Jim Cramer Remains An Apple Bull Despite DOJ's Antitrust Case: 'Brand Spanking New Reason To Buy'
Portfolio Pulse from Benzinga Neuro
Jim Cramer, in response to the DOJ's antitrust lawsuit against Apple Inc. (NASDAQ:AAPL), advises investors not to sell Apple's stock, predicting the tech giant will prevail. Despite the lawsuit alleging Apple maintains a 'smartphone monopoly', Cramer sees this as a buying opportunity, citing lack of substantial proof from the DOJ and comparing it to past unsuccessful cases against other tech companies. Apple's shares dipped slightly over 4% following the lawsuit announcement.
March 22, 2024 | 1:32 am
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Jim Cramer advises against selling Apple Inc. stock despite the DOJ's antitrust lawsuit, viewing the case as weak and the stock dip as a buying opportunity.
Cramer's endorsement of Apple stock, despite the DOJ's lawsuit, suggests confidence in Apple's legal position and its market resilience. His comparison to past unsuccessful antitrust cases and the perception of the lawsuit as a buying opportunity indicate a positive short-term impact on AAPL's stock, especially considering his influence among investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100