Any Port In A Storm

In a sea of red, Cisco Systems $CSCO offers save harbor for bullish investors looking to ride out the red tide.

Today in a nutshell $SPX $CSCO

— Greg Guenthner (@GregGuenthner) May. 15 at 08:48 AM


Stocks as a whole are seeing losses across the board this morning. But Cisco investors appear to be unaffected as they react positively to latest quarterly results released yesterday after the close, sending $CSCO shares up as much as 8% this AM. Today’s activity is prompting some to suggest Cisco is quickly becoming the perceived “safety play” in the tech space:

EVERYONE is plowing into $CSCO as a safe haven tech name.

— tickertutor (@tickertutor) May. 15 at 08:34 AM


Of course, not everyone is impressed…

@GregGuenthner Something very wrong about $CSCO being the bright spot in the market.

— Dynamic Hedge (@DynamicHedge) May. 15 at 08:51 AM


…as there are some very real fundamental concerns that need to be addressed:

$CSCO optimism might not last long.. Q/Q sales growth trend is broken…

— (@prognolic) May. 15 at 07:47 AM


And despite today’s impressive gains against the tide, sentiment on the $CSCO stream took a pretty noticeable tumble from higher levels in recent days:

Screen Shot 2014-05-15 at 7.45.00 AM 

Follow me on StockTwits: @chicagosean


blog comments powered by Disqus
StockTwits Blog
  • StockTwits® is an open, community-powered idea and information service for investments. Users can eavesdrop on traders and investors, or contribute to the conversation and build their reputation as savvy market wizards. The service takes financial related data and structures it by stock, user, reputation, etc. More »

  • Search by Date

  • Join StockTwits