Squawk on the Street

Cramer's Morning Take: Apple 9/16/24

Cramer says selling this mega-cap tech stock has proven to be a fool’s game. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Broadcast on:: 16 Sep 2024
Audio Format:: other

CNBC Investing Club Disclaimer

What's on the horizon for financial markets? At PJIM, it's a question that over 1,400 investment professionals relentlessly research in pursuit of your long-term goals. Specialised across asset classes, but united in collaboration, our teams provide global and local expertise. Our investments shape tomorrow, today. Pursue your tomorrow with PJIM, a leading global asset manager. Ryan Reynolds here for, I guess, my 100th mint commercial. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no. Honestly, when I started this, I thought I'd only have to do like 4 of these. I mean, it's unlimited to premium wireless for $15 a month. How are there still people paying 2 or 3 times that much? I'm sorry, I shouldn't be victim blaming here. Give it a try at midmobile.com/switch, whatever you're ready. $45 up from payment equivalent to $15 per month, new customers on first three month plan only, taxes and fees extra, speed slower above 40 gigabytes of seat details. I'm Jim Kramer, and you're about to hear a sample taken directly from today's CMC Investing Club morning meeting. So let's turn to Apple now. It's a big story of the day. You have an influential analyst, Munchi Kuo, saying demand for the 16 Pro Pro Max weaker than expected. I have to say, you know, I don't think it should be a big surprise. Because the thesis of the upgrade centers around Apple intelligence. And Apple intelligence isn't out yet. It's not available. So of course, I think the real barometer of this cycle is going to be what happens after Apple intelligence launches. Oh, you're so right. Look, I mean, I think right now, if you went into an Apple store, they would say, you know what? You can get this phone. There's going to be a lot of stuff coming. For instance, they've got this hearing aid business, which is going to be hearing aids cost the fortune. And they're going to be able to make it so that your, you know, your air parts are going to have a hearing aid function. And this is 20 million Americans. And it's not the actual price of a Siemens is $7,000. And a lot of times it's absolutely not covered by insurance. But that seems not going to be ready for maybe a month, maybe a month and a half. So if you go to the store, they're not going to guarantee anything to you. So in some ways, you ought to wait. But to make a judgment, Jeff, over and over again that you should sell Apple, has proven to be, especially on a watch, has proven to be a fool's game. But the fool's game keeps playing. And that's because outfits like this have something to say. They're just making a splash. I'm not interested in making a splash. I'm interested in making money for readers and viewers. So I'm not buying in the negativity Apple way too early. It doesn't make any sense to go there. Start your day with my outlook on the daily market every morning at 10, 20 a.m. Visit cmbc.com/warningtake to access all the benefits of being a CMBC Investing Club member. All opinions expressed by Jim Kramer on this podcast and in connection with the CNBC Investing Club are solely Kramer's opinions and do not reflect the opinions of CNBC, NBC, Universal, or their parent company or affiliates. And may have been previously disseminated by Kramer on television, radio, internet, or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment, or strategy. You should be aware of the risk of loss in following any strategy or investment discussed in the content from Kramer. To view the full CNBC Investing Club disclaimer, please visit cmbc.com/investingclubdisclaimer. Earning your degree online doesn't mean you have to go about it alone. At Capella University, we're here to support you when you're ready. From enrollment counselors who get to know you and your goals, to academic coaches who can help you form a plan to stay on track, we care about your success and are dedicated to helping you pursue your goals. Going back to school is a big step, but having support at every step of your academic journey can make a big difference. Imagine your future differently at cappella.edu. [BLANK_AUDIO]