58.05 0.00 (0.00%)
After hours: 5:21PM EDT
|Bid||57.95 x 21500|
|Ask||58.05 x 2900|
|Day's Range||57.87 - 58.22|
|52 Week Range||40.25 - 58.22|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||20.14|
|Earnings Date||Aug 14, 2019|
|Forward Dividend & Yield||1.40 (2.42%)|
|1y Target Est||58.92|
Last week's gallery on breakout stocks to buy delivered big-league profits. So we're returning to the well for three more candidates that boast price charts brimming with potential.This week's targets are inspired in large part by the S&P 500, which closed at a new record high of $3,013.77 on Friday. Nothing brings buyers to the yard like a major index touching its highest price in history. It reveals optimism and a risk-on attitude.Last week's demand surge was aided in part by Federal Reserve Chair Jerome Powell's testimony before Congress that all but confirmed the market's expectation for a rate cut at the upcoming July 31 meeting. Betting markets peg the odds of a quarter-point cut at 72% and a half-point cut at 28%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dependable Dividend Stocks to Buy Without further ado, check out these three breakout stocks to buy. 3 Breakout Stocks to Buy: Cisco (CSCO)Source: ThinkorSwim Friday's rally for Cisco (NASDAQ:CSCO) succeeded where its predecessor did not. Last month's breakout attempt over $57.50 was met with rejection and sharp selling. Friday's bid, however, powered through the ceiling and closed at a new 52-week high.With the gain, CSCO stock officially ended its three-month consolidation zone and signaled that the next stage of its uptrend is upon us. I'd use $60 as the first upside target. It would take a break below the 50-day moving average at $55 to invalidate the bullish backdrop. So until then, the path of least resistance is higher.At 41%, the implied volatility rank is fiddling in the middle of its range. Couple that with earnings coming over the next month, and I think bull call spreads are the way to go.Buy the Sep $57.50/$60 bull call spread for around $1.20. Home Depot (HD)Source: ThinkorSwim Home Depot (NYSE:HD) was one of the best stocks on the board Friday. The retailer surged 2% on heavy volume to a new all-time high. On the technical front, there's nothing not to like about its price action. The 20-day and 50-day moving averages are trending higher to confirm buyers' dominance of the short- and intermediate-term trends.A few accumulation days have cropped up over the past two weeks to signal institutions are wading into the waters. As far as options go, implied volatility is in the basement revealing an utter lack of uncertainty in the stock. That means prices for derivatives are dirt cheap. Long calls and call spreads offer great low-risk, high-reward bets right now. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond If you think the good times continue to roll, then buy the Sep $220/$230 bull call spread for around $3.75. Spotify (SPOT)Source: ThinkorSwim Last week's rally ushered Spotify (NYSE:SPOT) to the cusp of a clear breakout zone. In fact, SPOT stock looks better than at any time since last year's IPO. This summer's recovery pushed shares of the streaming music service back above all its major moving averages for the first time.The base built throughout 2019 should serve as a solid foundation to build an uptrend from if buyers decide to press their advantage here.If SPOT can clear $155, look for a run toward the next ceiling of $170. To capitalize, buy the Oct $160/$170 bull call spread for around $3.30.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 3 Breakout Stocks to Buy appeared first on InvestorPlace.
Heavy buyback action has contributed to outperformance by tech stocks in 2019, but the cash available for future share repurchases is running low.
Telecom gear supplier Ciena is the IBD Stock Of The Day. Ciena is trading near an 11-year high after the Cisco Systems acquisition of Acacia Communications raised the profile of its peers.
The New England region grabbed 8.9 percent of second quarter deal count and 8.9 percent of second quarter deal value, according to a new report.
The 30-stock index closes above the 27,000 mark for the first time. It took nearly 372 days for the blue-chip index to cross the 27,000 mark from when it reached the 26,000 mark in January 2018.
The stock market hit highs this week as Fed chief Jerome Powell signaled a July 31 Fed rate cut. Cisco will buy Acacia, Delta earnings beat, Cigna soared on a drug rebate rule reversal.
The index endured a turbulent week but gained after the Fed Chair indicated that a rate was likely later this month.
Analysts are somewhat split on how much sense the deal makes. It would be Cisco's second-biggest under CEO Chuck Robbins.
Cisco Systems has decided to acquire its supplier Acacia Communications for ~$2.6 billion in cash. How will each company benefit?
ORLANDO, Fla., July 11, 2019 /PRNewswire/ -- Fifty years ago next week, a Saturn V rocket launched the Apollo 11 and the world was never the same. To mark the momentous occasion that led to man's first steps on the moon, the Apollo 50th Gala will take place on July 16 at the iconic Apollo/Saturn V Center at the Kennedy Space Center Visitor Complex. Most of us remember the names of Neil Armstrong and Buzz Aldrin, but it took a huge team of 400,000 to make Apollo 11 a success.
Shares in Cisco Systems (NASDAQ:CSCO) haven't been this hot in 20 years. Back then, Cisco briefly reigned as the world's most valuable company, its switches and routers being at the heart of this new thing called "the internet."Source: Shutterstock Those days are gone, along with the sweet, sad song of your dial-up modem. But Cisco stock is up 33% so far in 2019. The bull run continued July 10 as analysts applauded its $2.6 billion buyout of Acacia Communications (NASDAQ:ACIA), due to close at the back end of a fiscal year that begins in August.Acacia was already supplying optical interconnects for Cisco switches. Buying the company gives Cisco intellectual property it can use to keep selling gear to both the Cloud Czars and their retinue, the co-location sites, telcos and scaled enterprises that are constantly demanding more speed from their connections.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut is this an offensive or defensive move? Fighting HuaweiOf all the large U.S. tech companies, none is as much in the crosshairs of China's Huawei as Cisco.Huawei was the main target for President Donald Trump in the China trade war, but this week's relaxation of those sanctions means its lower-cost networking gear is back in the frame, at least for international buyers. * 7 Retail Stocks to Buy for the Second Half of 2019 The companies I call the Cloud Czars -- Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Facebook (NASDAQ:FB) -- are always focused on cutting costs in their data centers, where capital spending now costs $100 billion per year.Low-cost, commodity hardware built with open-source standards always has an advantage in this market, against any proprietary solution. Huawei sales have risen nearly 10-fold in the last decade.As the relationship between Huawei, with its low costs, and U.S. companies thaws, Cisco needs control of patented technology to stay relevant. The result has been a buying spree. It bought Duo Security last year for $2.35 billion in cash and stock; then chip maker Luxtera for $660 million in cash and assumed equity; and, now, Acacia. Cisco Stock Is Not CheapIndustry analysts and market analysts all approve this strategy, which is why Cisco is a hot stock.At around $57 per share, Cisco has a market cap of $244 billion. By some metrics, the price is still reasonable -- the trailing price-to-earnings ratio is under 20, and it offers a 35-cent quarterly dividend yielding 2.5%. But until this year, Cisco was considered a dividend aristocrat, not a growth play.As one analyst (OK, it was me) wrote last year, "boring can be beautiful." Even in May I called Cisco a conservative tech investment, suggesting you just put it in your pocket and let time work its magic.That article was published soon after I took my own advice and stuck some Cisco in my own retirement account, at about $51.40 according to my bookie. (OK, it was my broker.) I'm up 10% in three months, plus there's that dividend, still better than the 2.07% yield on a 10-year government bond. The Bottom LineCisco is still Cisco. It's not BeyondMeat (NASDAQ:BYND). This is not 1999. My red beard is not coming back.The moves CSCO stock has made in the last year, and the moves it will continue to make, are primarily defensive in nature. Cisco CEO Chuck Robbins knows that, as hardware becomes software, maintaining a proprietary edge against low-cost solutions remains essential.That's going to cost money. Cisco is spending money. It had nearly $25 billion in cash and short-term securities in the bank as of March. Acacia represents just over 10% of that cash, a small price to pay for protecting its exposed flank.Just be aware. That flank remains exposed.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in MSFT, AMZN, AAPL, and CSCO. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on College Students' Radars * 7 Retail Stocks to Buy for the Second Half of 2019 * The S&P 500's 5 Best Highest-Yielding Dividend Stocks The post Cisco Stock Investors Party Like Itas 1999. Itas Not. appeared first on InvestorPlace.
Bank of America's Tal Liani maintained a Buy rating on Cisco with an unchanged $62 price target. Cisco offered to acquire Acacia for $2.6 billion in what looks like a "defensive and offensive move," Liani said in a Wednesday note. On the offensive side, the deal will expand Cisco's switches and routers through adding new use cases and target markets, the analyst said.
In the Dow Jones Industrial Average, Cisco Systems and American Express popped nicely, lifting the stock index. The blue chip Dow was on track to end a three-day losing streak.
This morning, US index futures surged after Federal Reserve Chair Jerome Powell’s testimony raised the possibility of a near-term cut in interest rates.
Palo Alto's (PANW) acquisition of Twistlock will solidify its comprehensive cloud security strategy, Prisma, thereby providing better vigilance to the acquired entity's journey to the cloud.
The following are not Dogs of the Dow stocks in 2019, but risky looking price charts hint at looming dogged price action in 3M (NYSE:MMM), Caterpillar (NYSE:CAT) and Apple (NASDAQ:AAPL). And the always real possibility of these companies making that list next year is a strong reason to short MMM, CAT and AAPL stock today.Dow Jones stocks sometimes go up and at other times, they go down. Mostly these days, it happens to be the case the bulk of these blue-chips go up. For its part the bellwether average is up nearly 15% on the year and roughly 1% removed from its recent all-time-highs.At the same time, leading Dow constituents Microsoft (NASDAQ:MSFT), Cisco Systems (NASDAQ:CSCO), American Express (NYSE:APX) and Visa (NYSE:V) are up roughly 30% to 35% in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe gains are certainly nice, as are AAPL stock's own outperformance of nearly 27%. Still, what goes up does eventually go down. And CAT stock's relative under-performance of 5% and MMM stock's decline of nearly 13.50% are testaments of this cyclical certainty. And if the price charts allow, sometimes investors are even offered a well-placed short stock opportunity. * 10 Stocks to Buy on College Students' Radars With that in mind, MMM, CAT and AAPL stock are in this technically perilous situation right now and ready for shorting. And if today's bearish price patterns behave really dogged in 2019's second half, these three shorts might even land on next year's yield-driven Dogs of the Dow list for buying. 3M (MMM) Click to Enlarge3M is our first bearish Dow Jones stock to short. MMM stock is the worst performer of today's three names. And right now, the chart is offering a good entry point to profit from continued weakness.The weekly chart points to MMM stock following through on the downside out of a bearish flag. The pattern has formed inside a former support area comprised of key Fibonacci levels which failed this past spring and have turned into staunch resistance.The MMM Stock TradeWith shares already confirming the pivot high within the bear flag and stochastics forming a bearish crossover from neutral levels, MMM stock looks like a short today. I'd suggest a stop loss of 8% to contain potential losses and smartly exit if resistance is overcome. Optimistically though, a profitable trend for bears could put shares back toward the 2016 lows near $125. Caterpillar (CAT) Click to EnlargeCaterpillar is our next Dow Jones stock to short. CAT stock is already showing relative weakness this year. But if a weekly price chart showing lower highs and a couple bullish trend failures since late last year have any say, conditions are going to get worse.Bearish operators also have a nice spot to short this Dow Jones stock with limited risk and potentially outsized rewards. Following June's rally, shares have formed a pivot top within a countertrend rally against resistance.The CAT Stock TradeMy recommended strategy in CAT stock is to wait on a short through last week's topping candle low of $133.22. That price confirmation should also help a stochastics set-up that's currently on the cusp of turning lower and signaling a bearish crossover. * 10 Best Stocks for 2019: A Volatile First Half For this Dow Jones stock short I'd suggest a 9% stop and size the position accordingly. Similar to MMM stock, this exit limits losses and closes the position if pattern resistance fails. On the downside, I'd look to take partial and much larger profits on a test of last year's corrective low near $110. Apple (AAPL)Apple is our third and final Dow Jones stock to short. AAPL stock's gains this year are nothing to sneeze at, but a second lower high pivot on the weekly view doesn't look good. And with price action set against a former trend line, the current cycle's 76% resistance level and a mostly favorable-looking stochastics position, an AAPL short looks even better.The AAPL Stock TradeWith Apple stock confirming a pivot high this week as shares moved through $200.65, shares could be shorted today while using a stop-loss above the pattern's candlestick high of $205.08.But I'd wait.Since this Dow stock finished Tuesday modestly above the short signal price, I like placing Apple shares on the radar for shorting on a bearish re-cross of $200.65 for additional confirmation. The entry is also contingent on last week's high remaining intact and of course, using it for keeping risk well-managed off and on the price chart.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy on College Students' Radars * 7 Retail Stocks to Buy for the Second Half of 2019 * The S&P 500's 5 Best Highest-Yielding Dividend Stocks The post 3 Technically Fragile Dow Stocks to Short appeared first on InvestorPlace.
Jul.10 -- Guy Diedrich, vice president and global innovation officer at Cisco Systems Inc., talks about the agreement to buy Acacia Communications Inc.. He also discusses fifth-generation wireless technology, and the trade disputes between the U.S. and China. He speaks on "Bloomberg Daybreak: Australia."