Jim Cramer's Portfolios of the Week

Quote: By Roberto PedoneStockpickr) -- According to Jim Cramer, you need a fundamental reason to short, a catalyst to short, and for AppleAAPL)he just doesn't see one. In a July 28 blog post, Cramer said he has 499 other stocks he would short other than Apple. He said that this is the company that has blown out the top line, the bottom line and every line in between. Cramer mentioned that Apple has products that can be stocked, that has demand worldwide and is a multi-faceted juggernaut.Cramer explained if Apple were to be divided by 10, it wouldn't be such a juicy target for the shorts, but the sheer number of points it can drop makes it very tempting. He questioned why anyone would short a stock that sells for less than 1x its growth rate, with about a fifth of its market cap in cash and no debt. Or why short a stock that could be conceivably selling at less than 13x next year's earnings?Cramer thinks Apple is going to $300. He believes this will happen because that's where the stock will be bumping up against the market multiple on the number he thinks it can earn next year. He doesn't care that the charts says it is stalling. CNBCRealMoneyRealMoney subscription).Cramer's 6 Comeback Stocks For 2010cnbc.com, he wrote: "Verizon CommunicationsVZ) holds huge opportunities in the wireless space, where it owns 55% of the second-largest carrier in the industry, Verizon Wireless. And with the reaffirmed rumors that the company will start selling the Apple iPhone in January 2011, I think Verizon should lead the industry in terms of market share gains, given how much of a game-changer the handset was for AT&TT)Cramer's 6 Comeback Stocks For 2010 portfolio includes NvidiaNVDA) and Range ResourcesRRC)...
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