Jim Cramer Says Don't Sweat Icahn Backing Down on Apple

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Jim Cramer Says Don't Sweat Icahn Backing Down on Apple

Jim Cramer Says Don't Sweat Icahn Backing Down on Apple
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Jim Cramer Says Don't Sweat Icahn Backing Down on Apple

TheStreet.com Videos 0:33 mins

TheStreet's Action Alerts PLUS Co-Portfolio Manager Jim Cramer says the latest news that activist investor Carl Icahn is backing down from his push to force change at Apple is a sign that Icahn is already getting what he wanted. Cramer says Apple CEO Tim Cook's decision to buy back $14 billion in shares in early February goes a long way toward what Icahn was seeking. Cramer expects that as Apple buys back shares, the stock will continue to move higher.

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