TheStreet’s Jim Cramer said remember his mantra on Apple (AAPL) ahead of its earnings report, 'own the stock, don’t trade it.' Cramer has liked the stock for some time and believes the stock is currently inexpensive. He thinks Apple is developing into a ‘second half story this year,’ as new iPhones later in 2016 could reenergize the company. Meantime, Cramer commented on Sprint (S), which reported improved earnings. Cramer recommended that investors read TheStreet’s ‘Stressed Out’ stock series, which looks at companies weighed down by debt, including Sprint. Cramer suggested buying Starbucks (SBUX) following its recent strong earnings report, and he likes Costco (COST). Cramer made his comments while answering viewers’ questions from social media on Tuesday. He also discussed IBM (IBM) Nike (NKE), Kroger (KR), Whole Foods (WFM), Sun Edison (SUNE), DHT Holdings (DHT), JD.com (JD), Medallion Financial (TAXI), Delta (DAL), Alaska Air (ALK), and Expedia (EXPE). Cramer is portfolio manager of Action Alerts PLUS and host of CNBC’s ‘Mad Money.’ Send your questions to Cramer on his Facebook page or on Twitter, use hashtag CramerQ.
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