joining us now, cisco chairm and c.e.o. john ambers. , john. >> hey goodto see you again, ease call me johnf you will. >>usie: john, y sounded prty positive andpbeat on e call withnalysts this afternoon, you were taing about a tippingpoint for te. spending and you said that oers are beginning to take omore of a normal pattern. so is th the beginningf an upturn inech. spending? >> i think there's a good chancet is. during, one-quarr ago our orders for the first me begato level out. they were sll down from the prior quarter 10% or so. dung this last quarter i w our normal quarter in terms of e -- it'sery likely we'll loo back t to three qrters om now and say th was the tippg point on the up turn. not the bottom. it's all right starting up. but i'd like to see the data for two more quarters before i uld say that. >> susie: what a your custers and c.e.o.s lling you out how much they want to commit to tech. spendg? how robust the pickup so far? >> i thk the pickup will be gradual. it wl be leadg customers by industry. but we saw

>> i want to buy cisco next week. the straddle. >> i like the amd call spread. >> go to our website optionsaction.cnbc.com. thanks for watching. see you back here next week.

cisco earnings. john chambers on the earnings call will really drive that stock and perhaps the sector as a whole. in august of 2006, bullish remarks from chambers sent shares of cisco 14% higher that day and 68% higher over the following six months. but a bearish tone nearly a year later sent the stock 60% lower over the following six months. dan, you believe those comments are going to be very key? >> i think lots of savvy market watchers are watching this call. it's very important. he will give a very candid outlook. and one of the things i'll segue -- or a great segue from the last discussion we had. options prices for cisco are very cheap. i think they're underpricing the potential for the stock to move on chambers calling a bomb or saying visibility is still very poor and it's going to take a few more quarters to come out of this. i actually think we can take advantage of the fact that the market is pricing in a 2% move. average move is 4%. melissa told us about two 10% moves after earnings on

but cisco may be anticipating something a little better. the company also saying gross margins in its fourth quarter dropped to 65%. that's better than what some on the street were anticipating. john chambers said the book the bill was comfortably above 1. expenses better than what the street were looking for. chambers says this is the toughest economic environment we have seen in our lifetimes. he says that positive sequential product order growth in the quarter is the first that this company has seen in more than four quarters but before he can truly call a bottom to i.t. spending not just domestically but globally he needs to see several quarters of this kind of improvement before he can feel comfortable in doing so. but right now he says it is too early to call a bottom but he is optimistic that the trends are indicating that the worst may finally be behind cisco, indeed the broader i.t. industry. >> jim, i'm going to put you on the spot. if you had to guess, while we're talking there, we watched the stock go down, 1%, now down 2%. what

cisco can contain that pretty easily.nd they've got all the reasons in the world to be able to back down on their expenses, you know, given the downturn behind them. >> all right, mark, one last question, in tomorrow's session, would you recommend investors have fresh cash in the sidelines, buy cisco ahead of the earnings? >> we're not pounding the tape on it, but they'll participate on a recovery, but it's not our favorite name here. >> mark, thanks so much. mark mckechnie from broadpoint research. >> they have $30 billion of cash. so let's hope tomorrow they talk about what they're going to do with that. are they going to stay in competition with ibm, with hewlett-packard? they're moving into the server space. let's see what they talk about tomorrow and see what the strategy is. >> okay, time for the "fast money poll of the day," and tonight's question is, with the nasdaq above 2,000 for the first time since october, will it hold that level after bellwether cisco reports earnings? a, yes. b, no. >> wow, what a complicat

i can't get bullish in cisco. especially with the move the s&p has had at these levels. >> the problems with cisco, the calendar. they came out august 5.. they had come out like emc or juniper early in the cycle, they could have gotten a better response. the expectation is built into the stock price. if you look at the number, a little concern here in terms of sales for emerging markets. it's down 38%. a lot of the tech strength is coming from the emerging markets. it is not good to see that down 38%. i agree with him. overall, the numbers are okay. it is about them releasing their earnings. >> two week ago, this stock was $18 and here it is at 22.5 in this little pullback. i still view that as a positive. i think mr. chambers was a little less bullish than we expected him to be. he didn't necessarily call the bottom, but he did give us some projections going forward. i think the cost cutting measures they've taken are unbelievable. the execution has been great. we talk about balance sheets. $35 billion on the bal

you take a lot of positive out of cisco. i don't know that -- cisco can take the -- >> what do you guys think of that "wall street journal" article highlighting the fact that cisco has all of these committees to launch new products, products like big, giant-screen tvs. >> that sounded scary. >> it sounds like low-margin projects and they're trying to jump start their business because they're too big to grow now. >> they're going into other businesses. that concerns me because i think they're a big company. i think their knitting is a very strong place. it was down 11%. >> sort of like jumping the -- >> i think one of the things that's adding this quarter is the fact they got into the scientific computing as well as oil and gas, as far as they are no longer just a gaming stock. because of that, they're becoming more diverse as well. using those products to go into other areas to succeed. this stock had a hard time getting through 12, broke through 12. now it's unbelievable run. look for a pull-back, though. this is another na

cisco, the same thing. you want to talk about joe just mentioned, goldman came out with a pretty negative piece today. they have a $15 price tag. that's the stock that has been hovering around 19. basically since the reported earnings a month or so ago. intel's earnings were fantastic. then you look at the valuations. is it worthy of it? no. that pulls back as well. ? it is now down by about 3%. jim goldman is on that conference call. we'll keep you updated as the session goes on. next trade here. they trade lower but financials continue to lead. american express, got a nice pop in the afternoon. you've seen the first improvement in the credit market in about 18 months. and you saw mid session, a 96% rise on the back of american express. goldman sachs, jpmorgan had some nice performances together. >> the thing that was interesting, moderating credit losses, you talked about a divergence between write-off and employment. that's the first time we've seen. that that is a positive. then anyone that had credit c

a cost at cisco could drag on earnings today.the company says things are getting better, but it's too soon to call a recovery. hello. if you're just joining us in the united states, welcome to the start of your global day with "worldwide exchange." we broadcast live from the u.s., asia and europe. this morning, we've seen u.s. futures, well, a mixed picture. in part because of those cautious comments coming from cisco's john chambers about the economy. we've seen nasdaq futures have been below fair value just a bit for most of the mornings. right now, s&p futures are pretty much flat and we've got dow futures about 30 points above fair value. a lot of economic news that we're going to be focusing on today, both in europe and here in the u.s. first in europe, taking a look at the ten-year bund, we are going to hear this morning from both the boe and the ecb. not likely to change rates, but the expectation is they'll talk a little about quantitative easing so a lot of folks will be listening for that. we've got the ten-year bund ri

which perhaps explains why it's so heartbreaking to see cisco. >> yeah, hi, pretty boy. >> this horseously very skinny. how bad off is this horse? >> he's bad off and we're worried about him making it. i have seen him come back from rse, but i have seen him better than this. i give him a 50/50 chance. >> unfortunately, jennifer williams knows the odds far too well. she ones the blue bonnet equine human society in texas and that's more than a full-time job. >> i couldn't afford the care for him. >> i understand. >> cisco's owner called her in desperation a few days ago. >> i can't bathe him. he's lost all this weight. in the last two months. >> lisa willis bought the horse a year ago from the owner who couldn't feed him. >> now i can't feed him. i've got to let him go. >> how does it make you feel? >> very sad. very sad. i wish it wld rain. >> but it hasn't rained here at least not enough to make a difference. so much of texas is in the grip of a 2-year-old drought, one that's no longer measured in burnt pastures, but on the bodies of the majestic creatures. animals that are used to ho

john chambers, cisco chairman and ceo. john, always good to see you. >> erin, it's a pleasure again. how will you doing? >> i'm doing well. i'm excited to have you on because you've been honest with us about where you stand and where you saw weakness in this stark downturn well before lehman brothers. you said this could be a tipping point. obviously you still got declines in a lot of places. so what do you mean by tipping point? >> sure. erin if you watch what occurred during our q-3 when i came on you all's show last quarter i said for the first time there is stability in our orders. if this continues, this could be the bottom. we would want to watch it for a while. the next thing we would watch is our first upward movement. that clearly happened during q-4. for the first time from looking at q-3 to q-4 we saw normal order activity. it was up about 10% from q-3 to q-4, which is what normally occurs during a normal gdp growth time period. we've been through the first three quarters in fiscal year '09, down about 10% every

certainly off the cisco quarter.ryone decided john chambers doesn't know what he is talking about. what am i going to say? how about darrell? cornhusker. darrell in nebraska. darrell? >> caller: boo-ya. from lincoln, nebraska. >> it doesn't get more heartland than lincoln. even when we were in iowa, i said why aren't we in lincoln? go ahead. >> caller: i need to know your thinking, meridian fire science. do we have a boo-ya? >> you get a boo-ya because it is diagnostic and we are very pro diagnostics on the show and so is president obama. that is the key to holding down medical costs. you got a good one. he's got horse sense. come on, man, i'm on a roll here. i want to go to john in arizona. >> caller: hey, boo-ya from tucson. >> a wild cat and/or sun devil. go ahead. >> a wild cat, wild cat. with inflation in the future, how is my new might know? nem going to fare? >> you know i like goal but i won't count that. by the way, it is still another not great quarter. starting to hurt me there. let's take one more. let's

great opportunity to look at cisco. stock never looked as low as it did last night when we looked at the news out. that news wasn't all that bad.d. a lot of people were saying how awful it was. mr. chambers came out this morning and reiterated what he said last night. which was not necessarily negative. he needs to see a couple more quarters before he's ready to say, hey, let's look back. that was the bottom. but you look at microsoft, you look at these names. microsoft ran into the earnings. microsoft is right where it was two days before its earnings. it's not like microsoft is suddenly just falling off a cliff. this is a stock just like cisco that ran into earnings, gave back a little and that's why people are looking for those opportunities. >> july 23rd when it traded up to 19.r58 on huge volume. july 22nd when it traded up to 19.28 on similar volume. the stock had a lot of trouble around that 19.50 level. did not participate in the rally the last week and a half. now it's trading 18.75. valuation, that's rich. i t

this is cisco the syy kind which distributes food all over the place.he last couple quarters were not good, sir. they were not good and if you listen to the comps you'll know why. even though it has the decent dividend it has no momentum and has had real bad execution problems so i cannot get behind that stock. i just can't. now go to laurie in missouri, please. laurie. >> caller: hey, jim. >> hey, laurie. how are you? >> caller: doing great. thank you so much. i take economics at a local university and i'm starting to get 18-year-olds coming in excited about financial markets. >> that is terrific. they can actually go for the long ball. we can't. >> caller: i'm the person who teaches them who the "they" is in the they know nothing. i hope this year is less exciting than last year. >> yeah. we could do without the excitement. let's save that for the stadium. >> caller: all right. i would like to talk to you about last week and apply it to mcdonald's. >> okay. >> caller: first, there was an analyst downgrade which i think was like the lows home depot kin

cisco, which reports, big report after the bell, down .8%. and oracle maybe this is getting into ugly territory, down 2.2%. ebay started the week so strong, of course on the cover of "barron's" and just difficulty with paypal and what's going to happen with skype, down 1 1/2%. ea sports of course had an earnings report and it's been weak all day, down 7.3%. but on the flip side let's get to some other stories. that was the good, bad, and the ugly, now we'll throw in the kitchen sink. garmin strong earnings, margin so much better than expected. four handle to a five handle. up 22%. whole foods, great report. actually upped their guidance. same-store sales still down but not by as much as what's expected. and looks like john mackey, the ceo there really getting back to core values. even though it's a premium product it is up 17.3% today. want to talk about value click. i haven't talked about it all day and i wanted to get to it. downgraded the sell at citi. looking forward as i often like to do here toward the end of the trading day, comcast re

cisco beat the street. the silicon valley bureau chief straight from the west coast, jim joins us, one of the world's greatest businessmen, what's going on? >> see if you like this report. good evening to you, good but not good enough, stable but not solid. does the cisco dip spotlight opportunity for investors, 31 cents a share against 29 expected with inline revenue of $8.4 billion and offered better than expected guidance anticipating a 15 to 17% dropoff in first quarter revenue. that might be bad but a point better than some on the street were looking for. despite the less than optimistic tone on the conference call, they're not calling a bottom. a trend suggests a bottom and have to go several quarters to be sure. they said this was the first normal season am sequential performance the company has seen in four quarters time. gross margin reached 65%. the $35 billion in cash the company has on its balance sheet is more than google and intel's cash combined. investors who drove things higher last quarter

there's the cisco, there's a google, they're everything. they're the best there is. go for bp as well. >> i'll tell you why, because i love american and i love american companies. >> amoco, you know, standard oil. >> all right. coming up next, some stocks just can't handle their rallies. we've got the names that overdid it on the up side and may wake up tomorrow with a giant hangover. how many washes did it take cheer brightclean to get this from dingy to bright?

cisco didn't just make up that it saw the first quarter spurt in a year. it didn't just pump up the stock. the turn is real. you get rallies now, alcoa, international paper, getting stronger on their own volition. steel price increases aren't all from china. that's ridiculous. while oil is up, well, let's say too much since the bottom, it didn't deserve to be at 40 anymore than it deserved to be at 140 because we were never as weak as a 40 indicates and never as strong as 140. ford's not at seven because of cash for clunkers. it was there before that. because the turn had already happened. sure, cash for clunkers is a little like throwing a cinder on an already burning campfire but the fire was already burning. you can't explain the strength away. the banks haven't rallied 30% or 40% or 50% for no reason. they've gone to sturdy earners. i don't think anything on the horizon including the so-called pending collapse of commercial real estate i keep hearing about can sink this. before banks can be taken down by commercial real estate they'll be parcelled out

cisco came out with good numbers yesterday.ey didn't blow people away, our up guidance which is the hope, which is why it's down. we think after a short breather cisco is poised to do better and we think the stock is worth in the high 20s. >> david, are these -- this is stu schweitzer. are these companies going to make money on cost cutting or increased revenues? >> the first step is making money on cost cutting. that's what you're seeing this quarter. business has been dull and poor but companies are meeting or beating expectation. cash flow is the great. there's going to be a revenue cycle six to nine months out. when that happens we think a lot will fall to the bottom line, more than expected and that will drive the next leg up for these companies. >> we were talking a minute ago about the question of whether companies were going to increase hiring. are they going to start -- tech companies going to start increase hiring if they see better than expected revenues? >> we don't think so. hiring and employment doesn't drive the

cisco is out with earnings on wednesday. we'll take a closer look in chart talk next. on wednesday investors will be watching earnings from cisco systems technology company. now a dow performer, it's actually the third best performance it the dow. it has provided a lot of spark no doubt in the rally for the dow and the s&p 500 and nasdaq. a gigantic company here with its tentacles in many different types of companies and a different industries including the telecommunications industry. and the stock here popping above what had been some resistance at $22.00 a share over these numbers. said its january 1st this stock is up 38% so it's definitely being the nasdaq 100 and the recent it's because of all the recent notes in the recent weeks, and the quarterly results at the higher end of estimates. you take a look at the stock chart over the last six months, it has behaving pretty rationally in terms of the way technical analysts would take a look at it. it tends to bump up against some areas of technical resistance as it did in may or june at $20 a share and that went to t

they could me very srt acquisitns. >> susie: alright, emc and cisco. thk you so much for the tip. thk you so much, art, for coming on the ogram. >> susie: guest tonight: art hogan chief market analystt jefferies and mpany. >> paul:ome depot's second arter earnings fell 7% as it cut costs to offseweak sales. excluding items, t home- imovement retailer earned 64 cents a share, bting wall street expectations. home depot alsraised its ouook for the full-year as its tal number of transactions i the u.s. increased year-ov- year for the fst time in five ars. saleof small items increased but ho depot says consumers are stilreluctant to spend money on major renovations. >>usie: hewlett packard also reported better th expected quartey earnings after the bell today. excluding items earned 91 cents share, a penny better than analysts expected. revenufor the world's largest maker of personal compers fell 2% to 27 billion. sales of printer suppls, computers and rporate hardware e down. t hp sees some improvements its consumer pc siness. d paul, looking ahead, the company expects to en $1.12 a s

they could mak very sma acquisitio. >> susie: all ght, emc and cisco. thanyou so much for the tip. thanyou so much, art, for coming on the prram. >> susie: myuest tonight: art hogan chief market analyst a jefferies and coany. >> paul: he depot's second quter earnings fell 7% as it cut costs to offset ak sales. excluding item the home- imprement retailer earned 64 cents a share, beang wall street'sxpectations. home depot also ised its outlk for the full-year as its tol number of transactions in the u.s. increased year-over year for the fir time in five yes. sales small items increased but homeepot says consumers are still luctant to spend ney on major renovations. >> sie: hewlett packard also reported better thanxpected quarterlearnings after the bell today. excluding items hparned 91 cents a are, a penny better than analysts expected. revenue r the world's largest maker of personal computs fell 2% to 27.5illion. sales of printer supplie computers and coorate hardware ardown. buhp sees some improvements in its consumer pc buness. anpaul, looking ahead, the company expects to ear$1.1

you know, banks and receipts were very strong yesterday and we have quite decent and solid cisco earnings. one of the big trades has been that volatility has been very high, so i think the short players have been purchasing options to protect themselves against the market really going higher and they're starting to get boxed in honestly, tom. >> yeah, it just builds up more and more buying pressure at this point. you think that's going to blow a cork when the s and p is able to get over 1025 say before the end of the month? >> i think so. there's deals on bonds are so low, big time asset allocation money managers they have to buy stocks. the dividend yields do good, tom. >> all right. we'll leave it there, matt shapiro over at the options exchange in chicago. >>> thursday's market calendar has our weekly look at first time state unemployment claims. the big unemployment number due out on friday of course. out of the belfast food company, wendy's after the close, graphic maker individualia. and communities that popped up during the housing boom are being affected by the bust. plus if you h

they could make very smart acquisitions. >> susie: all right, emc and cisco. thank you so much for the tip. thank you so much, art, for coming on the program. >> susie: my guest tonight: art hogan chief market analyst at jefferies and company. >> paul: home depot's second quarter earnings fell 7% as it cut costs to offset weak sales. excluding items, the home- improvement retailer earned 64 cents a share, beating wall street's expectations. home depot also raised its outlook for the full-year as its total number of transactions in the u.s. increased year-over- year for the first time in five years. sales of small items increased but home depot says consumers are still reluctant to spend money on major renovations. >> susie: hewlett packard also reported better than expected quarterly earnings after the bell today. excluding items hp earned 91 cents a share, a penny better than analysts expected. revenue for the world's largest maker of personal computers fell 2% to 27.5 billion. sales of printer supplies, computers and corporate hardware are down. but hp sees

. >> a week and a half ago we heard from microsoft, this year we hear from cisco, not as bullish as everybody would have liked, yet the mark goes up. that tells you the market we're in. people have bought enough protection, i know we've talked about it time and time again, but 2 to 1 puts to call on a market that's going higher. why are they doing that? they're buying that protection. it prevents them from having the need to have to hit the stock. they don't have to sell, because they have the protection. that allows the market to continue to the up side. >> the mutual funds are here in size, they're picking spots and they put a pseudo floor. up 7% versus up 0.9. this is the largest exporting economy in the world. so the data everywhere is getting better, not just here. >> but you have to look at what's going on here domestically in the u.s., and have to look at the currencies, because those markets are telling you globally what's going on. why is it the dollar today rallied? that has been a different dynamic than what you have seen in the past. good news coming out of the u.s., and the dolla

my friend doug kass, who writes with me at realmoney.com, part of thestreet.com, he told me cisco had a bad quarter. hey, dougie, sorry, that was a good quarter. second, an integral part of the mobile internet tsunami, some would say the backbone, maybe the spinal column, is cisco, but you've got to have others. other infrastructure players. and even though i own cisco for actionalertsplus.com, my charitable trust, the speculative plays really intrigue because they could have huge moves. what are my two faves? the ones who have the most exposure to the future of this industry are ciena, which is still like a lowly $11. and tellabs. both these wireless networks that allow you to have the bigger band width to support the video and mobile services. why do you have to watch the show? remember we had the tellabs ceo on ten days ago in it's a gigantic buyback today. the stock was the only stock that opened up today. you've got to watch the show. please. anyway, how about a play on the equipment needed to enable text messaging? have i ever talked to my children other than through text messag

. >> gene, in 20 seconds, can you cisco me, one of the other four horsemen. >> i don't much, much of a take on cisco, but i can say all of the things we have seen with e thor cap ones, this is a rising tide and i think cisco will go along with the tide. >> you have been syscoed. >> i feel as i say coed. thank you very much. >> coming up, risk appetite has been leading the markets higher. is the rally sustainable? we have a bull and a bear, and they're going to make their call. >> plus, the federal defy sit is saving the world, so says paul krugman. we are going to debate this claim. coming up, only here on "the call." >>> welcome back to "the call" i'm mary thompson. we're going to take a look at some of this month's surprising standout stocks, these five companies getting significant government aid, all handling ask outperforming the s&p up over 5% in the last month. so why the sudden interest in stocks of companies where the government is the biggest stakeholder? is traders point to improving fundamentals at banks and aig. and maybe more importantly, they say, the fact that investo

and even though i own cisco for actionalertsplus.com, my charitable trust, the speculative plays really intrigue because they could have huge moves. what are my two faves? the ones who have the most exposure to the future of this industry are ciena, which is still like a lowly -- and telelabs. both these wireless networks that allow you to have the bigger band width to support the video and mobile services. why do you have to watch the show? remember we had the tellabs ceo on ten days ago in it's a gigantic buyback today. the stock was the only stock that opened up today. you've got to watch the show. please. anyway, how about a play on the equipment needed to enable text messaging? have i ever talked to my children other than through text messaging? okay. you also need local number portability, industry gibberish for the technology that lets you keep your phone number when that changes networks. tekelec. tklc. we've got to round out some equipment plays. you need a company that makes transmission equipment like antennas, rabbit ears, wireless base stations. i need you to look at comsco

cisco you mentioned up 3%.certainly helping a number of these averages here. >> so up next we're coming back with the closing countdown. going to be exciting. >> and then after the bell google shares rallying after being added to goldman sachs's conviction buy list. five years after that $85 a share ipo. we will take a look at tech and what might be worth buying right here, next. hey mom i need some minutes. i just gave you some at the restaurant. yea i know. i threw them out. they were old so... old! they are rollover minutes. they are as good as new. ya know not everyone gets to keep their unused minutes. and these days we can't afford to be wasteful. saving minutes... ...saves money. yea. (announcer) only at&t's family talk with rollover saves your family's unused minutes. and saving minutes saves money. for back to school, get the lg neon for $29.99 after mail-in rebate. ♪ yes, you're lovely... ♪ what do you think? hey, why don't we use our points from chase sapphire and take a break? we can't. sure, we can

from citigroup to cisco, to ford. these managers are saying, wait a second. we don't need to cut any more jobs. let's wait and see. that's exactly what i think we're seeing right now, a cessation of firing until the smoke clears. we know that the june/july period of sustained order growth -- that's from cisco's ceo john chambers, not jim cramer, is the real. it's the reason why none of the rallies we're seeing is necessarily phony. i think they're the real deal. these moves are not to be distrusted out of hand. not after important end that says we're transitioning from less bad to actually better. it stands to reason these companies should begin to build again, with the idea that prices are going to appreciate. now, i disagree if that's their thesis. but they claim to know their business, the hotels, we will travel again. we'll be able to pay off the mortgages that we thought we couldn't. we'll lock in the low advertising rates, we'll be able to model toward 10% employment, not 12%. back-to-school season will be on. and kids will likely get new clothes and sh

. >> i think they are expecting cisco to do fairly well. but the big issue is are they going to be doing well because the business cycle is changing or doing well because inventories have been cut back significantly at all of these. and that remains to be seen. i think it's the latter rather than the former. will we see a bump because inventory is cut back? probably. will it move out over next four or five quarters, remains to be seen. we're pessimistic about that. >> are you seeing options market set up for this in any way shape or form? >> on the next closing hours, how about on "closing bell" i give you that? i like them, i think inventories are low there. that's going to be a positive going forward for guidance and i think webex their communication tool will be a driver as well. >> goldman sachs had a $140 million trading daybreaking the record high. goldman sachs made $50 million last quarter, for more. let's bring in the negotiator, a former goldman sachs employee. what do you make of these simply staggering results here? >> how are y

regarding cisco, the options are relatively cheap. the stock's trading at about 22 1/2, they're coming out with earnings this wednesday and they have 23 options for about 45 cents. so there's another play for a person to take a shot. again, they have to make sure that they're comfortable that they believe in cisco. >> very good. bill, good to see you. thanks for joining us. >>> coming up next, not so civil war in the technology sector, apple rejecting the google apps of the iphone and eric schmidt is suddenly off the board. are they now enemies?s? what does this mean for your money? >>> here's how some of the shares of those companies are doing right now. apple up better than 1%, almost 1.5%. google is up almost 1.75%. we're back in a minute. want before they're gone. u get a fuel efficient 2009 pontiac vibe for $13,708. and, now at participating dealers, check out the cars rebate system, better known as "cash for clunkers." if your trade-in qualifies, you can get $3500 to $4500 on top of current pontiac offers on 10 pontiac models. p

about whether they cut too many jobs from citigroup to cisco, to ford, these managers saying wait a sec, we don't need to cut anymore jobs. let's wait and see, and that's exactly what i think we're seeing now, a sensation of firing until the smoke clears and we know that the june-july period of sustained order growth, that's from cisco's ceo john chambers, not jim cramer, is real. it's the reason why none of the rallies we're seeing is necessarily phoney, i think they're the real deal. these moves are not to be distrusted out of hand. not after important evidence that says we're transitioning from less bad to actually better. the home builders, look burning off housing inventory in the hardest-hit areas and we are, it stands to reason these companies should begin to build again. with the idea that prices are going to appreciate. now, i disagree if that's the thesis, they claim to know their business. the hotels, we will travel more. we'll be able to pay off those mortgages that we thought we couldn't. we'll lock in these low advertising rates that cbs is talking about. we'll be able to

cisco, scheduled to report this week, up 2.6% by the end of the day. helping the nasdaq to its first close over 2,000 since last october. >>> asian markets hit 11-month highs tuesday before profittakers moved in. and the japanese automaker toyota posted its third straight quarterly loss. on the bright side, the company said it expects less red ink for the full year. >>> wall street will be watching this morning when new reports are released on personal income and spending, followed by pending home sales data. >>> keep an eye on whole foods, the upscale grocery chain is due to release its earnings after the market closed today. finally, there may be a few more college students on the beach in south florida this semester. that's because the university of miami law school accepted too many students and they're now offering $5,000 to any admitted grads who will postpone their enrollment until next semester. how's that for a deal? >>> more nfl. news from the docket. last night's baseball highlights from parks around the country. including a diamond back goi

i kept my cisco. stocks up between 20 and 22. sl sl slumberger, wait a second, or cal and cisco, that's two at a time. obama has been smashed to smith reasons. i think any health care stock would be a welcome, welcome move. well played, everyone. stay with cramer. >>> cramer's gone mobile. top stories, lightning round and more. all that plus cnbc's real time quotes. >>> this friday, you don't have to wait until midnight for the madness to start. catch cramer at 11:00 every night of the week. take your double dose of mad money weeknights at 6:00 and 11:00 eastern on cnbc. when i was told i had diabetes, i felt amazingly boxed in. (announcer) joe uses the contour meter from bayer. (joe) my meter absolutely adapts to me and my lifestyle. i'm joe james, and being outside of the box is my simple win. >>> tough market to kill. reminds me of one of my favorite movies. i like to say there's a bull market somewhere. i'm jim cramer. see you tomorrow. >>> you need someone who has the market intuition to be your guy, however the market moves

. >> reporter: my five stocks are slumber, oracle, cisco, csco, general mills, and jenworth financial's go right to it. jen, we have an easy one to do to trim. general mills. i did sell it. i had a good gain, my travel trust. i kept my cisco i own, john chambers doing a pretty good job, stock stuck between 20 and 22, i think it goes higher. jenworth is a life insurer. and slumberger a service firm. and we have oracle, two of a kind. time to buy a health care stock because ob seems to have been smashed to smither evens the way i describe it. i think any health care stock will be a welcome welcome move after you toss out the oracle. well played, everyone. tdd#: 1-800-345-2550 if i'm breathing, i'm thinking about trading. tdd#: 1-800-345-2550 i always have my eye out for a stock on the move. tdd#: 1-800-345-2550 doesn't matter if a company sells computer chips tdd#: 1-800-345-2550 or, i don't know, fish and chips. tdd#: 1-800-345-2550 i'll look at all kinds of stocks before i settle on one. tdd#: 1-800-345-2550 if i think i'm onto something i'll check it out, tdd#: 1-800-345-2550 you kno

you have cisco, big tech story, posting a $46 drop in quarterly profits, rather, $46 billion drop in quarterly profits. some folks, i meant to say percent. some folks say the street wanted a more positive outlook that ceo john chambers delivered. where things sounded more upbeat, sequential order of trends are returning to their normal pattern. the same story, stable day, people like to hear it and sounds like what we're hearing out of cisco, positive read and retailers big story we'll get to you later. >> i want to thank you for hanging out with us, i know you've been going non-stop 12 hours all day. >> my eyes are burning. >> thank you. you are the best of the best. retail, up 1.1%. >> today. >> you described earlier, mediocre chain sales stores report. what you do make of that, still hot retail index. >> there's still a potential of gains in the future and will come out of cost cutting inventories and also upside potential for potential growth for some if say the jobs picture gets better and people say, i'm sick of saving at zero percent interest, i will spend a little money. >> o

you've the oil exxonmobil down .66 percent an a handful of technology like microsoft, ibm, cisco weaker today. dow industrials up 45. >> up next, speaking of adult beverages, why investors in diageo are having their spirits lifted today. we're coming right back. tdd#: 1-800-345-2550 if i'm breathing, i'm thinking about trading. tdd#: 1-800-345-2550 i always have my eye out for a stock on the move. tdd#: 1-800-345-2550 doesn't matter if a company sells computer chips tdd#: 1-800-345-2550 or, i don't know, fish and chips. tdd#: 1-800-345-2550 i'll look at all kinds of stocks before i settle on one. tdd#: 1-800-345-2550 if i think i'm onto something i'll check it out, tdd#: 1-800-345-2550 you know, see what other traders are up to. tdd#: 1-800-345-2550 when everything feels right though, tdd#: 1-800-345-2550 that's when i get serious. tdd#: 1-800-345-2550 and the minute i get into something, tdd#: 1-800-345-2550 i already know when i want to get out. tdd#: 1-800-345-2550 of course, every now and then i'll talk with somebody tdd#: 1-800-345-2550 who knows what i'm trying to do. tdd#: 1-800-

cisco's up from a quarter where terrific ceo john chambers signalled a meaningful turn in orders. should we fret that kodak goes higher or cvs has come back and joined the double-digit party? what about the hold builders that are losing money? are they making us complacent? 44% of the mortgages are under water? way more than the 14 million homes bought when we thought it had been can cordened off? isn't it perilous for hartford to be up so mu

, over 440 at the close tonight, research in motion, $35 on march 9th, more than doubling tonight, cisco out with earnings on wednesday, almost doubling, oracle shy of doubling, ibm up 50%, microsoft, despite the most recent earnings mishap still manages better than 50% gain and with massive cash war chests that many of these companies and an economic recovery that still hasn't gained any real traction yet, there's a thought now that some of these key players in their sectors will continue in rally mode.. back to you. >> stick with us, and for more on the roaring rally, we've got our panel back. let's start with scott richter again, the bull with the fifth third management. are you looking at tech at all? >> yes, dennis, looking at tech. high cash levels, new product cycles coming out, microsoft, for example. and we think it's a part of what the emerging markets need, which is technology to grow their economy. we do like tech. >> tom, you're the editor at etf trends, you're a bull also, this tech incredible rally, it's happened without revenue starting to grow, but we're seeing a snapbac

then after the close, cisco, prudential and news corp. >> we're going to end the show with some emptyalories here. the playmates at the playboy mansion are getting a new neighbor. founder hugh hefner has sold his private residence next door to the iconic playboy mansion for $18 million. of course, in this tough housing market that was $10 million below the original asking price. according to reports, the lucky buyer, anonymous. a wealthy man in his 20s. he'll probably enjoy meeting his new neighbors. i think they are kendra, bridget and holly. that's what the producer in the control room tells me, because he watches it all the time, "the girls next door." before we go, here's the day on wall street. we ended in positive territory, the dow jones industrial average higher by 33 points, 9,320, so above the 9,300 level. nasdaq still holding on to 2,000, a gain of 2.7 points. and the s&p 500, another day above 1,000, gain of 3 points. "fast money" is coming up next. thanks for watching. you have a have a very good night. >>> second-quarter profits rise 11% at kraft foods and the company ra

way to protect h yourself and outright buy that put.h puts are very cheap, buy some h less than 3%, cisco, intel, h google, all had great earnings h reports, the stock ran up, you h can buy puts less than 3% valueh of the stock and protect yourself to the downside, get specific protection on the names rather than broad-based index protection. >> you make the claim high protection there but for other indices, it may not be the way to go for hedging blue chips. >> it is nor correlated to tech names than the s&p is to broad -- >> caterpillar. >> industrial. >> let's move on here. that's right. that would be the theme of 2001, a space odyssey. a subtle nod for you, some might say space-aged set but perhaps those that know this show know if there's cheesy music, it can only mean one thing, thoughtful discussion meaning derivatives, time for put up or shut up, where they agree over the stock but duke it out over derivative strategies. the judge herself steps into the ring, stacey versus mike. we know dan can't possibly lose or maybe he can find way. you're at the beach there. jcpenney's release

cisco and some of the tech stocks also helped the major indices. i'm talking about the s&p 500 and of course the nasdaq. that stock also moving up a little after 1:00 eastern time. how about some of the real estate investment trusts, some of the financials, and some of the ones that were related to more cyclical names? did very well throughout the day. we had a great day. most of them up 4%, 5%, 6%. this one of the big office real estate investment trusts. but the real strength was in the financials. and certain what we call outlying financials. aig we talked about all day. bottom line is very simple here. there's only 134 million shares outstanding of aig after that 20 for 1 reverse stock split. how many trade today? over 130 million. the entire float of the company traded in a single day. when you have that happen it's very difficult to maintain short positions and that's what's going on. this may be a second short squeeze here. quick look at citigroup. those who think technicals are nonsense, citigroup hit 4.26, its 200-day moving average a litt