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Brian Kelly agrees that “market action will probably embolden the bulls,” and also says the march higher probably has legs. However, he raises at least a note of caution. He wonders if events in Egypt are similar to the collapse of Bear Stearns. In other words, is it a precursor of greater trouble to come?
-------CISCOLooking at individual names, Guy Adami was watching the action in Cisco on Friday which closed lower. The decline comes after the stock experienced a 14% sell off on the back of its disappointing earnings.What should you make of it?At current levels Tim Seymour is a buyer. "The margins in their industry may be coming down but I don’t think the stock is broken by any means," he says.Guy Adami agrees that Cisco may be ripe for a trade, but he wouldn't pull the trigger just yet. "It feels like there’s more room on the downside," he says. "If you’re looking for an entry point I think the stock could trade down to $18." And if you're looking for other ideas Adami also says, "I think investors have to have Juniper on their radar." -------TOPPING THE TAPE: SOFT COMMODITIES, FERTS
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