. Cisco just had a good quarter. That's a change of narrative there. Remember, the quarter before that they missed and guided down," he said.
Binger noted the stock trades cheaply relative to the rest of the tech sector. Shares trade at 13 times forward earnings, while theMatt Maley, chief market strategist at Miller Tabak, backs the chips stocks, highlighting one name by way of example.which is breaking out to a new all-time high," Maley said Monday during the same "Trading Nation" segment.
Bitcoin
Nasdaq is up more than 8% so far this month - does that count as sector weakness these days?
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