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Two Ways: Cisco Gets Long


Strengthen your portfolio in good times and bad.


Surprise! Chambo's Optimistic!

Cisco Systems (CSCO) is up 2% in pre-market trading this morning. The world's largest maker of networking equipment reported third-quarter earnings of $0.30 per share, beating consensus estimates by $0.05. Revenues fell 16.6% year-over-year to $8.16 billion; analysts were expecting $8.07 billion. According to Bloomberg, CEO John Chambers said the global business environment is stabilizing, signifying a "remarkable" shift that may be setting the stage for an economic turnaround.

See Professor Dan Englander's Ten Signs That This Is Not an Economic Recovery.

From the Bull Pen: This is quite a change in risk appetite. But the commodities market may be hinting that the symptoms of inflation (higher prices) are coming soon. Bulls can look to the Oil ETF (USO), which closed at its highest levels since January. A sell stop can be set below $30.

From the Bear Cave: Keep an eye on Apollo Group (APOL) which hasn't rallied along with the broader markets. A rally back to $62 (20 DMA) could provide bears with another downside entry point. If and when.

Quick Check Around the World

Asian trading closed with the Hang Seng 2.28%, India 1.37%, Nikkei 4.55%, Shanghai 0.19% and Taiwan 0.09%.

Glancing towards Europe, we see the CAC 1.86%, DAX 1.66%, FTSE 2.50%

As of 8:10 AM EST, S&P Futures are trading +7 to 924.00, and Nasdaq futures are +2 to 1419.00.

A Look at Commodities

Over in commodities, crude oil is trading +1.46 to 57.80 while gold is +8.00 at 919.00 this morning. Silver is +0.250 to 13.96 and copper +0.50 to 219.35.

The dollar index is +0.0550 to 83.9950.

On the Radar


08:30 Initial Jobless Claims
08:30 Productivity 0.9%
08:30 Unit Labor Costs 2.5%
03:00 Consumer Credit -3.3b

Click here for the full trading radar.

Thursday Thursday is here! Good luck during the trading, day and join us for a drink after the closing bell!

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No positions in stocks mentioned.

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