Jim Cramer: Investors Have 'One More Opportunity' To Buy Apple's Stock

Earnings season's main event will hit the tap this week, as Apple Inc. AAPL is scheduled to report its fiscal second-quarter results after Tuesday's market close.

Apple impressed investors back in February with its first-quarter report, and the stock is up nearly 25 percent since the start of 2017. As such, expectations heading into Tuesday's report is high, but CNBC's Jim Cramer believes this shouldn't be a source of concern for investors.

Cramer said during his daily "Mad Money" show on Friday that Apple is "doing so many things right." Specifically, the iPhone maker is not only making the best products in the market but following up with a "deep" ecosystem and a "substantial" service revenue stream.

Cramer hinted that there is still "one more opportunity" to buy Apple's stock before Wall Street's "nay-sayers" are proven wrong yet again during Tuesday's report.

Own It, Don't Trade It

Cramer has been saying since at least early 2016 that Apple is the kind of stock that investors should "own" — and not "trade." In other words, short-term fluctuations and volatility will be a near-term event as the stock's long-term profile has nowhere to go but up.

Cramer is also bullish on Apple's ability to take advantage of any favorable repatriation tax break from the Trump administration, not to mention the upcoming iPhone release which is expected to boost sales among both new and old iPhone users.

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