Jim Cramer Advises Viewers On Gold, Apple Inc And Rite Aid Corporation

Jim Cramer said on CNBC's Mad Money that it makes sense to own some SPDR Gold Trust (ETF) (NYSE: GLD) as an insurance. The performance of Apple Inc. (NASDAQ: AAPL) heavily depends on China, thinks Cramer. He believes that Chinese consumers are not doing nearly as bad as the commodity companies that buy iron, coal or steel. Chinese stock market is terrible, but Chinese consumers are better than the stock market, added Cramer.People panicked badly when Rite Aid Corporation (NYSE: RAD) reported, it was almost like it didn't do anything right, said Cramer. He would take advantage of another chance to get in the stock.