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Cisco soars but doesn't lift whole market

May 16, 2013: 12:10 PM ET

Cisco's CEO John Chambers no longer dictates the moves in the broader stock market. Or even just the Nasdaq. Stocks were relatively flat Thursday.

But he still must be smiling. Cisco's (CSCO) stock rallied more than 10% following a blowout quarter.

Chambers told investors that he's encouraged by the "good signs" he sees in the economies of the United States and the rest of the world. Several traders on StockTwits shared that view.

daytradingshrink
$CSCO chambers was energetic and bullish in that interview. chambers speaking is actually a plus now. cisco may touch 25 today

Cisco's gear helps build the computer networks and infrastructure that power some of the world's largest corporations. Chambers used to be able to move the market with calls about tech spending. But investors clearly want more than just cheery talk in a market where major indexes are already up between 15% and 17% for the year.

traderrick1
$CSCO reminds me alot of $GE. Both have no more Juice to move a market..

Cisco might not give rocket fuel to the rest of the market, but its internal juice was pretty tasty to most investors. Few traders on StockTwits were willing to bet against Cisco Thursday.

ParrParr
$CSCO You gotta be long this thing Bullish

BPGAG
$CSCO this is a big move in #Cisco posts #earnings - we played it last night, but never thought this move would surge this high #trading'

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Maureen Farrell
Maureen Farrell
Staff writer, CNNMoney

Maureen Farrell is a staff writer at CNNMoney and covers Wall Street, banking, mergers and the stock and bond markets. Prior to joining CNNMoney, she covered venture capital and entrepreneurs for Forbes, and mergers and bankruptcy for Mergermarket and Debtwire, both divisions of the Financial Times.

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Stupid Stock Move of the Day
#StupidStock Move of the Day! $BBY up 5%? So yesterday's earnings report never happened?
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