Jim Cramer's Stop Trading! Buy Exxon - TheStreet

Jim Cramer's Stop Trading! Buy Exxon

Cramer says it shouldn't come down much more.
Publish date:


Exxon Mobil

(XOM) - Get Report

, Jim Cramer said Friday on


"Stop Trading!" segment.

He said the stock should fall in coming days into the mid-to-low $80s from a recent $86.70. Cramer said the stock is worth buying at $83-$84 a share, even though it's "more of a bank than an oil company," given its sluggish exploration pace in recent years.

Cramer said with crude oil trading at $77 a barrel, Exxon stock is going to bounce back even if investors are disappointed with its subpar second-quarter earnings report.

At the time of publication, Cramer had no position in stocks mentioned.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.