Jim Cramer Advocates for Long-Term Ownership of Apple Stock Despite Recent Decline.

Jim Cramer reiterates his bullish stance on Apple Inc. (NASDAQ:AAPL), citing the company's "staggering" online sales growth and strong long-term track record. Cramer believes AAPL has broken out of its recent price range and is now in a bullish position, recommending investors to "own it, don't trade it."

Jim Cramer, a prominent financial commentator, has reiterated his bullish stance on Apple Inc. (NASDAQ:AAPL), citing the company's "staggering" online sales growth and strong long-term track record. According to Cramer, AAPL has broken out of its recent price range and is now in a bullish position. He recommends investors to "own it, don't trade it."

In the latest trading session, Apple's stock slid by 1.2% to close at $208.62, despite the broader market's gains. The S&P 500 and the Dow both registered gains of 0.14% and 0.2%, respectively, while the Nasdaq, a tech-heavy index, added 0.27% [1].

Over the past month, Apple's shares have appreciated by 7.49%, outperforming the Computer and Technology sector's gain of 5.36% and the S&P 500's gain of 3.97%. The upcoming earnings release on July 31, 2025, is expected to report earnings of $1.42 per share, indicating year-over-year growth of 1.43% [1].

Cramer's optimism is backed by Apple's strong financial performance. The company is projected to report earnings of $7.1 per share and revenue of $404.05 billion for the full year, representing changes of +5.19% and +3.33%, respectively, from the prior year [1].

Apple's valuation metrics also support Cramer's bullish stance. The company's Forward P/E ratio of 29.74 is a premium compared to its industry average Forward P/E of 11.92. Additionally, Apple's PEG ratio of 2.36 is higher than the industry average of 1.56 [1].

Cramer's recommendation aligns with the Zacks Rank system, which takes into account estimate changes and provides an actionable rating system. Apple currently sports a Zacks Rank of #3 (Hold), indicating a moderate level of investment potential [1].

References:

[1] https://www.nasdaq.com/articles/apple-aapl-stock-slides-market-rises-facts-know-you-trade