Cramer's Morning Take: Cisco & Honeywell 7/28/25

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Jim Cramer (0:49)

I'm Jim Cramer, and you're about to hear a sample taken directly from today's CNBC Investing Club morning meeting.

Jeff Marks (0:55)

We did make some trades this morning though. Bought some Cisco, bought some Honeywell.

Jim Cramer (0:59)

Cisco on a downgrade?

Jeff Marks (1:00)

The stock was downgraded today at Evercore. Not a fundamentally driven downgrade, a valuation downgrade with the stock 6% from their price target. They do call the AI thesis compelling, but they think that to fully get credit as an AI stock, Cisco will need to disclose their AI revenues. Right now, they're only disclosing how many orders they're getting, and the orders are great. It was over a billion in total cumulative last quarter. They hit their goal a few quarters early over a billion orders from hyperscale customers.

Jim Cramer (1:33)

Exactly. And what drives me to this is that when I was at GTC, which is the conference for Nvidia, both Chuck and Jensen wanted to meet, they spoke together to me because there was so much business. Now, was that Chuck driving? All I know is that you don't get Jensen idly to sit down with another executive unless the deal is for real.

Jeff Marks (1:55)

Absolutely. And then we bought some Honeywell, consistent with what we said towards the end of last week. Did not think the stock deserved to be down 5% last week. After a beat, a raise to sales, a raise to organic sales, a raise to the adjusted earnings outlook. They're doing strategic reviews of some of the lagging businesses within automation. The spins are all on track, materials in Q4, and then the aerospace next year.

Jim Cramer (2:21)

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