Cisco (CSCO): Cramer suggest hanging on to Cisco because it is going higher, noting that it was up 7% on its solid earnings report. He expects Cisco to move from $26.80 to $30 on the strength of its "convergence play" on telecom and cable.
Exxon Mobil (XOM): Cramer notes that institutional investors like XOM's consistent growth of 8% a year and the fact that it has oil reserves which will see the company through a price decline. The company has impressive dividends and buyback schemes, and trading at 10 times earnings estimates, it is not costly.
Borders (BGP) : Although Cramer says that BGP is doing well, he doesn't agree with hedge fund manager Bill Ackman who says that it is going to $36. The stock rose 11% on this statement, but Cramer thinks that it will reach $25-$26 on the strength of its new management.
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