Stocks closed sharply lower across the board Monday, with the S&P 500 breaking below the closely-watched 1,340 level, as worries over Greece's potential exit from the euro zone and fears over a slowdown in China kept investors on edge.
Whether earnings results are great for Cisco Systems or not on Wednesday, Nikos Theodosopoulos, analyst at UBS, tells CNBC there are other reasons to buy the stock.
Stocks recovered more than half their losses, but still closed in negative territory Tuesday as political uncertainty in Greece kept investors on edge.
Stocks finished mixed Monday, recovering from their session lows, as investors shrugged off worries over the eurozone's ability to handle its sovereign debt woes following France and Greece's elections.