“First and most visible today are the two Dow stocks, Wal-Mart and Cisco, that glaringly call for immediate analysis,” he said. “If you saw the action in Wal-Mart today, down $2.30, you might have thought that the Bentonville colossus blew up, that it missed the numbers by a mile and then gave a miserable outlook. No, not at all. Wal-Mart beat the estimates nicely and guided higher. To me the quarter was exactly what you would have expected from the biggest retailer in the world.”
Cramer said that’s exactly what went wrong: Wal-Mart hit its targets “and not one penny more.”
On the other hand, there’s Cisco.