div > div.group > p:first-child"> Legacy tech stocks including Apple, Cisco and IBM have topped the blue-chip index in 2019, while Microsoft and Intel rally not far behind.
"By the numbers, they pretty much look the same, all of them up about 40% from the lows and about 25% year to date. But only one of them has been doing that and also making multiyear highs, and that's Cisco," Cappelleri said Wednesday on CNBC's"Trading Nation." "Is that outperformance a little bit too much, too soon? I think the second chart suggests the answer is yes." Cappelleri said."This [relative strength] level, it's at about 80, it's pretty extreme. We last saw this back in early 2018 and over the next few months or so … it did underperform the S&P.""The silver lining is that this did not wreck its uptrend.
"I like IBM, not necessarily because I think the business is going to really rocket, though I do think the acquisition of Red Hat is going to be positive going forward," Schlossberg said on the CNBC segment."I really like it because it's got a 4.5% dividend and in this environment where 2.5% yield on the 10-year is pretty much all you're going to see for a long time, I think it's going to attract some value plays.
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