Jim Cramer’s Stop Trading! – Buy Apple Inc.
“Apple Inc. (NASDAQ:AAPL) stalled out after its most recent quarter, but the stock is ready to roll,” Jim Cramer said on Monday’s “Stop Trading!” segment. He said despite the hype around Motorola’s (MOT) new Droid smartphone, consumers seem to be shrugging it off and coming right back to Apple. The Droid’s pending release, along with the iPhone’s disappointing launch in China, has slowed down the stock, but Cramer said he’s sticking with his $300 price target for Apple. “It’s been stalled completely since it reported that great quarter,” he said. “Now it’s ready to run, very similar to what happened with Google Inc. (NASDAQ:GOOG).” Cramer’s price target for Google is $700. Moving on to commercial real estate, Cramer said anyone who thinks the sector is going to bust should check out the quarter from Federal Realty Investment Trust (NYSE:FRT). “They lost about 1.2% occupancy,” he said. “When this commercial real estate market turns around, these guys are going to be 100% occupied.” Cramer called Nordic American Tanker Shipping Limited (NYSE:NAT) a coiled spring, and said if rates come back, it’s going to make a lot more than ever. Finally, Cramer recommended Diana Shipping Inc. (NYSE:DSX) as a related play on world trade, calling it the best best play in the group. He said he also likes Frontline Ltd. (NYSE:FRO) but people in the industry keep telling him that Diana is the best play. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!
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