I can’t wait till later. The plan is to go to a local baseball game with the family, eat one too many hot dogs, and see some fireworks. And tomorrow, I’m doing something I almost never do: I'm sleeping in. It’s like a mini vacation where all that's missing are the umbrella drinks.

Major Asian markets ended in the red. The Hang Seng was down 1.09% and the Nikkei was off 0.64%. European stocks were in negative territory earlier this morning as well. And here in the US, we're currently trading lower.

Here’s what my eyes are seeing this morning:

Cisco (CSCO):
 Per Bloomberg: “The world’s largest maker of networking equipment was rated “buy” in new coverage by Deutsche Bank AG, which said the stock is 'attractively priced' given its growth potential.”

Not earth-shattering news, but worth a mention. In addition, it gives me a chance to weigh in with some other thoughts:

1. The stock is starting to show some signs of life and investors are slowly beginning to warm to this story again. That’s nice to see. The shares looked pretty sorry when they were in the low- to mid-teens.

2. The research coverage could give the stock a goose. At the same time, I’m worried that the unemployment numbers could have a big influence on the direction of the stock.

3. My eyes are still glued to the more than $33 billion in cash, equivalents, and investments it showed on its third-quarter balance sheet. That boatload of dough leaves it with some options to potentially drive value.

4. I don’t want to forget that during the third quarter, it was buying back stock. This tells you what management thinks it's worth.

5. It's been beating estimates pretty consistently and I'm hoping that trend continues. I believe it could.

I’m not sure there’s going to be a lot of fireworks in today’s session, but I'm warming to this story pretty quickly. Stay tuned.

Las Vegas Sands (LVS):
 Back in mid-May, I mentioned in my article that I was going to be steering clear of the once high-priced stock. I’m glad I did, as the shares are down more than a buck since then. 

But is now the time to roll the dice -- or fold?

1. From a macro perspective, the economy still stinks; unemployment is high and could crank into the double digits; fuel prices are up again, which could have an impact on travel plans; and the competition for the consumer in Las Vegas and other gaming areas remains stiff as a board.

2. What impact, if any, might tax-loss-selling time have on these guys?

3. My gut tells me to wait and watch the dealer another couple of hands before tossing my chips into the pot.