Shares of Apple Inc (AAPL) have continued to rise on strong confidence in the company’s global position. Analyst Jim Cramer, one of the company’s biggest believers, continue to hammer home his belief in the company’s overall market dominance.
Cramer’s analysis that Apple has already bottomed should “ring a bell” for many listeners. If you have been waiting for Apple to hit $80/share, Cramer’s telling you not to hold your breath, and chances are he’s right.
The past few days have treated Apple shares well as the market realizes how genuinely premium the company’s position is in the marketplace. Currently, the stock is trading around $109.17 up $4.62 (4.42%), as it rides out an early morning rally.
[MDN via The Street]
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