Apple’s new products prove its valuation is too low

• CNBC’s Jim Cramer explains how Apple’s sustained innovation can drive its stock higher.
• The “Mad Money” host sits down with the CEO of AeroVironment as well as the founder and CEO of Barstool Sports.
• In the lightning round, Cramer suggests an alternative to the stable stock of Chevron.

In Cramer’s lightning round, he flew through his take on callers’ favorite stocks:

Chevron: “Look, Chevron is a great American company. OK? And it yields almost 4 percent and you’re just going to hold onto it, alright? You’re just going to hold onto it because it’s a very well-run company. But it’s not going to run away. That’s the problem. May I suggest – those who are looking for a little more yield – you should go with BP.”

Gilead Sciences: “It’s real low. It’s real cheap. It’s got some decent drugs in the pipeline. I wouldn’t sell it here, but I do not have any reason to recommend the stock.”

Disclosure: Cramer’s charitable trust owns shares of Apple and BP.

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