Europe obscures the positives from Visa, Cisco

Because of problems in Lisbon and Athens, Visa's and Cisco's strong numbers will be questioned.

By Jim Cramer Feb 4, 2010 9:02AM
Jim Cramer

 

By Jim Cramer, TheStreet  

 

Forget Visa (V). Who cares about Cisco (CSCO)? I am worried about Portugal!

 

Just giving you the only view that matters these days, the view that makes 2010 so hard: Europe's a mess and a competitive mess that makes people think our house is more in order than we thought.

 

You sell the stocks of the house that's in the best order.

I pondered the other day the incredible notion that if the dollar goes from 1.43 to 1.34 against the euro over the course of a month or two, that's so much more important than Visa or Cisco or Novellus (NVLS) or any other company that seems to be saying that things are darned good.

 

It is tough enough to deal with companies like Seagate (STX), where my friend Ken Shreve of the Market Movers newsletter believes that the chart looks bad even though the fundamentals look great, without the dollar making the entire S&P 500 look like it has to retest where this move started.

 

Get started at our New Investor Center

 

Is there any hope? Yes. Employment claims can change the way we are perceived. Greece and Portugal could fall off the radar screen a la Dubai.

 

But otherwise, at this pace, we are going to wonder whether Visa and Cisco really were good. Our analysis on them for Action Alerts PLUS -- done without the silly dollar prism -- shows the two best quarters we may have ever seen from these companies in a long, long time.

 

It would matter on another day.

 

But because of Lisbon and Athens, we don't like Cisco and Visa.

 

Go figure.

 

At the time of publication, Cramer was long Visa and Cisco.

 

Jim Cramer is co-founder and chairman of TheStreet. He contributes daily market commentary for TheStreet's sites and serves as an adviser to the company's CEO.

 

 

Related Articles

 

Dow stocks getting better all the time

 

2010 IPO outlook

 

Economy's nuts and bolts: Under the radar

3Comments
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

114
114 rated 1
278
278 rated 2
474
474 rated 3
641
641 rated 4
639
639 rated 5
663
663 rated 6
640
640 rated 7
499
499 rated 8
284
284 rated 9
122
122 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
DYNDYNEGY Inc10
TAT&T Inc9
VZVERIZON COMMUNICATIONS9
EXCEXELON CORPORATION8
AAPLAPPLE Inc10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.