Cramer's Morning Take: Apple 4/14/25

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Jim Cramer (1:01)

I'm Jim Cramer, and you're about to hear a sample taken directly from today's CNBC Investing Club morning meeting. We've got this news on Friday night at breaks. It seems like the big break we've been looking for for Apple and NVIDIA. By Sunday, it's partially taken away, so people are a little confused. They want very much to buy Apple, very much to buy NVIDIA. I covered it this weekend. It's not an opportunity to buy. We do have a key bank sector upgrade from cell to hold. But you know, I think the big phrase that everyone's using is not out of the woods.

Jeff Marks (1:36)

Yeah, exactly. Right? So we did see some tariff relief, right? Smartphones, laptops, other tech items, no longer subject to those 125% reciprocal tariffs. The 20% fentanyl tariffs still imposed. But as you said, not really out of the woods yet. They are, it sounds like a section 232 investigation.

Jim Cramer (1:57)

For NVIDIA, that will be defense oriented. But all the major missiles have NVIDIA in them. You can't make the missiles without NVIDIA.

Jeff Marks (2:06)

Yeah, so defense applications. But I still some relief. You mentioned KeyBank upgrades Apple to sector weight from underweight. Just saying this kind of takes off maybe the downside case, a big risk off the table. But you know, I think there's still some hesitation in the market.

And if you look at how trading kind of played out last week where you had some really nasty reversals, it makes sense.

Jim Cramer (2:30)

Well, Friday, this stock was very strong. NVIDIA was very strong, so people may have had it. I would point out that if I were short the stock, and I used to do a lot of shorting, what I would do is I let it come up, and then I bang it down with short, and then with more stock, hope it comes in so I can cover below where it went out on Friday. And that's what you're seeing play out with NVIDIA, will play out with Apple. So be careful. Again, use my playbook from Sunday. If you want to still put it in place. My paper from Sunday says, sell some, look, keep a lot. That's fine. I'm fine. But have some optionality here. Start your day with my outlook on the daily market every morning at 10, 20 a.m. Visit cnbc.com/morningtake to access all the benefits of being a CNBC Investing Club member.

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SPEAKER_1 (4:09)

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