TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer has a warning about Apple's stock. He said Apple shares have been rising lately on the heels of Pokémon Go, which could be a boon to Apple's services revenue stream. Cramer stated that he's "adamant and continue to be adamant that this is not a good quarter [for Apple]. And those who think it can ramp from this quarter will either have to know something about the iPhone 7 that I don't know or that the service stream has really exploded. So I want people to be very careful about Apple."

In May when Wall Street was pounding Apple, Jim Cramer thought it was overdone and invited Apple's CEO Tim Cook to make his case about China and other areas. Cramer stated at the time that "Apple isn't going to fade away like the market bears are assuming and that Apple just experienced a speed bump and nothing more." Patently Apple covered Cramer in two reports."

The speed bump that didn't faze Cramer at all in May is apparently now weighing on his view of Apple in June. In the end, Cramer sounds awfully flakey with his big reversal in position in just a month. To see the video, click here. Apple reports next week as noted below.

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