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

Apple's Weakness Is Temporary Ahead of iPhone 7, Cramer Says

As Apple (AAPL - Get Report) gets set to report its latest quarterly earnings on Tuesday, TheStreet's Jim Cramer sees the tech giant's stock as a value play ahead of the release of its next iPhone.

The expected debut of the iPhone 7 later this year could be a boon as iPhone sales are expected to drop this quarter. Apple observers could knock a poor performance as saying the current phone, in its sixth generation, could have run its course, said Cramer, manager of the Action Alerts PLUS portfolio, which owns Apple.

Apple shares ticked down slightly Tuesday morning to $104.31 per share.

"People are going to say, 'wow, holy cow, look at the way the iPhone dropped, the...