Apple's iPhone 17 Boost, Busy Earnings Week, Rare Earth Stocks Rally 10/20/25

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Carl Quintanilla (1:00)

Market moving insight and analysis joined Jim Cramer, David Faber and me, Carl Quintanilla, on the opening bell hour of CNBC Squawk on the Street. Good Monday morning. Welcome to Squawk on the Street. I'm Carl Quintanilla with Jim Cramer back from Mount West. David Faber here at Post 9 of the New York Stock Exchange. Got some risk on today as has it just now suggest the government shutdown might end this week. Earnings definitely pick up big industrials on debt. Tenure is still just below 4% as we'll get CPI on Friday. Our roadmap begins with Apple boosting the Dow, following some strong iPhone 17 numbers in the US and China. The best smartphone growth since the pandemic.

David Faber (1:37)

Plus we're keeping an eye on the rare earth stocks. They continue to rally as the US continues to pursue production of the critical minerals outside of China. We're also monitoring Amazon. This follows a global AWS outage. Global outage took down major websites all over the world. Hence, global.

Carl Quintanilla (1:59)

Let's get to the markets after the best week for stocks since August. Although today, Jim, Journal takes a look at what's leading for the month, and it's a lot of defensive stuff.

Jim Cramer (2:08)

Well, they can say what they want. That's called a rotation. I can't believe that we could have this market that just, we go through all these different stocks, then we burn out on the banks because of a couple of subpar banks, and people call it a tricolor. What do you call it?

Carl Quintanilla (2:26)

It's a tricolor.

Jim Cramer (2:27)

Tricolor. It's like Versant.

David Faber (2:29)

Like the salad, tricolore.

SPEAKER_2 (2:31)

Yeah. Versant.

Jim Cramer (2:33)

Okay. So anyway, you get these situations, and then what comes full circle? Well, let's pick a Mag 7 or a fantastic 10 or whatever might then, right, just got going.

Carl Quintanilla (2:43)

Terrific 10

Jim Cramer (2:44)

Yeah. Terrific 10 Let's go back to Apple. I mean, it's just like, okay, let's rotate to the ones not up for the year. And this, getting its group back. We've been saying that the 17 is unbelievable since the, since it started, even before it started. Now everyone's catching up. David, the 17, it's a long cycle. Don't use the term super cycle, because that jinxes it.

David Faber (3:06)

It's just a long cycle. It's a long cycle. Yeah, but that's good. Which means what?

Jim Cramer (3:09)

Yeah, no, it means good earnings when they report. That's what it means.

David Faber (3:13)

Right.

Jim Cramer (3:13)

Better than expected.

Carl Quintanilla (3:14)

These are numbers.

Jim Cramer (3:15)

Well, it's big.

Carl Quintanilla (3:16)

These are numbers at a counterpoint. This is in the first 10 days. The 17 beats the 16 by about 14%.

Jim Cramer (3:24)

Well, how could they not think that? You've got the, the, the lighter than ever Hershey bar one. Then you have this like one with the camera. I mean, I was, look, I was in some pumpkin picking selfie this weekend. I was not left out by, you know, Eddie, you could, David, you can like go like this and you can put it like a football team in.

David Faber (3:42)

Right.

Jim Cramer (3:42)

And it won't, it'll not screw up. Don't nod. There's a podcast.

David Faber (3:49)

Okay, Jim, gotcha. Understood.

Jim Cramer (3:51)

Thank you.

David Faber (3:52)

You can do all sorts of things in taking photos, I guess is the point.

Jim Cramer (3:55)

I think that it's remarkable. I think people from the beginning underestimated it because they felt that Apple had lost its mojo. And here we go, with rights to say Apple's on a mission to silence its critics, you know how many critics are? They're going to have to be, this is like a super mission.

David Faber (4:12)

No, it's true. Well, yeah, I can use Sora to create all sorts of things that never happened at all.