CNBC's Jim Cramer said Monday it would be a "mistake" to buy shares of Apple ahead of its quarterly report next week – despite what Morgan Stanley says.
Morgan Stanley raised the price target of the stock to $ 247 from $ 231 Monday, which triggered the stock to increase 2.3% during the session.
"One thing is for sure after this race, it would be a mistake to buy Apple that goes into the quarter, unless you get a meaningful withdrawal in advance," said the host "Mad Money". "The gap between the bulls and the bears is just too wide for us to play Apple."
Cramer has emphasized that buying the stock of a company before reporting earnings is a risky bet. He called the Haussian takeover from Morgan Stanley equity analyst Katy Huberty for a "bold move." background of negative investor sentiment and conservative guidance.
Still, at least one Apple analyst at Sanford Bernstein believes it may be a weakness in the service segment and that it will grow around 1
"We hate it at & # 39; Mad Money & # 39; when stocks [going] go into earnings … the reaction of a stock to what we call & # 39; print & # 39; often depends on what It's done in advance and it comes down to this type of conversation, "Cramer said.
"If Apple fails to make estimates, if it's not talking about the service business, you'll find yourself on the wrong side of the trade," Cramer said. "If the quarter is good, you've already borrowed some of that upside, if that's bad, see below."
Nevertheless, the host recommends investors to sit on the sidelines and digest Apple's report. It's a stock he always says you have to own and never trade.
In case the stock takes a hit after the conference call, "you'll be able to buy something more for weakness. Maybe at much lower prices than it went out today."
Cramer also warned that Wall Street analysts have a "Excessive ability, right now, to move stocks, especially tech stocks," during the revenue season. The analysts played a heavy hand in the 17-point win on the Dow Jones Industrial Average, 0.28% in S&P 500 and 0.71% on the Nasdaq Composite.
It was "a great victory for the bulls," he said.
SE: Cramer breaks down how analysts can influence the market
Disclosure: Cramer's charitable trust owns shares in Apple.
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