CSCO - Cisco Systems, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+0.15 (+0.26%)
At close: 4:00PM EDT
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Previous Close57.03
Bid0.00 x 1000
Ask0.00 x 1100
Day's Range56.69 - 57.29
52 Week Range40.25 - 58.15
Avg. Volume20,595,415
Market Cap244.772B
Beta (3Y Monthly)1.09
PE Ratio (TTM)19.84
EPS (TTM)2.88
Earnings DateAug 14, 2019
Forward Dividend & Yield1.40 (2.45%)
Ex-Dividend Date2019-07-03
1y Target Est58.63
Trade prices are not sourced from all markets
  • Why we're seeing so few IPOs — and why that's bad for investors
    Yahoo Finance14 hours ago

    Why we're seeing so few IPOs — and why that's bad for investors

    One reason why investors may be going gaga over the recent mini-flurry of IPOs (Uber, Beyond Meat, Slack, etc) is the simple fact there are so few of them.

  • The Zacks Analyst Blog Highlights: Microsoft, Cisco, Twitter, Akamai and Cadence Design
    Zacks17 hours ago

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    The Zacks Analyst Blog Highlights: Microsoft, Cisco, Twitter, Akamai and Cadence Design

  • 5 Cybersecurity Stocks to Buy on Simmering US-Iran Tensions
    Zacks18 hours ago

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  • Dow on Pace for Best June: 5 Blue Chip Stocks to Buy
    Zacks19 hours ago

    Dow on Pace for Best June: 5 Blue Chip Stocks to Buy

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  • Zayo's Video Network Solution Chosen by News Broadcaster
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  • The 5 Best Dow Jones Stocks So Far in 2019
    TipRanks2 days ago

    The 5 Best Dow Jones Stocks So Far in 2019

    What a week! The Dow Jones Industrial Average climbed over 2%, after the Fed cheered investors by indicating that it will cut interest rates next month. That sent tech and energy shares soaring- with the Dow climbing nearly 250 points on Thursday and reaching a record high in early trading on Friday. However, shares pulled back later in the day after five Chinese companies were banned from buying US components without approval. Nonetheless the Dow is looking very strong right now- with the index up 15% year-to-date. In particular, the following five stocks are leading the pack in terms of year-to-date (YTD) performance. Here we turned to the Street to see whether these stocks still offer a compelling investing proposition. Here's what top-performing analysts have to say: 1\. Microsoft (MSFT)– up 35% YTDMicrosoft takes the award of best-performing Dow stock so far this year. The company has put on a remarkable sprint of over 30% year-to-date. And analysts are almost uniformly positive about the company’s outlook going forward. That’s despite the fact that the current average analyst price target of $143 only suggests upside potential of 4%. But if you take a longer-term outlook, the stock’s multiple opportunities quickly become apparent.One analyst singing MSFT’s praises is five-star KeyBanc analyst Brent Bracelin. He has just reiterated his Microsoft buy rating with a $143 price target. Bracelin made the call following a number of upbeat meetings with Microsoft Gaming executives. “Gaming represents a $100B+ TAM opportunity for Microsoft” commented Bracelin. “We see Microsoft Gaming as a small (9.4% of FY18 sales) but strategic growth segment where the transformation to a subscription-based model (i.e., the Netflix of gaming) could sustain healthy growth and improving margins over the next three to five years as it gains share within a $100B+ gaming industry” the analyst told investors on June 11. Meanwhile Morgan Stanley’s Keith Weiss calls Microsoft ‘the best positioned firm in tech for the emerging Hybrid Cloud architectures.’ He highlights the company’s unique position as both a top 'New Stack' share gainer and the 1 'Old Stack' share gainer.And let’s not forget the savvy deal Microsoft has just struck with Oracle. The two companies announced a “cloud interoperability partnership enabling customers to migrate and run mission-critical enterprise workloads across Microsoft Azure and Oracle Cloud.” Moreover, “by enabling customers to run one part of a workload within Azure and another part of the same workload within the Oracle Cloud, the partnership delivers a highly optimized, best-of-both-clouds experience.” “Given Microsoft’s Azure is the 2 public cloud vendor in the world and Oracle is the clear 1 database vendor with a strong 2 position in enterprise applications that includes a fast-growing SaaS portfolio, we believe the two clouds complement each other well” writes Monness analyst Brian White, adding that the deal is a positive for both companies. View MSFT Price Target & Analyst Ratings Detail 2\. Cisco (CSCO)– up 32% YTDClose on Microsoft’s heels comes networking giant Cisco Systems. Over the last three years, Cisco shares have doubled and the stock shows no sign of slowing down. Even in the last five days, shares have soared 4%. Even a ratings downgrade from William Blair analyst Jason Ader didn’t deter investors for long.The analyst cited "signs of tightening demand across the IT infrastructure universe" at the company. And this weaker demand environment "could pressure growth in Cisco's fiscal 2020, especially when compared against unusually strong demand in fiscal 2019," the analyst said.As a result, Ader concludes that upside to consensus 2020 expectations, "as well as multiple expansion, will be more challenging from here."Nonetheless, Cisco still boasts a ‘Strong Buy’ analyst consensus rating. The average analyst price target stands at $59 (4% upside potential). And with the ongoing trade war between US and China, Cisco continues to look relatively attractive to tech-focused investors. “Cisco remains our top pick for investors looking at safe havens in the current environment to navigate through the trade war noise,” commented JPMorgan analyst Samik Chatterjee recently. He notes that “relatively modest exposure to China and largely immune to any trade-related impacts.” View CSCO Price Target & Analyst Ratings Detail 3\. Visa (V)– up 31% YTDCredit card and payments giant Visa continues to outperform. And now top-rated Wedbush analyst Moshe Katri has raised his V price target from $170 to $187 (8% upside potential). According to Katri, Visa benefits from a double whammy of "strong secular growth tailwinds," and accelerated, ongoing monetization efforts. He is confident Visa can deliver annual growth of 10% to 15% in credit-card revenue and 20% growth in adjusted EPS over the next few years.Encouragingly, Cantor Fitzgerald’s Joseph Foresi also sees a whole ‘basket of catalysts’ for Visa stock. Note that Foresi is ranked 2 out of over 5,200 analysts - so he clearly knows what he is talking about when it comes to stock picking. Not only does the company have a leading credit card position, it also offers significant opportunities for growth internationally and digitally. “We like Visa’s opportunity to capitalize on the global conversion of cash into credit, international opportunities, and digital payment tailwinds. Visa has a basket of catalysts expanding its TAM including Visa Direct, contactless payments, & B2B to name a few” writes the analyst. “We remain attracted to Visa's dominant position in the global card network market and its strong, recognizable international brand” the analyst told investors. View V Price Target & Analyst Ratings Detail 4\. American Express (AXP)– up 31% YTDVisa isn’t the only credit card company delivering sizable gains. AXP is also up over 30% year-to-date. What sets AXP apart is that it is one of only a few financial service companies capable of both issuing and processing electronic payment cards. This means the company can generate revenue from interest earning products on top of network processing transaction fees.For Merrill Lynch’s Jason Kupferberg the company continues to look undervalued. He has just reinstated coverage of AXP with a buy rating with a Street-high price target of $145. From current levels this suggests shares can surge a further 17% in the coming months.He calls the company’s credit card membership program “a worthy investment which offers customers unique experiences beyond traditional rewards points.” And even though costs have been rising as a proportion of revenue, the analysts writes that he has nevertheless “been pleasantly surprised to see [American Express] strategically raise card fees to help offset these costs.”View AXP Price Target & Analyst Ratings Detail 5\. Disney (DIS)– up 28% YTD Walt Disney Co is enjoying a wild ride so far in 2019. The company is gearing up for the launch of its highly anticipated Disney+ streaming service in November. “Disney is our top pick in the content space as we reiterate our Buy rating and raise our price target to $175” cheers Rosenblatt analyst Mark Zgutowicz. Meanwhile Loop Capital’s Alan Gould sees Disney +’s first year subscriber count topping the 10M consensus. Plus excitement is building over the opening of its highly anticipated $1 billion theme park expansion Star Wars: Galaxy’s Edge. Starting June 24, the park will be open to the public without reservations. “The segment has been a key growth driver for the company over the last few years… Given the incremental returns from investment we are encouraged the company continues to invest in this segment with Star Wars Galaxy Edge” commented Zgutowicz. As if that wasn’t enough, Disney’s 2019 blockbuster Avengers: Endgame is now the second-highest grossing movie of all-time worldwide. And now Disney plans to rerelease the movie with additional scenes- a sneaky attempt to topple box-office leader Avatar from first place according to commentators.However, Imperial Capital’s David Miller has a word of warning for investors. He has just downgraded DIS from Buy to Hold, writing: "The core rationale for lowering our rating to In-Line is simply due to the fact that the stock has performed consistent with our previous Outperform rating.”“Most of the catalysts we focused on at the time of that ratings change: the film slate, the opening of the two Star Wars lands, the disposal of the Regional Sports Networks, the Disney+ analyst day, and the re-financing of the various 21st Century Fox legacy debt tranches, have either happened, or are set to happen, and at a record multiple on 2021 earnings, are pretty much built in to the stock, in our view" the analyst concludes. View DIS Price Target & Analyst Ratings DetailDiscover the Street's best-rated stocks over the last 7 days here

  • Investing.com3 days ago

    3 Things Under the Radar This Week - Here’s a look at three things that were under the radar this past week.

  • The Zacks Analyst Blog Highlights: Netflix, Spotify, Microsoft, Cisco and Facebook
    Zacks4 days ago

    The Zacks Analyst Blog Highlights: Netflix, Spotify, Microsoft, Cisco and Facebook

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  • S&P 500 Hits Fresh High, Can it Cross 3,000 in 2019? 5 Picks
    Zacks4 days ago

    S&P 500 Hits Fresh High, Can it Cross 3,000 in 2019? 5 Picks

    Buoyed by Fed's strong signal of interest rate cut in 2019, the S&P 500 Index set a fresh all-time high.

  • Dow Jones Today: Stocks See Fed Follow-Through
    InvestorPlace5 days ago

    Dow Jones Today: Stocks See Fed Follow-Through

    It took a day, but stocks finally reacted to react to yesterday's dovish musings from the Federal Reserve. After barely creeping higher on Wednesday following the conclusion of the Fed's two-day meeting, gains grew more substantial Thursday. All three of the major U.S. equity benchmarks flirting with gains of 1%.Source: Shutterstock Geopolitical headlines, not of the tariff variety, boosted stocks as well. Oil rallied after Iran shot down a U.S. Navy drone. President Donald Trump took to Twitter calling Iran's move "a very big mistake.""Iran produces more than 2.3 million barrels of oil a day, about 2% of the world total and 8% of daily oil output from OPEC, and its economy is highly reliant on oil and gas exports," according to Barron's.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat is nowhere near the more than 12 million barrels per day pumped here in the U.S., but news of Iran's hostility was enough to lift Dow components Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), the two largest U.S. oil companies.When the closing bell sounded, the S&P 500 and Nasdaq Composite were higher by 0.95% and 0.8% while the Dow Jones Industrial Average was up 0.94%. Exxon and Chevron were two of 26 Dow stocks in the green today and two of the top 10 performers in the blue-chip index. Other WinnersWhen geopolitical headlines involve military hostilities and the potential for escalation of those tensions, aerospace and defense stocks often respond to the upside. That was the case today as United Technologies Inc. (NYSE:UTX) and Boeing (NYSE:BA) were two of the Dow's best performers. * 6 Stocks Ready to Bounce on a Trade Deal In addition to the aforementioned Iran controversy, United Technologies got a lift today from comments by industry executives regarding the company's heavily scrutinized $121 billion plan to acquire rival Raytheon (NYSE:RTN)."Most dismissed any suggestion that the merger could trigger similar moves among players in the more fragmented European industry, noting that national loyalties and different market conditions will limit cross-border transactions on such a scale," according to Reuters.In what was something of an "industrial renaissance" today, each of the Dow's members hailing from that sector finished higher. The index's four industrial names were among its top six winners on a percentage basis.Each of the Dow's financial services components rose today as well. American Experss (NYSE:AXP), a name that has been highlighted here in recent days, posted a modest gain. And Visa (NYSE:V) has been one of the more impressive Dow stocks for awhile now. The credit card giant added 1.83% today on its way to a record high. That extends Visa's month-to-date gain to over 4% and its year-to-date gain to nearly 30%.Sticking with tech for a minute, each of the Dow's constituents from that sector closed in the green today, led by Cisco (NASDAQ:CSCO), which added 2.3%. Bottom Line on the Dow Jones TodayThe Iran situation is worth monitoring over the next few days, particularly for investors owning any of the aforementioned aerospace or oil stocks. However, as that situation blows over, market participants will refocus their attention to monetary policy and if/when the Fed will cut interest rates.On that note, CNBC had an interesting piece out today highlighting the bullishness news of three Dow components against the backdrop of declining interest rates. Those names are Home Depot (NYSE:HD), Verizon (NYSE:VZ) and Walt Disney (NYSE:DIS). Of those three, only Verizon closed lower today.As of this writing, Todd Shriber did not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post Dow Jones Today: Stocks See Fed Follow-Through appeared first on InvestorPlace.

  • Why Cybersecurity Takeovers Are Surging As Stocks Reach New Highs
    Investopedia5 days ago

    Why Cybersecurity Takeovers Are Surging As Stocks Reach New Highs

    Cisco Systems Inc. (CSCO), Palo Alto Networks Inc. (PANW), FireEye Inc. (FEYE), and Imperva Inc. (IMPV) have all made cybersecurity acquisitions in recent weeks as they scoop up smaller companies in the burgeoning enterprise software industry tied to cybersecurity. “There is a bit of a scramble to get premium assets,” said Sarah Guo, an investor at Greylock Partners.

  • Slack Goes Public Today: 5 Things to Know
    Zacks5 days ago

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  • ETF Trends6 days ago

    Internet of Things ETF Has a Lot of Catalysts

    The Global X Internet of Things Thematic ETF (SNSR) , the first exchange traded fund dedicated to the Internet of Things (IoT) investment theme, is up nearly 19% year-to-date and catalysts are abound for this thematic ETF. SNSR, which is two years old, targets the Indxx Global Internet of Things Thematic Index. IoT “includes the development and manufacturing of semiconductors and sensors, integrated products and solutions, and applications serving smart grids, smart homes, connected cars, and the industrial internet,” according to Global X.

  • American City Business Journals6 days ago

    Here are Silicon Valley’s top 10 CEOs, as ranked by their employees

    It isn’t easy leading a major company in Silicon Valley, where the pressure to compete is intense, for both disruptive products and talent.
 Still, a number of Silicon Valley CEOs again rose to the top of this year’s list of top CEOs, as ranked by anonymous employee review site Glassdoor.

  • Huawei’s Troubles Are a Big Opportunity for Ericsson and Nokia
    Bloomberg6 days ago

    Huawei’s Troubles Are a Big Opportunity for Ericsson and Nokia

    (Bloomberg) -- Over the past two decades, China’s Huawei Technologies Co. has come to dominate the global telecom equipment market, winning contracts with a mix of sophisticated technology and attractive prices. Its rise squeezed Europe’s Nokia Oyj and Ericsson AB, which responded by cutting jobs and making acquisitions. Now, with Huawei at the center of a U.S.-China trade war, the tide is turning.Nokia and Ericsson—fierce rivals themselves—have recently wrested notable long-term deals from Huawei to build 5G wireless networks, to enable everything from autonomous cars to robot surgery. Analysts say more could come their way as Huawei grapples with a U.S. export ban and restrictions from other governments concerned that its equipment could enable Chinese espionage.“Huawei will, for the foreseeable future, face a broader cloud of suspicion,” said John Butler, an analyst at Bloomberg Intelligence in New York. “Nokia and Ericsson are well positioned to benefit.”In May, the European companies both won 5G contracts from SoftBank Group Corp.’s Japanese telecom unit, replacing Huawei and Chinese peer ZTE Corp. Ericsson signed a similar pact in March with Denmark’s biggest phone company, TDC A/S, which had worked with Huawei since 2013 to modernize and manage its network.Other carriers, expecting government curbs on Huawei, have started removing its equipment from sensitive parts of their systems. BT Group Plc is taking Huawei out of its network core, and Vodafone Group Plc has suspended core equipment purchases from Huawei for its European networks. Deutsche Telekom AG, which has Huawei throughout its 4G system, is re-evaluating its purchasing strategy.Nokia and Ericsson are Europe’s final survivors of a merciless winnowing of more than a half-dozen telecom equipment providersAs dozens of phone companies—including those in Canada, Germany and France—plan to choose 5G suppliers in the coming months, Cisco Systems Inc. and Samsung Electronics Co. are also vying for deals. But the key beneficiaries of Huawei’s difficulties are likely to be the two Europeans, which compete directly with the Chinese company in supplying radio-access network equipment.Since last year, the Trump administration has pushed allies to bar Huawei from 5G, citing risks about state spying—allegations the company has denied. The move in May to block Huawei’s access to U.S. suppliers escalated the campaign. The company’s founder, Ren Zhengfei, now predicts the U.S. sanctions will cut its revenue by $30 billion over the coming two years.Outside the U.S., security concerns have led Australia, Japan and Taiwan to bar Huawei from 5G systems. The Chinese company also risks losing meaningful work in Europe and emerging markets where countries could follow with their own limits, according to Bloomberg Intelligence.Publicly, executives from Nokia and Ericsson have been careful not to come off as critical of Huawei. Both manufacture in China and sell gear to Chinese phone carriers, and Nokia has a big research and development presence there. Nokia says it has already been forced to shift some of its supply chain away from China to reduce the impact of tariffs imposed by the Trump administration.QuicktakeHow Huawei Became a Target for GovernmentsInstead of piling on Huawei, the European carriers have trumpeted their 5G successes, each using slightly different metrics. Ericsson claims it has the most publicly announced 5G contracts—21—while Nokia says it has raked in more commercial 5G deals than any other vendor (42). Huawei says it has signed 46 5G contracts. A spokesman for Huawei declined to comment further about its position relative to rivals.Ericsson is “first with 5G,” after building high-speed networks for companies such as AT&T Inc., Swisscom AG in Switzerland and Australia’s Telstra Corp., said Chief Technology Officer Erik Ekudden. “You see that in some markets that we are attracting more customers.”Nokia is winning 5G deals “quite handsomely,” Chief Executive Officer Rajeev Suri told Bloomberg TV on June 10.While Suri said more carriers are likely to swap out Huawei gear in countries that have announced restrictions, the situation is less clear in Europe. “We don’t know yet the impact of specific operator plans,” he said in an interview. “We also don’t know where this geopolitical thing will end up.”Nokia and Ericsson are Europe’s final survivors of a merciless winnowing of more than a half-dozen telecom equipment providers. Bloated costs, a cyclical marketplace, cash-strapped customers, and the relentless rise of Huawei—aided by access to generous Chinese state financing—helped push the likes of Canada’s Nortel Networks Corp. and Germany’s Siemens AG out of the industry.Nokia paid some $2 billion in 2013 to buy Siemens out of a joint venture established to compete against Ericsson and Huawei. Then in 2015, it spent another almost $18 billion acquiring Alcatel-Lucent to broaden its product offering after pushing through more than 25,000 job cuts in the preceding three years. Still, Huawei’s share of the $33 billion of sales in the global mobile infrastructure market surged to 31% in 2018 from 13% in 2010, IHS Markit data show.Huawei, despite its troubles, remains a potent rival. Many phone companies in Europe deem its base stations, switches and routers technologically superior. Fully excluding Huawei and ZTE from 5G would raise radio-access network costs for European phone companies by 40%, or 55 billion euros ($62 billion), the GSMA industry group predicts in an unpublished report seen by Bloomberg. Nokia and Ericsson would have to almost double production to absorb Huawei and ZTE’s business in Europe and could struggle to meet demand, the GSMA report says.Quicktake5G and EspionageBengt Nordstrom, CEO of telecom consultancy Northstream AB, says the situation is perilous for everyone in the industry, as vendors’ budgets could be hit if Huawei faces greater restrictions. “Many component suppliers are already in a tough situation,” Nordstrom said. “They need to spend a lot of money on research, and that means they need access to the entire global market.”For carriers, swapping vendors isn’t as simple as flipping a switch. It takes about two years to plan and implement such a technology shift and install the new equipment, Nordstrom said.Both Nokia and Ericsson are working to make it easier for carriers to switch. Nokia has developed what it calls a “thin layer” of its 4G technology to connect to a new 5G system, allowing a carrier to avoid a wholesale swap of another supplier’s equipment. Ericsson also has a solution to allow a carrier to swap out only a portion of existing infrastructure, and says it can make some areas work side-by-side with Ericsson’s 5G gear.Nokia and Ericsson can agree on one thing: Claims of Huawei’s technological superiority are overblown. They note that they’re involved in the latest networks in the U.S., where carriers are rolling out 5G faster than the Europeans.“We compete quite favorably with Huawei,” Suri said, “with or without the current security concerns.”(Updates to add Nokia and Ericsson production estimate in sixth-last paragraph. An earlier version of the story corrected the ninth paragraph to reflect that Telstra Corp. is an Australian company.)\--With assistance from Caroline Hyde, Kati Pohjanpalo and Angelina Rascouet.To contact the authors of this story: Stefan Nicola in Berlin at snicola2@bloomberg.netNiclas Rolander in Stockholm at nrolander@bloomberg.netTo contact the editor responsible for this story: Rebecca Penty at, David RocksFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Nasdaq Today: Chip Stocks Surge on Improving Trade-War Rhetoric
    InvestorPlace7 days ago

    Nasdaq Today: Chip Stocks Surge on Improving Trade-War Rhetoric

    At one point on Tuesday, the Nasdaq was up about 2% on the day. Although the index eased off those gains going into afternoon trading, investors didn't completely take their foot off the gas.Source: Shutterstock Thanks to positive comments from President Donald Trump, the Nasdaq jumped 1.39% on the day, outperforming both the Dow Jones and S&P 500, which climbed 1.35% and 0.97%, respectively.So what did Trump say to cause such a rally? Well, the very opposite of what he said to derail the stock market rally last month. As trade-war worries flood Wall Street and wreak havoc on conference calls, the President tweeted that he, "Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting."InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis sent tech stocks, and in particular, chip stocks soaring on the day. In tech, the trade war has impacted everything from customer demand to declining margins thanks to increased tariffs. Some of the industry has been able to shake off the woes -- like Cisco Systems (NASDAQ:CSCO) and Microsoft (NASDAQ:MSFT) -- but not everyone has been so lucky. Biggest Winners in the Nasdaq TodayChipmakers stole the show Tuesday, as Advanced Micro Devices (NASDAQ:AMD), Nvidia (NASDAQ:NVDA) and Broadcom (NASDAQ:AVGO) -- here's how to trade AVGO stock -- all scorched higher on the day. * 5 Stocks to Buy for $20 or Less AMD raced higher by 4.3%, while Nvidia jumped 5.4% and Broadcom rallied 4.5%. The mere idea that the trade war talks could improve was enough to send these stocks skyward. It has got many on Wall Street wondering just how compressed this group is thanks to the friction between China and the White House. If the trade-war rhetoric remains positive ahead of the G-20 summit, it's possible for this group to continue higher.That said, investors also have to be aware of the Federal Reserve meeting on Wednesday. There's only a 24% chance of a rate cut announcement at this meeting, so most investors aren't expecting one yet. But they will be looking for a more dovish stance from the Fed, particularly following the European Central Bank's accommodative stance this week, and given the fact that the futures market is pricing in a 98% chance for at least one rate cut by December.So that's something to be aware of.NAND and DRAM players were also in the spotlight. Micron (NASDAQ:MU) jumped 5.7%, while equipment makers like Lam Research (NASDAQ:LRCX) and Applied Material (NASDAQ:AMAT) rallied 4.6% and 4.5%, respectively. Click to Enlarge Adobe Systems (NASDAQ:ADBE) is on investors' radar too, as it gears up to report second-quarter earnings after the close. Consensus expectations call for earnings of $1.78 per share on revenue of $2.7 billion. Those estimates suggest year-over-year growth of 18.5% and 23.2%, respectively.Finally, Microsoft is shaking off any worries about the trade war as shares hit new all-time highs. MSFT closed at $135.16, up 1.74%, while rallying almost 10% so far this month. Bottom Line on the Nasdaq TodayThe trade war is what dragged the Nasdaq from its all-time highs in early May. But a resolution is likely what will vault the index back up to them. The markets came into June in an oversold condition, but the bounce was most telling. After the Nasdaq, S&P 500 and Dow all rallied to start the month, the bears weren't able to push it back down.That action is important, suggesting that a larger rally was brewing after some consolidation. That extension could be taking place now, but we still have the Fed to get through.Fed Chair Powell has not been the smoothest talker when it comes to FOMC events, so it will be interesting to see how the market reacts tomorrow. A dovish Fed could ignite stocks even higher, while a hawkish Fed could undo many of today's nice gains. The same rally/puke potential exists with the President's Twitter account.All said, it was a very strong day for the Nasdaq today, although Facebook (NASDAQ:FB) was a noteworthy laggard.The social media giant finally announced its Libra cryptocurrency. While this was anything but a secret, it was interesting to see FB give up all of its Tuesday gains. Ending slightly lower on the day, down 29 basis points, is not what many investors had in mind given the strength in tech.The bottom line: Watch the Fed on Wednesday.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMD, NVDA and AVGO. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post Nasdaq Today: Chip Stocks Surge on Improving Trade-War Rhetoric appeared first on InvestorPlace.

  • Chip Stocks Drive Nasdaq Rally; Caterpillar, Apple Hoist Dow Jones Industrial Average
    Investor's Business Daily7 days ago

    Chip Stocks Drive Nasdaq Rally; Caterpillar, Apple Hoist Dow Jones Industrial Average

    Facebook, Beyond Meat and Cisco were early risers Tuesday, as stocks bolted higher and the Dow Jones Industrial Average added to its strong June advance.

  • Does Cisco Systems, Inc.'s (NASDAQ:CSCO) CEO Pay Matter?
    Simply Wall St.8 days ago

    Does Cisco Systems, Inc.'s (NASDAQ:CSCO) CEO Pay Matter?

    Chuck Robbins became the CEO of Cisco Systems, Inc. (NASDAQ:CSCO) in 2015. First, this article will compare CEO...

  • Signal Says Buy The Dip on this Blue Chip
    Schaeffer's Investment Research8 days ago

    Signal Says Buy The Dip on this Blue Chip

    A bullish signal just sounded on the charts for CSCO

  • The Zacks Analyst Blog Highlights: LM Ericsson, Cisco Systems, Ubiquiti Networks, Microsoft and Motorola Solutions
    Zacks8 days ago

    The Zacks Analyst Blog Highlights: LM Ericsson, Cisco Systems, Ubiquiti Networks, Microsoft and Motorola Solutions

    The Zacks Analyst Blog Highlights: LM Ericsson, Cisco Systems, Ubiquiti Networks, Microsoft and Motorola Solutions

  • Cisco Partners American Well to Boost Telehealth Services
    Zacks8 days ago

    Cisco Partners American Well to Boost Telehealth Services

    Cisco (CSCO) is working with American Well to develop hardware which connects to the TV at home and monitors patient's health to advance telehealth services.

  • AVGO Stock Fell After Broadcom Lowered Guidance, Semiconductor Stocks Follow
    Zacks11 days ago

    AVGO Stock Fell After Broadcom Lowered Guidance, Semiconductor Stocks Follow

    Broadcom (AVGO) presented their second quarter earnings on Thursday after market close, and the call, as described by CNBC's Jim Cramer, was "truly depressing."

  • The Funded: VMware buys Avi Networks; 12 Bay Area startups raise over $500M
    American City Business Journals11 days ago

    The Funded: VMware buys Avi Networks; 12 Bay Area startups raise over $500M

    Five acquisitions and a dozen funding deals that raised over $500 million top the Bay Area's venture news at the end of the week.