
NASDAQ:CSCO
Fantastic entry point now for a great tech company. Growth and dividend growth are here. He also owns Microsoft, well-positioned and will grow, but not cheap now.
This is a core position for him. They are comparable to MSFT, moving from a hardware to a software service company. They are a core supplier to autonomous driving and 5G deployment. A Top 10 holding and he has a target of $56.
Take profits from Microsoft and buy Cisco? He has in the past, so it's not a bad idea to pare it down a bit. He also owns Cisco and sees nothing wrong with this strategy.