High\u002Dquality items seldom go on sale\u003B grab them when they do
The S&P 500 has fallen about 16 per cent year to date, while the tech-centric Nasdaq is down 26 per cent over the same time frame.
But CNBC’s Jim Cramer sees plenty of opportunity amid the market downturn. In fact, the Mad Money host recently revealed two stocks that he wants to buy right now.He says that he’s been “long” on the company ever since his daughter owned a blue and a pink iPod. And due to the recent drop in Apple’s share price — the tech giant is down 20 per cent year to date — Cramer thinks it’s time to hit the buy button once again.
That said, Cramer thinks the iPhone maker will be fine, citing his recent interview with Micron Technology CEO Sanjay Mehrotra.In the most recent quarter, iPhone sales grew 5.5 per cent year over year to US$50.6 billion and accounted for 52 per cent of Apple’s total sales. If you’re feeling trepidation about the share price, you can use a popular investing app like Wealthsimple to buy fractions of Apple shares with
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