Jim Cramer's Stop Trading! Buy Exxon - TheStreet

Jim Cramer's Stop Trading! Buy Exxon

Cramer says it shouldn't come down much more.
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Buy

Exxon Mobil

(XOM) - Get Report

, Jim Cramer said Friday on

CNBC's

"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.

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