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Highlights of stocks discussed on CNBC’s Fast Money Halftime Report Program, Wednesday July 27.

The Fast Money traders were split on their views of the global growth story and which stocks to buy or sell.

Juniper Networks, Inc. (JNPR) – Down 20%

Cisco Systems, Inc. (CSCO)

Steve Cortez was bearish on the names and stated:

“This confirms what we’ve already seen and known from (CSCO), that networking is in trouble. These companies are victims of government austerity particularly at the state and local level but, also at the federal level worldwide ... I see further downside.”

Brian Kelly was bearish as well and added:

“Enterprise spending had been a pillar of the economy. That was holding things up. But we’re starting not to see that. You can now start to draw conclusions about the economy.”

Juniper designs, develops and sells products and services that provide network infrastructure used for the deployment of services and applications over a single Internet Protocol (IP) based network worldwide. The company is trading significantly below analysts' estimates. Juniper has a median price target of $43 by 35 brokers and a high target of $50. The last up/downgrade activity was on Jul 27, 2011, when Oppenheimer downgraded the company from Outperform to Perform.

Cisco designs, manufactures and sells IP-based networking and other products related to the communications and information technology industry worldwide. The company is trading significantly below analysts' estimates. CSCO has a median price target of $20 by 36 brokers and a high target of $28. The last up/downgrade activity was on May 12, 2011, when Robert W. Baird downgraded the company from Outperform to Neutral.

IBM (IBM)

Zach Karabell was bullish on the name and stated:

“Government austerity as a binary event, in other words, it's not negative for every company. IBM is seeing an increase in business from government because government needs to become more efficient.”

IBM provides information technology products and services worldwide. The company is trading on par with analysts’ estimates. IBM has a median price target of $180 by 21 brokers and a high target of $205. The last up/downgrade activity was on Apr 11, 2011, when Canaccord Genuity downgraded the stock from Buy to Hold.

Caterpillar Inc. (CAT)

Deere & Company (DE)

Stephen Weiss was bearish on the names and the global outlook and stated:

“The slowing economies of Europe and the U.S. is already starting to affect global growth stocks ... look at the weakness in Caterpillar and Deere today.”

Caterpillar manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The company is trading below analysts’ estimates. Caterpillar has a median price target of $135 by 16 brokers and a high target of $150. The last up/downgrade activity was on Jun 16, 2010, when Jefferies initiated coverage on the company with a Buy rating.

Deere & Company provides products and services primarily for agriculture and forestry worldwide. The company is trading significantly below analysts' estimates. DE has a median price target of $109 by 13 brokers and a high target of $116. The last up/downgrade activity was on Nov 19, 2010, when UBS upgraded the company from Neutral to Buy.

Corning Incorporated (GLW)

3M Co. (MMM)

Comments from these companies added to the belief that a global slowdown was eminent.

Corning CEO Jim Flaws said:

"There is a sense that the economies around the world are not growing as fast as people had originally hoped. This statement was augmented by 3M warning of falling TV prices earlier this week."

Corning manufactures and processes specialty glass and ceramics products worldwide. The company is trading significantly below analysts' estimates. Corning has a median price target of $25 by 18 brokers and a high target of $30. The last up/downgrade activity was on Dec. 3, 2010, when Standpoint Research initiated coverage on the company with a Buy rating.

3M Company, together with subsidiaries, operates as a diversified technology company worldwide. The company is trading significantly below analysts' estimates. 3M Company has a median price target of $108 by 17 brokers and a high target of $125. The last up/downgrade activity was on Apr 28, 2010, when Barclays Capital upgraded the company from Equal Weight to Overweight.

Dunkin’ Donuts (DNKN)

The Fast Money traders had mixed views on the name.

Zach Karabell was bearish and said:

” I would not dunk into this stock at current prices. I’m not that excited about the company. I wouldn’t place my bets on robust spending of the middle class.”

Steve Cortez was bullish and stated:

“I love Dunkin’ coffee, and I see this as an affordable luxury. I’m a buyer.”

Dunkin' Donuts is one of the world’s most recognized brands and is the world's leading baked goods and coffee chain, selling almost 2.5 million donuts a day and more than 1 billion cups of coffee a year. The original Dunkin’ Donuts experience was a single cup of coffee with a donut. Today Dunkin’ Donuts offers a wide range of coffee, coffee-related beverages, baked goods and an expanding all-day Oven-Toasted menu. The company’s IPO today was successful and traded up after pricing at $19.

Source: CNBC's Fast Money Halftime Recap: Global Growth Debate Buys and Sells