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Mizuho's Downgrade of Apple Is a 'Multiple Compression' Story, Jim Cramer Says

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TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer attributes Mizuho's downgrade of Apple AAPL to a multiple compression story, in the sense that investors aren't going to continue to "pay up for the earnings that you're getting there."Cramer thinks investors should watch Apple vs. Clorox CLX , Procter & Gamble PG and Colgate-Palmolive CL . "This is a consumer products story," Cramer said.

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Apple AAPL Jim Cramer Apple downgrade earnings earnings per share compression services revenue apple services
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