As the markets continue to hit new 52 week highs, certain former winners are sitting at their lows. In a market this strong, how did these stocks fall out of favor? Are they good buys?
The first stock is Cisco Systems, Inc. (NASDAQ:CSCO). This stock was a former darling until recent earnings misses. Company management has said they are restructuring and hope to turn things around. The stock is down from a 52 week high of $27.74 to its current price of $17.40. With the current valuation, Cisco is looking attractive. The stock seems to have found significant support in the $16.50 to $17.00 level and has held multiple times. With the power of the name and an insane amount of cash, the bad news may be priced in and the turn around starting.
The first stock is Cisco Systems, Inc. (NASDAQ:CSCO). This stock was a former darling until recent earnings misses. Company management has said they are restructuring and hope to turn things around. The stock is down from a 52 week high of $27.74 to its current price of $17.40. With the current valuation, Cisco is looking attractive. The stock seems to have found significant support in the $16.50 to $17.00 level and has held multiple times. With the power of the name and an insane amount of cash, the bad news may be priced in and the turn around starting.
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