Top 3 Stocks from 24/7 Wall St.’s Corporate Power Rankings (CSCO, WMT, MCD)

247WallSt.com

247WallSt.com brings us the Corporate Power Rankings of the thirty-two most important companies in America.  Topping the list this week are heavy weights Cisco Systems (NASDAQ:CSCO), Wal-Mart Stores (NYSE:WMT) and McDonald's Corp. (NYSE:MCD).

The big winner, Cisco Systems (CSCO) shares have increased 38% in the last 12 months, its stock has traded from $13 to $25 and today its holding steady at $23.62.  Last week Credit Suisse raised the estimates and price target for Cisco Systems, Inc. (NASDAQ: CSCO) from $28 to $32. The estimates have been raised after the company reported a strong second-quarter. Cisco reported EPS of $0.40 on revenue of $9.82 billion for the second-quarter. This was ahead of Credit Suisse’s EPS estimate of $0.35 on revenue of $9.40 billion.

The company also issued guidance for the third quarter. The company expects revenue to grow by 23%-26% in the third quarter. According to Credit Suisse, the strong quarter and outlook point to a further recovery in business conditions, and the company’s earnings power.

Back to the top three winners and the comments from 247Wallst.com:

Company Rank (last week) Symbol Comment
Cisco 1 (8) CSCO Posts monster results for last quarter and impressive outlook ahead. Also say it will begin to add jobs. Multiple Wall St. analyst upgrades.
Wal-Mart 2 (4) WMT January retail sales strong across most categories and large retailers. Employments numbers a plus. Fires 300 people at headquarters showing Walton’s can still save money.
McDonald’s 3 (3) MCD Burger King results show consumer spending movement toward fast food. Goldman Sachs gives Big Mac prospects a thumbs up. Who says $1 coffee doesn’t have fans?

 

Links to Google Finance:

Ticker  Company Price Change Chg % Mkt Cap
CSCO Cisco Systems, Inc. 23.62 -0.08 -0.34% 135.88B
WMT Wal-Mart Stores, Inc. 52.93 -0.52 -0.97% 201.67B
MCD McDonald's Corporation 62.92 -0.45 -0.71% 67.90B

Review the full list at 247Wallst.com - Click Here>>

SOURCE: http://247wallst.com/2010/02/08/247-wall-st-s-corporate-power-rankings-week-5-2/

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