Cramer's Stop Trading! $300 Is Just One Step for Apple (10/13/10)

by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Wednesday October 13.

Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Intel (NASDAQ:INTC), Johnson Controls (NYSE:JCI), Berkshire Hathaway (NYSE:BRK.B), CSX (NYSE:CSX), Freeport McMoRan (NYSE:FCX)

Cramer thinks Apple's (AAPL) breaking the $300 barrier is just a stopover to $325. With all of its products, the company commands a level of mindshare here that is astronomical. Intel's (INTC) imitation tablet is likely to face the same fate as Microsoft's (MSFT) Zune, since no company seems to be able to keep up with Apple. There is no need to be concerned about Apple's hefty $280 billion market cap; Cramer thinks the company will continue to move higher.

Johnson Controls (JCI) has yet to move, although great things are being said about the stock. Cramer thinks before long the stock price will catch up with all the good news. Cramer sees a similar pattern with Berkshire Hathaway (BRK.B) which is the only stock associated with rail (it owns Burlington Northern) that has not rallied on CSX's (CSX) strong numbers. Cramer thinks Berkshire will move up soon. Finally, Cramer says Freeport McMoRan (FCX) will reach $120.


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