Jim Cramer highlighted that Starbucks can generate gains without external catalysts, praised Apple’s massive, paying audience, and urged patience for Intel investors. His remarks came as the Dow posted its strongest day in over a month.
On Thursday, CNBC host Jim Cramer asserted that Starbucks can "drive gains on its own" because the coffee chain "doesn’t build data centers and it doesn’t need its multiple to expand," adding that strong earnings alone can lift the stock (source [2]). He noted that the recent denial of merger rumors with Chipotle by CEO Brian Niccol should have sparked a rally, but the shares remained flat, a surprise to the analyst (source [2]). Cramer also placed Starbucks on his monthly pick list, emphasizing its continued momentum (source [6]).
Turning to technology, Cramer described Apple as an "oddity" whose sheer scale and loyal audience make it worth paying a premium for (source [2]). He referenced Apple’s recent partnership with Meta to run Meta’s 816‑billion‑parameter Muse Spark model locally on high‑end Mac Studio machines, a move that showcases Apple’s ability to leverage its massive user base while avoiding heavy data‑center costs (source [3]).
Regarding Intel, Cramer reiterated his long‑term confidence, stating the chipmaker "will be a winner" and urging investors to remain patient despite short‑term volatility (source [2]).
The broader market backdrop was upbeat: the Dow recorded its best day in more than a month as investors rotated out of AI‑heavy names amid concerns over overspending, with sectors like consumer staples and tech receiving fresh attention (source [1]). Producer‑price data showed a 6.3% YoY rise in September, the highest since 2022, adding to the macro narrative (source [1]).
Cramer’s commentary suggests that, while tech giants like Apple continue to command premium valuations, more traditional brands such as Starbucks can still deliver strong performance without relying on speculative catalysts. For Intel, the message is one of endurance, encouraging investors to look beyond immediate market noise. As the Dow gains momentum, market participants may weigh these insights when shaping their portfolios (source [1]).