In the backdrop of Friday’s stock market recovery, Jim Cramer claimed on CNBC that he regarded the coming week as extremely crucial for stock market investors as many of them will have earned substantial profits. This opinion of course was also based on the assumption that shareholders of particular companies like Apple Inc (NASDAQ:AAPL) and Chipotle played their cards well.
As per the host of ‘Mad Money’ –
“Given the improving geopolitical backdrop, I think it’s worth investing in the best companies that report next week.”
‘Best companies’ in this statement is a term that is representative of several outfits, noteworthy amongst which is Apple Inc (NASDAQ:AAPL). Cramer opines that while prospective buyers must wait for the bearish trend to set in, those who already own the stock must hold it till next year. True to this prediction, Apple Inc (NASDAQ:AAPL) is looking forward to filling an attractive quarter earnings report courtesy of having set a new record of iPhone 6 sales over the weekend.
That said, it is only the iPhone 6 segment which is looking bright as of now because the company has been weak in the iPad segment over the last few seasons and the downtrend is likely to continue. Wall Street expectations from Apple Inc (NASDAQ:AAPL) are very high and it remains to be seen whether the company will be able to match the predicted levels subsequent to the launch of iPhone 6 in more than 100 countries around the world.
Another company that featured prominently in Jim Cramer’s list of recommendations was Chipotle and now that the stock has fallen from its high levels, the expert feels that it is a golden opportunity to make an entry and hold on to the stock till it is on the rise again. Amazon.com Inc (NASDAQ:AMZN), Caterpillar Inc (NYSE:CAT) and Dr Pepper Snapple (NYSE:DPS) are some of the other names that he suggested while the one he cautioned the investor against was IBM, with due apologies to Warren Buffett.
With Apple Inc (NASDAQ:AAPL)’s Apple Pay round the corner, this company’s growth curve is likely to be the most interesting to watch out for.