On CNBC's "Fast Money Halftime Report," Jim Lebenthal spoke about Cisco Systems, Inc. (NASDAQ: CSCO). JPMorgan downgraded the stock on Thursday, citing a lack of visibility. Lebenthal owns the stock and he's not concerned about the downgrade. He said there is always a lack of visibility in Cisco. He sees it as a macroeconomic play because there's a global demand for hardware and software for staying connected and it's growing.
Brenda Vingiello commented on Mondelez International, Inc. (NASDAQ: MDLZ), which got upgraded by Deutsche Bank to Buy. She owns the stock and said it was a story of the emerging market growth, but that changed recently to the developed market growth as the emerging market was hit harder by the COVID-19 crisis. She still sees an opportunity for the company in the emerging markets over time because it can get the market share from many of the local brands in these parts of the world.
Latest Ratings for CSCO
|Jul 2020||JP Morgan||Downgrades||Overweight||Neutral|
|Jul 2020||Morgan Stanley||Upgrades||Equal-Weight||Overweight|
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