CNBC Investing Club: Cramer’s Morning Take on Cisco 3/30/26

SPEAKER_1 (0:00)

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David Faber (0:28)

Thy ticket, Lady Jennifer of Coolidge.

Jim Cramer (0:31)

Well, many thanks, good sir.

SPEAKER_4 (0:33)

Heareth my Discover card.

SPEAKER_1 (0:36)

They accept Discover at Renaissance Fairs?

Jim Cramer (0:38)

Yeah, they do here.

SPEAKER_4 (0:40)

Discover is accepted at the places I love to shop. Getteth with the times.

SPEAKER_1 (0:45)

With the times?

Jim Cramer (0:46)

You're playing the lute. Yeah, and it sounds pretty good, right? Discover is accepted at 99% of places that take credit cards nationwide.

SPEAKER_4 (0:55)

Based on the February 2025 Nielsen Report.

Jim Cramer (1:00)

Jim Cramer here to share a short preview of my take on the market from today's members only CNBC Investing Club morning meeting. Join the club for full access to the morning meeting every day at 1020 a.m. Visit cnbc.com/morningtake to sign up today. That's one word, morning take.

David Faber (1:21)

So, we decided to sell the rest of Cisco, lock in a very nice gain in a stock that's up year to date, which of course the S&P is down mid single digits, down today. But still like the networking AI story here, the accelerating product orders.

Jim Cramer (1:40)

Right, because look, memory is in short supply, the computer is in short supply. I witnessed this Zora from the product, the Illustrator product from OpenAI.

David Faber (1:50)

Right, Zora.

Jim Cramer (1:50)

And we're not backing away from the ones we love. It's just that this is one that got hurt by DRAM price. And DRAM price has not stopped going higher.

David Faber (2:00)

Yeah, I would flag the Security Division II, it has underwhelmed for several quarters in a row.

Jim Cramer (2:06)

It's a splunk.

David Faber (2:07)

Yeah, it's predominantly splunk. Piper Sandler with a note saying today that they can continue to give away market share consistently. And the business is a low single-digit grower. So we spoke last Friday on our monthly meeting saying how if there was a fly in the ointment, so to speak, in a thesis, we'll bring it up, we'll take action. So we're taking action this morning on oscillator. In a market which, by the way, even after Friday's decline, the oscillator is still not oversold.

Jim Cramer (2:37)

Right, and that made me feel like, look, can you sell some stuff, get the cash position back up, and deal with companies that are tacked, because we don't need more tack. I mean, if I bought more tack, it would be Dell. It would not be Cisco. But I would say, you know, when I saw the oscillator, I said, oh my God, we've gotten nowhere. It's one of the worst weeks. I think one of the biggest problems this market has is it's not been really oversold. Now, obviously, you can say no. What's happened is that the war hasn't been won or anything. But the oversold often gives you a chance to buy before something good occurs. And it's just not been oversold.

David Faber (3:17)

Yeah, it got to minus seven a couple of times. We thought that would be a pretty good time to buy with a one month view. Time will still tell. Time will tell on those trades there.

SPEAKER_4 (3:28)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC or its parent company or affiliates and may have been previously disseminated by Cramer on television, radio, internet or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. To view the full CNBC Investing Club disclaimer, please visit cnbc.com/investingclubdisclaimer.

SPEAKER_1 (4:00)

Trading at Schwab is powered by Ameritrade, giving you even more specialized support than ever before. Like access to the trade desk. Our team of passionate traders ready to tackle anything from the most complex trading questions to a simple strategy gut check. Need assistance? No problem. Get 24-7 professional answers and live help and access support by phone, email and in-platform chat. That's how Schwab is here for you to help you trade brilliantly. Learn more at schwab.com/trading.