Apple, Verizon change the game
The iPhone's well-received launch on Verizon's network could inspire a mass migration and even reignite the Nasdaq.
The opinion-makers have spoken: Switch to Verizon Wireless. Shocking? Actually, not at all. Did anyone think that Walter Mossberg from the Wall Street Journal and David Pogue from The New York Times wouldn't focus on dropped calls, given the lack of differentiation between Apple's (AAPL) two iPhones?
But when you read the articles, the contrast is so sharp that you have to think that not only will Verizon Wireless take share back, but there could be a wholesale shift in actual phones from whatever generation someone might have to the iPhone.
Normally I wouldn't care about these two columnists, but when I look at where Apple is and I think about how this launch has somehow been regarded as anticlimactic, I think: How many times has there been an inflection point with Apple that people didn't think mattered?
Think of it like this. Apple is 4 points from its breakout. And when I say breakout, I mean that when this one takes out its high, it attracts buyers like mad.
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Meanwhile, the ho-hum nature of the launch just got a much more than ho-hum endorsement from these influential columnists.
That should allow the analysts who have been itching for something to talk about a chance to reiterate or, in the case of those who are still low, raise their price targets. They can take up their projected Verizon Wireless iPhone sales from the expected 10 million to perhaps 12 million, just on the strength of the absolutely positive reviews by these two opinion-makers. Some of these analysts might also pick up on speculation that there will be an iPad 2 launch coming soon that will bring further excitement to that now-100% positive story.
On a day when the market feels sluggish, watch this stock. If I am right, it will break through the inflation-inspired gloom and reignite the Nasdaq ($COMPX), which was knocked back by Broadcom (BRCM) and not made up by Acme Packet (APKT) and some cloud-related moves.
You get the Apple supply chain erupting again for more than session border controls, Cirrus Logic (CRUS) and ARM Holdings (ARMH), and you could turn a negative scenario into a positive one just off the strength of a couple of columns that will stoke the sales of Verizon's Apple iPhone.
Stranger things have happened.
At the time of publication, Cramer was long AAPL.
Follow Cramer's trades for his Charitable Trust.
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