Jim Says It’s An Opportunity To Add AAPL
"Mad Money" TV show host Jim Cramer said that it is a crazy time in the market, with the share price of a company moving not on fundamental aspects, but on China, Greece and oil prices. Cramer said that for a company like Apple (NASDAQ: AAPL), it made no sense for its stock to skyrocket on positive market news and ignore news regarding Apple’s products.
Cramer believes that the US economy is improving and will be gradually creating jobs by the end of the year. He said that it seems silly how all stocks are getting tied to the global economy instead of the fundamentals of individual companies. According to Jim, investors should be buying AAPL when the markets are not paying attention.
In his series of outstanding companies raising their dividends in a weak market, Cramer turned his focus to pest control giant Rollins (NYSE: ROL), whose brand, Orkin, commands a 20% market share. ROL had hiked its dividend by 28% last week, up from $0.07 a share to $0.09. The company’s current yield stands at 1.8%. Jim compared Rollins to an ATM machine, as commercial pest control accounts for 40% of its revenues, residential contributes 40% and termite control accounts for the remaining 20%.
