Cramer Still Calls Apple (AAPL) His Top Growth Stock Pick

Shares of Apple (Nasdaq: AAPL) have been making new all-time highs almost daily and the rise has caught the attention of at least one stock guru: James "Jim" Cramer.

Cramer put Apple atop his list of growth stocks, saying there's still plenty of room for the stock to run as the company is in the early innings with many of its products. The following are Cramer's criterion for investing in a growth stock:

1. A clear growth plan. Can the company provide visibility on where its earnings will be coming from?
   
   
2. A market for products. Are the company's markets big enough to provide growth?
   
   
3. Competition. Can the company dominate its industry?
   
   
4. Capital for shareholders. Can the company reward its shareholders?
   
   
5. International expansion. What are the company's prospects overseas?
   
   
6. Balance sheet. Does the company have a rock-solid balance sheet to fuel its growth?
   
   
7. Valuation. Is the stock expensive based on earnings?
   
   
8. Strong management. Is the leadership team strong enough to power the growth?
   
   
9. Secular growth. Does the company need economic expansion in order to win?
   
   
10. Margin growth. Is the company susceptible to higher input costs?

Apple shares have hit yet another new all-time high this morning. The stock traded up to over $640.30.

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