While the company is ``the most troubled of the big oils,'' it's worth buying because it has been ``anointed'' as a ``core holding'' by mutual fund managers, said Cramer, a market commentator and former hedge-fund manager.
Chevron Corp. and ConocoPhillips are both fundamentally better companies, Cramer said. Still, he said, the ripple effects of large investors' decisions will cause Exxon Mobil to outperform other oil majors until the end of the year.
In response to a caller, he said the oil company with the most possibility for gains was Devon Energy Corp. (DVN) He told a caller that Duke Energy Corp. (DUK) should be avoided lest they cause investors to fall asleep.
Cramer recommended Research In Motion Ltd. (RIM), Marvell Technology Group Ltd., UnitedHealth Group Inc. (UNH), Darden Restaurants Inc. (DRI), Boston Scientific Corp. (BSX), Johnson & Johnson, Toyota Motor Corp. (7203), Terex Corp. (TEX), Halliburton Co. (HAL) and Royal Bank of Canada (RY) in response to questions during the show's ``Lightning Round'' and ``Sudden Death'' segments.
He also told viewers to avoid Palm Inc., Micron Technology Inc. (MU), Burger King Holdings Inc., Pier 1 Imports Inc. (PIR), General Motors Corp., H&E Equipment Services Inc. (HEES), Sun Healthcare Group Inc., Arena Pharmaceuticals Inc. (ARNA) and Cummins Inc. (CMI)
He said he owns shares of Marvell Technology, Johnson & Johnson (JNJ) and Halliburton for his charitable trust.
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