This Day On The Street
Continue to site
ADVERTISEMENT
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

Jim Cramer's Mad Dash: 'I Like Cisco'

NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, was taking a look at Cisco Systems (CSCO - Get Report), which was upgraded to buy from hold at Deutsche Bank. 

Cramer said the company's new products are selling better than most had expected and CEO John Chambers seems "more fired up" now than he's seemed in many years. 

U.S. businesses are back on track, Cramer said, adding that "I like Cisco." The stock's valuation and dividend yield are attractive too, he said. 

Turning to Bank of America (BAC - Get Report), the company has resubmitted a smaller capital plan to the Federal Reserve. Originally the bank had submitted plans to increase its dividend and initiate a share buyback program. 

Must Read: FireEye Lock-Up Expiration Not Twitter Round Two: StockTwits.com

However, after an accounting error involving $4 billion was discovered, Bank of America was forced to retract its original capital plan. 

The retraction of its capital plan "killed the stock," Cramer said. Now, he questioned whether the stock could regain its luster with the new submission.


-- Written by Bret Kenwell in Petoskey, Mich.

>>Read More: Apple Annihilates Android, Crushes Stock Market in 2015

>>Read More: What's Wrong With United Airlines? A Little Bit of Everything

>>Read More: Verizon & Vodafone Top the 5 Best M&A Deals of the Last 5 Years

At the time of publication, Cramer's Action Alerts PLUS had a long position in Bank of America.

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
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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
BAC $16.36 0.00%
CSCO $26.00 0.00%
AAPL $113.29 0.00%
FB $91.01 0.00%
GOOG $630.38 0.00%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs