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[Ulisses Pereira]

"Visa, Cisco Highlights Clouded by European Woes"

By Jim Cramer
RealMoney Columnist
2/4/2010 6:57 AM EST


"Forget Visa (V - commentary - Trade Now). Who cares about Cisco (CSCO - commentary - Trade Now)? I am worried about Portugal!

Just giving you the only view that matters these days, the view that makes 2010 so hard: Europe's a mess and a competitive mess that makes people think our house is more in order than we thought.

You sell the stocks of the house that's in the best order.

I pondered the other day the incredible notion that if the dollar goes from 1.43 to 1.34 euro over the course of month or two that's so much more important than Visa or Cisco or Novellus (NVLS - commentary - Trade Now) or any other company that seems to be saying that things are darned good.

It is tough enough to deal with companies like Seagate (STX - commentary - Trade Now), where my friend Ken Shreve of the Market Movers newsletter believes that the chart looks bad even though the fundamentals look great, the dollar's making the entire S&P 500 look like it has to retest where this move started.

Is there any hope? Yes. Employment claims can change the way we are perceived. Greece and Portugal could fall off the radar screen a la Dubai.

But otherwise, at this pace, we are going to wonder whether Visa and Cisco really were good. Our analysis on them for Action Alerts PLUS -- done without the silly dollar prism -- shows the two best quarters we may have ever seen from these companies in a long long time. (To try our product and see some pretty exhaustive analysis of both after last night's call, click here.)

It would matter on another day.

But because of Lisbon and Athens we don't like Cisco and Visa.

Go figure. "

(in www.realmoney.com)