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Wall Street Brunch: Price Perturbation Replaces Jobs Jitters
Seeking Alpha· 2024-08-12 02:19
kody king Listen below or on the go on Apple Podcasts and Spotify A soft CPI could mean a half-point Fed cut, but also hit stocks. (0:14) Walmart leads retail earnings. (2:33) Disney announces new films, attractions. (6:50) The following is an abridged transcript: Remember inflation? After fixating on the employment situation, the markets will get their fix of consumer and producer prices this week. The big show will be on Wednesday when the July CPI is due. The consensus is for a 0.2% monthly rise ...
Can Cisco (CSCO) Stock Regain Momentum After 9.3% YTD Dip?
ZACKS· 2024-08-10 00:35
Cisco Systems (CSCO) shares have declined 9.3% year to date, underperforming the Zacks Computer & Technology sector’s return of 10.6%. It has been suffering from sluggish networking sales, primarily due to lackluster demand from telecommunication and cable services providers, as well as stiff competition. Cisco’s prospects are further challenged in the AI-driven networking space due to stiffening competition aggravated by Hewlett Packard’s (HPE) pending deal to acquire Juniper.Cisco’s Q4 Forecast CloudyCisc ...
Cisco axing thousands of jobs in second round of layoffs amid shift to AI: report
New York Post· 2024-08-09 23:40
Cisco will cut thousands of jobs in a second round of layoffs this year as the networking equipment maker shifts focus to higher-growth areas, including cybersecurity and AI, people familiar with the matter said.The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February, and will likely be announced as early as Wednesday with the company’s fourth-quarter results, said the sources, who were not authorized to speak publicly.Reuters exclusively repo ...
Countdown to Cisco (CSCO) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2024-08-09 22:15
The upcoming report from Cisco Systems (CSCO) is expected to reveal quarterly earnings of $0.85 per share, indicating a decline of 25.4% compared to the year-ago period. Analysts forecast revenues of $13.52 billion, representing a decrease of 11.1% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this t ...
3 Tech Stocks to Sell in August Before They Crash & Burn
Investor Place· 2024-08-09 00:07
The tech sector has been an area of strength for many years. It’s propelled the S&P 500 and the Nasdaq Composite to new heights. However, there are some tech stocks that don’t have enticing growth prospects anymore. Generating returns in the stock market isn’t just about which stocks you buy. It’s also about which stocks you sell and avoid. The U.S. economy is facing some challenges amid discouraging jobs data and an election cycle. Many stocks are in corrections and present buying opportunities for patient ...
Two Stocks I'm Buying This Month With Attractive Dividends Offering Double-Digit Upside Potential
Seeking Alpha· 2024-08-08 21:00
SrdjanPav Introduction Due to recession fears, the market has continued to experience a steep sell-off. Looking at my portfolio, my REIT positions are still doing pretty well. As an income investor, these play an integral part in my ability to live off my dividend income in the next 5-7 years. In chaos, there is always an opportunity, and although the month of August is just beginning, I've taken advantage already, purchasing shares in two dividend-paying companies. In this article, I give investors var ...
3 Internet of Things Stocks That May Connect the Future
Investor Place· 2024-08-07 18:30
Tech stocks, including Internet of Things (IoT) stocks, are having a very tough time lately.Increased market tension is powered by a highly unstable geopolitical environment that has led to a sharp market selloff. However, this environment could offer fertile ground for buying opportunities. Many IoT stocks, which have been beaten down lately, now trade at attractive valuations. They seem well-positioned to keep benefiting from the ongoing trend of “connecting the future.”For context, IoT stocks refer to co ...
Here's Why Cisco Systems (CSCO) Gained But Lagged the Market Today
ZACKS· 2024-08-07 06:51
Cisco Systems (CSCO) closed the latest trading day at $45.16, indicating a +0.94% change from the previous session's end. This move lagged the S&P 500's daily gain of 1.04%. Meanwhile, the Dow gained 0.76%, and the Nasdaq, a tech-heavy index, added 1.03%.The the stock of seller of routers, switches, software and services has fallen by 2.87% in the past month, leading the Computer and Technology sector's loss of 13.91% and the S&P 500's loss of 6.74%.The investment community will be paying close attention to ...
Cisco Schedules Conference Call for Q4 and Fiscal Year 2024 Financial Results
Prnewswire· 2024-08-06 20:00
文章核心观点 - 思科公司将于2024年8月14日发布2024财年第四季度及全年财报 [1][2][3][4] - 财报将通过新闻稿和网络直播的方式发布 [2][6][7] - 思科是全球领先的技术公司,致力于为客户提供安全可靠的连接解决方案,助力客户实现应用创新、混合办公、企业安全、基础设施转型和可持续发展目标 [8] 公司信息 - 思科(NASDAQ: CSCO)是全球领先的技术公司,专注于提供安全可靠的连接解决方案 [8] - 思科的使命是为所有人创造一个更加包容的未来 [8] - 思科的商标和标识受到法律保护,未经授权不得使用 [9] 财报发布信息 - 思科将于2024年8月14日下午1:30(太平洋时间)/ 4:30(东部时间)发布2024财年第四季度及全年财报 [3][4] - 财报将通过新闻稿和网络直播的方式发布 [2][6] - 财报发布后将提供电话回放服务,并在思科投资者关系网站上提供录音回放 [7] 联系方式 - 投资者关系联系人: Sami Badri, 469-420-4834, [email protected] [10] - 媒体联系人: Robyn Blum, 408-930-8548, [email protected] [10]
3 Top Stock Picks for Building Long-Term Wealth
Investor Place· 2024-08-03 21:00
On Wall Street, finding the right long-term wealth-building stocks is key to enhancing your investment portfolio. As 2024 progresses, investors are focusing on growth strategies that balance risk and reward. Wall Street’s history highlights long-term stock investing as crucial for financial success.McKinsey advises against being swayed by short-term market noise, stressing the importance of stability and steady returns. The S&P 500‘s mean annual return of 9% (including dividends) from 1996 to mid-2022 illus ...