TheStreet’s Jim Cramer said stocks may be in retreat, but there is no systemic risk to the market. He’s waiting for stocks to decline a bit further before waiting to buy. Cramer said he’d like to add to his position in Wells Fargo (WFC) when the stock hits $45 a share. A viewer asked Cramer about whether Cisco (CSCO) is a buy. Cramer said he’s taking a long term view of the company, and he suggests buying the stock at ten times earnings with a 4% yield. Cramer also said if you can get stock of Kroger (KR) at $35, that’s terrific, and he also likes Hain (HAIN) at these levels. He’s also a fan of Tyson Foods (TSN) and Hormel Foods (HRL). He said buy a little bit of Hormel stock at these levels, but wait until Tyson comes in a bit. Cramer also said he’s not a fan of Corning (GLW), or Ship Finance (SFL). Cramer is portfolio manager of Action Alerts PLUS. Send him a question through his Facebook (FB) page, or find him on Twitter (TWTR) and use hashtag Cramer Q.
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