The Dow Jones Industrial Average closed Friday above 28000 and these stocks didn’t do much to help. TheStreet’s expert analyst team calculated the worst performers in the Dow from the week that ended at this record-setting high.
1) Cisco Systems Inc (CSCO – Get Report) | Percentage Decrease: -7.66% | Friday Closing Price: $45.09 Cisco posted stronger-than-expected earnings but shares slumped after softer guidance due to uncertain conditions for the rest of 2019. Jim Cramer was concerned before Cisco reported their quarterly earnings after speaking to Jayshree Ullal, CEO of Arista Networks about a pause in spending that could impact Cisco. Technical Analyst Bruce Kamich looked at what’s next for Cisco and Nicholas Ward believes this could be an opportunity for long-term investors to buy shares at a