NEW YORK (
Stephanie Link tells Lindsey Bell why Action Alerts PLUS is making a bet on improved information technology spending in the second half of 2013.
(CSCO - Get Report)
made new 52-week highs Monday on signs that the service-provider market is starting to improve, and Link said shares of the tech giant could go even higher.
Link also said that Cisco was focusing more on software and security, rather than routers, which are more of a commoditized business.
Changing directions a bit, she told Bell that she and Cramer had trimmed their position in
(ORCL - Get Report)
ahead of earnings this week. Although they do expect an in-line result, the bounce from the low-$30 range has proved rewarding.
"If the stock were to pull back, then we would buy back what we just sold," she added.
When Bell asked what stocks she is watching, Link said
are at the top of the list due to their stability and bellwether stature.
is another name they continue to like over the long term, even though many investors appear to have given up on the name.
"We see the substantial growth drivers in that position," she concluded.
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long CSCO, FB and ORCL.