Jim Cramer Recommends Nucor and Cisco After Earnings

Cisco Systems experienced a significant boost in its stock price, rising over 8% after the company released a better-than-expected earnings report. This marked a notable turnaround for the networking giant, which reported its first robust quarter of orders in "a very long time," according to financial commentator Jim Cramer. Cramer emphasized that Cisco's performance is closely tied to its order flow, indicating a positive trend across various sectors, including fashion and food. Cramer expressed optimism about the stock's upward movement, stating, "Good to see it go up," while also advising caution. He described Cisco as a "troubled franchise" but acknowledged the current positive momentum. Cramer suggested that investors might consider taking profits by selling some shares at this peak. In related market news, shares of Nucor, a major steelmaker, rose by more than 2.5% following an upgrade from Morgan Stanley, which assigned the stock a buy-equivalent rating. Cramer noted that he has been monitoring steel prices closely, anticipating a bottoming out. However, he cautioned investors to remain vigilant, as there is still potential for further declines if prices do not stabilize. Overall, both Cisco and Nucor's stock performances reflect broader market trends, with investors reacting positively to earnings reports and analyst upgrades, while also navigating the inherent risks in the current economic climate.