Cisco Grows Up
This isn't your father's Cisco Systems (CSCO) anymore, but chances are it is more attractive to your father now, with the huge dividend increase sticking Cisco in the 3% club. Ten years ago, if Cisco were up 7%, then the market would be flying. Today, traders who are not involved in Cisco really don't care much. A few other names are getting some minor pin action, but it really isn't anything of note.
As the chart shows, Cisco was able to actually exceed my upside target. If $18.50 holds at support, then I believe the next stop will be $19.25 rather than $18-even. I have exited my earnings play for $1.20, which was a nice bump over what was paid; however I would not be selling any longer-term positions here. Cisco isn't going to be the highflier of the past, but if you are willing to look past the large ebb and flow, you will see in the short term, longer term, that this can be a nice income producer while offering a modest upside....399 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.