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Cisco (CSCO) & Americold Realty (COLD): Two Income Stocks to Watch

Up first in this week’s income spotlight was Cisco CSCO, which just released its most recent quarterly earnings results. The legacy tech giant saw adjusted earnings of 70 cents per share, topping the Zacks Consensus Estimate by a penny and improving 15% from the year-ago period.

Meanwhile, revenue was up 6% to touch $12.84 billion, which also beat the Zacks Consensus Estimate. Cisco cited robust performance in its Security and Applications segments as key top-line drivers. These units notched revenue growth of 10% and 12%, respectively, in the quarter.

Cisco management also issued strong guidance, with Q1 2019 revenues expected to grow between 5% and 7% and adjusted earnings projected to fall in the range of 70 to 72 cents per share. This top-line growth is in line with the most recent quarter, while this earnings projection is upbeat compared to the latest Zacks Consensus Estimate of 69 cents per share.

In response to this strong earnings report, Cisco shares gapped up in morning trading Thursday. On the first half of today’s video, Ryan digs into these results and highlights CSCO’s one-day trading.

Later, Ryan puts the spotlight on Americold Realty COLD. Americold is a REIT focused on owning and operating temperature-controlled warehouses. It boasts the largest network of these sort of facilities in the world, making it a dominant force in global food distribution and retail industries.

COLD has been soaring since its IPO earlier this year, with shares adding about 30% from their already-raised debut price. Meanwhile, the stock is sporting a Zacks Rank #2 (Buy) and offers a dividend yield of about 3.2% right now.

Americold is trading at about 20x earnings, which is a slight premium to its industry’s average, but the company has seen solid earnings estimate revisions since its most recent quarterly report and appears to be one of the more interesting REIT plays available right now.

In today’s video, Ryan highlights COLD’s performance since its IPO and tracks the latest estimate revisions to get a sense of where this stock could be heading next.

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