Jim Cramer's Stop Trading! Buy Cisco - TheStreet

Jim Cramer's Stop Trading! Buy Cisco

Cramer says the networking stock looks like a 'coiled spring.'
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Retail isn't dead, but tech is "en fuego" and full of "coiled springs" like

Cisco

(CSCO) - Get Report

and

Applied Materials

(AMAT) - Get Report

, Jim Cramer said Thursday on

CNBC's

"Stop Trading!" segment.

Cramer joked that the people who bought stuff last month at major retailers like

Abercrombie

(ANF) - Get Report

,

J.C. Penney

(JCP) - Get Report

,

Target

(TGT) - Get Report

and

Costco

(COST) - Get Report

"are idiots" because they ignored the screaming headlines about the horror of the subprime mortgage business. "Don't they know their house is burning?!" Cramer asked.

Tech, by contrast, is doing well, Cramer said. He said he'd buy some tech stalwarts like

Texas Instruments

(TXN) - Get Report

. He'd also buy

Corning

(GLW) - Get Report

, which he's long for his Action Alerts Plus charitable portfolio, for its strong diesel business.

At the time of publication, Cramer was long Corning.

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