Tuesday, March 17, 2009

Cisco added to Goldman Sachs 'Conviction Buy' List (CSCO)

We are fans.
That $30 Billion cash hoard makes it easier to sleep at night, their new 'green' ventures make it interesting to get up in the morning. If you have an interest, use the "Search Blog" box, keyword Cisco. The stock is up another 2% this morning after matching the averages last week.
From 24/7 Wall Street:
Cisco Systems, Inc. is trading up 2% at $15.78 in somewhat active pre-market trading this morning. It seems that Goldman Sachs decided it likes this new unified computing system push announced yesterday. Goldman has added the technology giant to its prized CONVICTION BUY LIST with an $18.00 target. We have the 52-week trading range as being $13.61 to $27.72. In the last 5 trading days this one has rallied more than 10%.