'I Don't Know John Ternus,' Jim Cramer Says — but He Trusts Tim Cook's Word on Apple's Next CEO

Avi Kapoor

Sat, August 29, 2026 at 6:46 PM GMT+3 4 min read

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On CNBC's "Mad Money Lightning Round," Jim Cramer recommended buying Cisco Systems Inc., noting that it had a really good quarter. "I know that they gave very conservative guidance, but that's all it was," he added.

On Aug. 12, Cisco reported better-than-expected financial results for the fourth quarter of fiscal 2026. The company guided for fiscal year 2027 revenue of $72.2 billion to $73.4 billion versus estimates of $68.69 billion. The company also guided for full-year adjusted earnings of $5.05 to $5.11 per share, versus estimates of $4.80 per share.

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Apple Inc is "still a good buy" and he would own the stock, not trade it, Cramer said. "I know we've got a new CEO coming in, and I have made no secret of how great I think Tim Cook is. I do want to get to know the new CEO, and I don't know John Ternus. However, I do think the company is going to be in good hands if Tim Cook says it's in good hands because he has never been anything other than true north for me," he added.

On Wednesday, Apple confirmed that its "Surprise and shine" event will begin at 10 a.m. PT on Sept. 9, with the presentation expected to take place at Apple Park and stream online. The event will be particularly significant because Ternus will succeed Cook as CEO on Sept. 1.

"Now look, if you believe, as I do, that we could have rampant inflation down the road," Cramer said when asked about Vale S.A.. "I would actually use it to hedge."

B of A Securities analyst Caio Ribeiro downgraded Vale from Buy to Neutral on Aug. 5 and lowered the price target from $18 to $16.

When asked about ERock Inc, he said, "We're not going to do this one. I mean, if you're going to go there, you've got to go with CoreWeave."

On the earnings front, ERock reported better-than-expected second-quarter results on Aug. 11.

Photo via Shutterstock

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