This post was just published on ZYX Buy Change Alert.
Cisco Systems (CSCO) is long from $35.92. It is trading at $56.10 as of this writing.
Cisco earnings were better than the consensus and the whisper numbers. Stocks move based on the difference between the whisper numbers and the reality.
Tariffs
The stock is up $3.67. Only about $1 can be justified based on earnings. There was fear that the company would be adversely impacted by tariffs. The stock is spiking higher because the company states tariffs are already baked into the guidance.
Dividend
Of note is that the stock pays a dividend of 2.50%.
Buy Zones And Rating
For those following the Good Way, the Buy Now rating is a ‘YES’ to start a small scale in on a pull back below $53.57.
For those following the Best Way the new buy zone is $48 to $51.87. The very long term target zone is $70 to $77.
The recommended quantity is 20 – 35% of full core position size.
What To Do Now
Those who are in QCOM may consider continuing to hold.
Those not in the stock may follow the parameters stated above.
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