Actionable news
All posts from Actionable news
Actionable news in AAPL: Apple Inc.,

Cramer Remix: Apple’s quarter could propel these 3 stocks to the stratosphere

After a three-day sell-off that rattled a number of top-performing stocks including FANG, Jim Cramer was delighted to see Apple's quarterly earnings beat on the top and bottom lines.

"Apple's thing-of-beauty quarter and solid guidance should lift the Nasdaq back to where it was before the sell-off began, and will certainly propel the stocks like Cirrus Logic, Skyworks Solutions and most important, Broadcom, fortunately a big holding in my charitable trust, as, of course, is Apple. To the stratosphere," the "Mad Money" host said.

Shares of Apple closed on Tuesday around $150, but after-hours trading drove the stock up over 6 percent to $159, an all-time high, as investors cheered the tech giant's third quarter.

"I say congratulations to CEO Tim Cook, and while I'm at it, can I ask where the 'Apple's best days are behind it' chorus is playing? I would like to pick at the production," Cramer said. "Now [Apple's stock is] at an all-time high, more than 60 points, 60 points left on the table by those who traded it instead of owning it."

Moreover, the three-day sell-off may have come and gone, but Cramer still had some post-pullback advice to share with investors who made it through the pain.

To Cramer, it almost seems like the widespread fears of Amazon that have burdened retailers are starting to wither away.

"We're seeing some things here that might indicate the age of Amazon as the destroyer of all things retail may, at last, be receding, at least for the moment," the "Mad Money" host said.

To make sense of the shift, Cramer tracked brick-and-mortar names from Home Depot to Wal-Mart for a closer look at what may be driving retail's moderate comeback.

Then, with the Dow Jones average inching towards 22,000, even Cramer found cause to wonder whether the stock market's continuous rally is truly sustainable.

"We always need to ask...