Cramer Quick Take: Cisco Wins If Fiscal Cliff Is Resolved
NEW YORK (TheStreet) -- What stocks should investors be buying when the fiscal cliff issues are resolved? Jim Cramer told Lindsey Bell at TheStreet.com Monday that he'd consider Cisco (CSCO) after the company made yet another smart acquisition in the cloud space and delivered great earnings.
Cramer said shares of Cisco should have been up more when the company reported earnings, but reactions were muted due to events in Washington.
When you look closely at Cisco's earnings, the company is simply taking share from rivals Hewlett-Packard (HPQ) and Juniper Networks (JNPR) . When the fiscal cliff problems get solved, Cramer said, there should be more enterprise and government spending to go around.
To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here.
-- Written by Scott Rutt in Washington.
To email Scott about this article, click here: Scott Rutt