Cramer's Stop Trading! 2 Neglected Plays on Apple (6/14/10)

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 |  Includes: AAPL, ARMH, BP, CRUS, FRO, NAT, SNDK
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Monday June 14.

Apple (NASDAQ:AAPL), SanDisk (NASDAQ:SNDK), ARM Holdings (NASDAQ:ARMH), Cirrus Logic (NASDAQ:CRUS), BP (NYSE:BP), Nordic American Tanker (NYSE:NAT), Frontline (NYSE:FRO)

Everyone is talking about how SanDisk (SNDK) is a great play on Apple (AAPL) and flash memory, but Cramer brought up two neglected ways to get exposure to the creator of the iPhone; ARM Holdings (ARMH) and Cirrus Logic (CRUS). Cramer thinks the latter two stocks are "much more leveraged to Apple" than SanDisk.

“I happen to like SanDisk very much,” Cramer said, “but I also think that it’s gotten carried away versus these other two plays.”

Thanks to the BP (BP) spill, tanker rates are going to "skyrocket." Cramer would play this trend with Frontline (FRO) and Nordic American Tanker (NAT). Of the two, Cramer prefers NAT with an 8% dividend yield, which may be raised again. He thinks the stock has the ability to "regain its former luster."

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