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.'
Publish date:

Retail isn't dead, but tech is "en fuego" and full of "coiled springs" like


(CSCO) - Get Report


Applied Materials

(AMAT) - Get Report

, Jim Cramer said Thursday on


"Stop Trading!" segment.

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


(ANF) - Get Report


J.C. Penney

(JCP) - Get Report



(TGT) - Get Report



(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


(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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