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