Cramer's Stop Trading! Nothing Is Wrong With Apple (4/29/11)

by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV Segment, Friday April 29.

Apple (NASDAQ:AAPL), Cerner Corporation (NASDAQ:CERN), Allscripts-Misys Healthcare Solutions (NASDAQ:MDRX), Kinder Morgan Partners (NYSE:KMP), Caterpillar (NYSE:CAT), Goodyear Tire&Rubber (NYSE:GT), Wabco Holdings (NYSE:WBC)

People are getting "jumpy" about Apple (AAPL) with the perception that the stock is "doing nothing." However, Cramer is not worried; "I want to emphasize that nothing is wrong with Apple." Its cash position is one of the largest of any company, and customers do not want to switch away from "the Apple ecosystem." Cramer added; "patience will be rewarded."

Cerner (CERN) is a medical records company that has benefited from Obamacare, and its results should bode well for Allscripts' (MDRX) report next week; "How Cerner goes, Allscripts goes."

The price differential between WTI at $110 and Brent crude at $120 is purely a transportation problem. Kinder Morgan (KMP) is laying more pipeline to take care of the transportation bottleneck issue for domestic oil, but since there have been some spills, caution is necessary when laying down more pipelines; "If it is rushed, people's heads are going to roll," said Cramer.

Companies that should profit from the truck bull market include Goodyear (GT), Caterpillar (CAT) and Wabco (WBC), but the latter's preannouncements have been so positive that the stock barely goes up on bullish earnings results. The growth in trucks is happening more radically abroad than in the U.S., which has only moved back halfway to 2006 levels.


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