Cramer's Stop Trading! How Apple Can Get Past $200 (10/27/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Tuesday October 27.

Apple (AAPL), Google (GOOG), Kellogg (K), PNC Financial (PNC)

Cramer concluded that Apple (AAPL) is an "event-driven" stock; if nothing is going on, it tends to decline, as it has recently dropped $5 to $197. The stock "just seems dead" and "needs a boost over that $200 level." Along with the decline in Google (GOOG) and Apple, the entire Nasdaq is dropping, and investors are moving into recession stocks like Kellogg (K), especially given the lackluster consumer confidence report.

To move Apple over $200, an analyst would have to raise earnings estimates, but since all of the analysts have already done so, Apple seems stuck for the time being.

Cramer declared PNC Financial (PNC) "The New Bank King."

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Comments

[Timeline St...:]

Solid advice Cramer. I'll just sell my AAPL shares and buy shares of corn flake manufacturers.

We'll just wait for Kelloggs to make the future for us. They have a strong history of innovating all manner of sugar spraying and Froot Looping technology to see us through this recession.

Oct 28 08:31 AM

[User 503850:]

A week ago, Cramer said NOTHING CAN STOP APPLE -- ON ITS WAY TO 300 BUCKS. Maybe even 390 but he wanted to be more conservative so he stopped at 300 otherwise people would think he was NUTS. These are his words of just one week ago.

Now he says around 200 APPLE needs to rest and may even be DEAD.

How can you believe a guy like this?? Such a quick turnaround in the space of a week when there has been NO NEGATIVE NEWS on the stock.

Fellow investors, just follow your own instincts. Listen, read, discuss everything, but make your own decision. These analysts are just another word for PUNDITS. Don't believe them or you could be in for a lot of unnecessary heartache.

Saif

Oct 28 09:20 AM

[brewer:]

Yeah, because everyone knew AAPL would do horribly in the recession, right? People 'can't afford' to buy a quality computer, they would rather save $50 today and spend the rest of their lives cleaning up malware.

That was very funny, Timeline.

Oct 28 09:22 AM

[Erwin:]

Nothing new for this egomaniac. Remember Sears to soon
hit $1,000.00 and up from there.
Erwin.

Oct 28 10:23 AM