Published on 1 Nov 2024 on Benzinga
Jim Cramer Warns Apple Stock Should Have 'Never Been Up That Much' After Q3...
After Apple Inc.'s AAPL forecast cuts following the company’s fourth-quarter results, “Mad Money” host Jim Cramer cautions that “the stock should never have been up that much,” while Dan Ives defends the company’s strong iPhone 16 launch.
What Happened: On Thursday, Cramer took to X, formerly Twitter, and suggested that Apple's lowered financial forecast, indicating a slowdown, has now been "absorbed" by the market, which he thinks brings down overhyped expectations to a more "reasonable" level