CNBC’s Jim Cramer broke down Apple’s latest quarterly report that topped Wall Street’s revenue and profit expectations. The “Mad Money” host flagged that Tesla stock may fall if the electric car maker doesn’t meet estimates in its quarterly report Wednesday. Later in the show, he discussed patient privacy and medical records access with Masimo CEO Joe Kiani.
Apple CEO Tim Cook discusses the AirPods at a media event in San Francisco on Sept. 7, 2016.
Beck Diefenbach | Reuters
could give the market a boost after the stock popped on a “stunning” quarterly report, CNBC’s Jim Cramer said Tuesday.
“I was worried that Apple wouldn’t be able to give us enough of an upside surprise to propel the stock higher because it had already run so much,” the “Mad Money” host said after reviewing the tech titan’s results of the holiday quarter.
The stock had gained about 30% since it last reported in late October.
“Well, maybe I should’ve had even more faith in a company that I always do,” he said. “It reported a monster top- and bottom-line beat, fueled by phenomenal iPhone and AirPod sales, along with continued growth from their service revenue stream.”
What to expect in Tesla’s quarter
Tesla Chief Executive Elon Musk stands on the podium as he attends a forum on startups in Hong Kong, China.
Bobby Yip | Reuters
High expectations surround Tesla ahead of its quarterly earnings report, and the electric-vehicle maker has to come through, Cramer said.
“If Tesla stumbles, the stock will sell off hard, but I believe my buddy-pal-friend [CEO] Elon Musk will deliver,” the host said.
Patient privacy and access
Joe Kiani, CEO, Masimo
Scott Mlyn | CNBC
Patients should have more say in how they can easily access their medical information and how it is shared by hospitals, Joe Kiani, CEO of medical device manufacturer , told CNBC.
“Privacy rules are there to protect patients, not to potentially harm them,” he said in an interview on the show, reacting to a medical records company’s pushback to new rules proposed by the Department of Health and Human Services.
“Patients should make the tradeoff between what’s more important: privacy or having their data available in a way that can hopefully save their lives.”
Cramer’s lightning round
In Cramer’s lightning round, the “Mad Money” host took calls and delivered his thoughts about callers’ favorite stock picks of the day.
: “Look, Alteryx, we had them on, we were the only people who liked this company and we know that this is an amazing company.” Buy.
: “Science equipment. Very, very hot, but you know what I like more and I like .”
Disclosure: Cramer’s charitable trust own shares of Apple.