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Squawk on the Street

Cramer's Morning Take: Apple 10/3/25

Squawk on the Street

CNBC

Investing, Business, News

4.1567 Ratings

🗓️ 3 October 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Cramer gives his take on Apple’s recent ratings cut at Jeffries. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake CNBC Investing Club Disclaimer

Transcript

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0:00.0

I'm Jim Kramer, and you're about to hear a sample taken directly from today's

0:06.5

CBC Investing Club morning meeting.

0:09.0

I'll tell you what does need to cut us Apple.

0:12.0

Now, given we're oversold, I would not have made the Jeffrey's call on a hold-to-sell

0:20.0

that this man is a trader. And it's very interesting because philosophically, an analyst who's a trader, can be very right for people who are hedge funds. Like I would listen to this guy as a hedge fund actor. He's timed it well. I think you gotta give him some credit on that. So this is Jeffrey's a good to underperform from hold. It's been right. He's had five different rating changes this year.

0:39.3

And they've actually come at pretty decent times and flex and points in the stop.

0:43.3

The issue here is that what's good for people who are hedge funds may not be good for people

0:50.3

who are holders, who are retail.

0:53.3

And that's why I've been saying hold, don't trade with Apple, because what will happen is

0:59.3

you'll sell it, but you might not get back in.

1:02.7

And so then you missed the big move.

1:04.0

Yeah.

1:04.4

And you're probably paying taxes on every sale.

1:08.0

Absolutely.

1:08.4

So that's always a consideration for the trust our the capital gains get

1:12.7

donated to charity every year so a little bit of a different story here but they

1:16.5

downgraded the stock because they say demand for the 17 better demand maybe

1:22.1

already in the price or looking out to the 18 when we're supposed to have a

1:25.2

foldable phone they think expectations may be a little bit too high.

1:29.9

I don't know how you can already call that this early,

1:32.4

but that's their call.

1:33.9

Yes.

...

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