This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

4 Big Tech Stocks on Traders' Radars

Cisco Systems

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Nearest Resistance: $25
Nearest Support: $24
Catalyst: Earnings, Layoffs

>>5 Tech Stocks to Watch for Breakout Trades

Despite strong performance in 2013, Cisco Systems ( CSCO) is reeling after posting anything but a strong fourth-quarter update on its business. Analysts had been expecting a profit of 51 cents per share, and even though Cisco beat that best guess by 1 cent, the firm is off more than 6.6% on a weak outlook and news that it's shedding 4,000 jobs. Cisco's $132 billion market cap means that its shaky guidance could spell trouble for the broader industry, so investors are selling this stock off.

From a technical standpoint, Cisco's big gap down this morning spells trouble. While the stock had been in a well-defined uptrend since May, that trendline got broken with traders' reactions to the news. That points to lower ground ahead for CSCO.

I'd recommend staying away from the long side of this name for the time being.
2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
ALU $3.94 0.00%
CSCO $27.27 0.00%
FB $105.74 0.00%
GRPN $2.87 0.00%
AAPL $118.88 0.00%


Chart of I:DJI
DOW 17,812.19 +19.51 0.11%
S&P 500 2,089.14 +2.55 0.12%
NASDAQ 5,102.8080 +0.33 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs