAPL) is now included in Cramer's new "Four Horsemen of Tech" along with Amazon.com, Inc (AMZN), Google Inc (GOOG), and Research in Motion Limited (RIMM). Holders of Apple stock who held on through the early 2006 decline from 85 to 51, have been rewarded with a 139% gain since then as the stock has been a straight shot from 80 to 120 in anticipation of the much heralded iPhone.
Friday, June 29, 2007
Jim Cramer Keeps Riding Apple (AAPL) on Mad Money
posted by stockTagger on 6/29/2007
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