Jim Cramer recommends Cisco, calls Apple a buy and Vale an inflation hedge

Jim Cramer recommended buying Cisco Systems after the company reported better-than-expected fiscal fourth-quarter results, saying its conservative fiscal 2027 guidance was the only drawback. Cisco forecast fiscal 2027 revenue of $72.2 billion to $73.4 billion, above estimates of $68.69 billion, and adjusted earnings of $5.05 to $5.11 per share, compared with estimates of $4.80. Cramer also said Apple remained a good buy and a stock to own rather than trade, while expressing confidence in Tim Cook’s assessment that incoming CEO John Ternus will lead the company well. Apple said its "Surprise and shine" event will begin at 10 a.m. PT on Sept. 9, after Ternus succeeds Cook as CEO on Sept. 1. Cramer said Vale could be used as a hedge if rampant inflation develops, although B of A Securities downgraded the stock to Neutral and cut its price target to $16 from $18. He declined to discuss ERock and pointed investors toward CoreWeave instead. Vale shares rose 1% to $15.31, Apple gained 0.4% to $314.58, Cisco fell 0.2% to $112.15 and ERock advanced 1.9% to $13.23 on Thursday.

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