Cisco (CSCO) is a stock to own in the currently tough market environment, according to Jack Mohr, Research Director at Action Alerts PLUS. Mohr said Cisco has the fortitude to weather the current macro storm, pointing to the company’s strong earnings. Mohr said Cisco just raised its dividend and is sitting on a pile of cash. ‘Big companies with strong balance sheets, ample cash flow, lucrative dividends, buyback programs, and diversified end markets are the ones to own,’ explained Mohr. Mohr also commented on the latest bout of Wall Street selling, saying investors were rattled by Federal Reserve Chairman Janet Yellen’s testimony. He also blamed a European banking crisis and negative interest rates in Japan for what he described as emotional selling. Mohr said a good sign that will indicate the end of the selloff is near would be if banking stocks stabilize, including names like Morgan Stanley (MS), Bank of America (BAC), Goldman Sachs (GS) an JPMorgan (JPM).