JPMorgan Chase CEO Jamie Dimon should convince Apple to join the joint healthcare venture his company started with Amazon and Berkshire Hathaway, CNBC's Jim Cramer argues.
Mr. Dimon is the venture's only leader who could bring the iPhone maker into the trio's healthcare business, which is led by Harvard Medical School professor and surgeon Atul Gawande, MD, because Berkshire owns a large stake in Apple stock. It would be "self-serving" for Berkshire CEO Warren Buffett, whose charitable trust also owns shares of Apple, to scoop up the tech giant, Mr. Cramer added.
"It is really time for, I think, that ecosystem to embrace the Apple ecosystem," Mr. Cramer said. Historically, he has advised stakeholders not to sell Apple's stock, and predicts it will eventually bottom out at $120 per share, CNBC reports.