NEW YORK (TheStreet) -- TheStreet's Jim Cramer thinks Cisco's (CSCO) third-quarter results reflected the "old" CEO John Chambers because they showed real growth, particularly in the U.S.
Cramer says the U.S. could lead the world out of its morass, rather than Brazil, Russia or China. He points out the latter three nations are not so strong at the moment but says it does not matter because the U.S. "can be that kind of locomotive."
Cramer recommends Cisco as a buy on any pullback because of its good yield and great buyback plan.
"We rate CISCO SYSTEMS INC (CSCO) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income." STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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