Can Cisco Save Tech Stocks?
It was burned in Tuesday’s broad sell-off, but will Cisco earnings Wednesday help revive the battered Nasdaq?
I like Cisco on the strength of Juniper’s earnings back in January, says Guy Adami. At $23 CSCO looks like a value play.
And they have 25 billion in cash on the books, adds Karen Finerman. I’m interested, too.
If you buy Cisco today, I think a year from now you will be happy, says Jeff Macke.
So far the options action doesn’t suggest a directional bias (whether the stock will move higher or lower after earnings), explains Jon Najarian. But in the morning the scales should tip so you might want to take a look, then.
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Trader disclosure: On Feb.5, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (YHOO), (DIS), (INTC); Finerman Owns (GS); Finerman's Firm Owns (NMX), (RTP), (SKS), (TSO), (TYC), (VLO), (WMT), (SUN); Finerman's Firm Owns (YHOO) And (YHOO) Calls; Finerman's Firm Is Short (SPY), (IJR), (IYR), (IWM), (MDY), (CME), (COF), (BHP); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Jon Najarian Owns (CME), (DIS), (MRK), (CMC), (YRCW); Jon Najarian Is Short (AIG), (XOM); Jon Najarian Has A Protected Long Position In (XLF) Through Options