|Bid||78.23 x 900|
|Ask||78.24 x 4000|
|Day's Range||77.75 - 78.39|
|52 Week Range||57.57 - 79.70|
|PE Ratio (TTM)||26.19|
|Beta (3Y Monthly)||1.14|
|Expense Ratio (net)||0.13%|
Fed Chair Jerome Powell said that the Fed is “insulated” from short-term political pressure, warning that huge policy mistakes can happen when the Fed is influenced by the White House. Yahoo Finance's Brian Cheung joins Seana Smith on 'The Ticker' to discuss Powell's speech at the Council on Foreign Relations.
Yahoo Finance's Adam Shapiro and Julie Hyman are joined by Yousef Abassi, director of U.S. Institutional Equities and Global Market Strategist at INTL FCStone, and Girard CIO Timothy Chubb to break down President Trump's shots at the Fed, the ongoing tariff threat, and other opportunities in the market, including in financials.
A new survey from the Business Roundtable finds that optimism among executives has dropped for the fifth quarter in a row. Yahoo Finance's Jessica Smith and Nationwide Chief Economist, David Berson, join Seana Smith to discuss how trade uncertainty is impacting CEO economic outlook.
President Trump defending his decision to threaten Mexico with tariffs, saying that's what got the deal done. Yahoo Finance's Seana Smith and former trade representative under George H. W. Bush, Carla Hills discuss.
Tech companies have deep balance sheets and could be able to withstand market volatility during investigations. Yahoo Finance's Julie Hyman, Adam Shapiro, Ethan Wolff-Mann, Sibile Marcellus and Matt Miskin, John Hancock Investments Market Strategist discuss.
Investors awaiting progress in the U.S.-China trade talks as Bloomberg reports China will stop buying soybeans from the United States. Meanwhile, Morgan Stanley CEO James Gorman says market segment is "fragile." Yahoo Finance's Seana Smith and Wealth Consulting Group CEO Jimmy Lee discuss.
Blackstone's Joseph Zidle says we're in a correction and there's more pain ahead. With CNBC's Brian Sullivan and the Fast Money traders, Pete Najarian, Tim Seymour, Steve Grasso and Guy Adami.
RDM Financial Group’s Ron Weiner joins Yahoo Finance's Adam Shapiro, Julie Hyman, and Deutsche Bank Securities Chief Economist Torsten Slok to discuss the latest progress with trade talks.
Information technology shares and those related to telecoms suffered sharp losses Tuesday, as commentary from the Federal Reserve moderated hopes for a substantial reduction of benchmark borrowing costs. Rate-cut hopes have thus far underpinned equity market's record rally. The Dow Jones Industrial Average fell 0.7%, to 26,548, those for the S&P 500 index finished 1% lower at 2,917, with the info tech sector losing 1.8% and the communication services sector shedding 1.6% to lead the 11 S&P 500 sectors lower Tuesday. Shares of those companies, including Facebook Inc. have been among the best performers as the broader market carved out new records, with the S&P 500 setting its first closing record since April 30 on Thursday. As tech-related stocks got clobbered, the technology-heavy Nasdaq Composite Index endured the brunt of the day's selling, down 1.5% at 7,885, representing the worst day for the index sine June 3. Speaking at the Council on Foreign Relations in New York at 1 p.m. Eastern Time, Fed Chairman Jerome Powell said the rate-setting Federal Open Market Committee was "grappling with is whether these uncertainties will continue to weigh on the outlook and thus call for additional policy accommodation," in prepared remarks. Before that comment, St. Louis Fed President James Bullard, a dovish FOMC member who had advocated for a rate cut, said he didn't endorse an aggressive cut to benchmark rates, which stand at a range of 2.25%-2.50%.
Which big tech stocks are looking good in 2019 as they approach new highs, and which ones look like they may be falling behind? Jeff Reeves gives his picks.
Shares of Microsoft Corp. surged 0.9% in afternoon trading Monday, putting them on track for an 8th-straight gain, as Oppenheimer technical analyst Ari Wald said the software giant was a "top buy" given the long-term bullish technical backdrop. That would mark the second 8-day win streak this year, and third since it went 9-straight sessions ending Oct. 16, 2017 without a decline. The last time it rose for nine-straight days was the 9-day stretch ending Oct. 21, 2013. Microsoft's stock was also headed toward a 6th-straight record close day. "[Microsoft's stock] checks all our boxes," Wald wrote in a note to clients. "Key positives include the stock's bullish trend, high momentum score and top-down tailwinds based on our view that the technology sector is a prime candidate to be a key driver of the S&P 500's secular advance over the coming quarters to years." The stock has run up 35.4% year to date, as it continues to hold the top spot as the U.S.'s largest company by market capitalization, with a market cap of $1.054 trillion. The company is way ahead of second-place Amazon.com Inc. at $938.7 billion and third-place Apple Inc. at $919.3 billion.
Quick, what’s the best performing sector in the S&P 500 so far in June? No, it isn’t the highflying information technology sector — that’s second best.
The ongoing trade war has been threatening American companies and their businesses in China, but e-commerce giant Amazon might actually be flourishing.
Big tech stocks jointly injected about $330 billion in market value together over the past five trading sessions, per Wall Street Journal. Which ETFs benefited the most?
Technology sector exchange traded funds are among the best performers in the recent rebound, with tech stocks posting their best five-day run in seven-and-a-half years, as monetary policy and Mexico trade helped support the risk-on attitude. The widely observed Technology Select Sector SPDR ETF (XLK) , which covers the technology and telecom sector of the S&P 500 Index, has increased 9.0% over the past week, reflecting its best performance since October 2011. The surge in the technology sector has been attributed to an end to threats of tariffs on Mexican-made goods imported to the U.S., along with growing optimism over an interest rate cut out of the Federal Reserve.
Shares of Ciena Corp. soared 14% in premarket trade Thursday, after the optical networking company reported fiscal second-quarter profit and revenue that rose well above expectations. Net income for the quarter to April 30 rose to $52.7 million, or 33 cents a share, from $13.9 million, or 9 cents a share, in the year-ago period. Excluding non-recurring items, adjusted EPS grew to 48 cents from 23 cents, above the FactSet consensus of 41 cents. Revenue grew 18.5% to $865.0 million, beating the FactSet consensus of $819.0 million, as 17.8% growth in networking platforms revenue to $697.0 million topped expectations of $653.7 million. Gross margin improved to 43.3% from 40.2%. The stock has gained 5.8% year to date through Wednesday, while the SPDR Technology Select Sector ETF has run up 19% and the S&P 500 has advanced 13%.
Shares of Apple Inc. rallied 2.5% in morning trade Wednesday, to extend the previous session's big bounce off a 3-month low as growing hopes for an interest rate cut by the Federal Reserve helped spark a broader stock market rally. The technology giant's stock was the biggest gainer among Dow Jones Industrial Average components. After running up 3.7% on Tuesday, Apple's stock is on track for the biggest two-day gain--6.2%--since it surged 7.6% in the two days ending Jan. 31, which came on the heels of first-quarter results. The rally comes after the SPDR Technology Select Sector ETF has climbed 4.7% in two days and the Dow has rallied 652 points, or 2.6%.
The quiet period following Uber’s (UBER) IPO is finally over, and Wall Street analysts are bulled up on the stock, according to the coverage being released Tuesday.
The tech space has been through a rough patch in the past month due to escalating U.S.-China trade tensions and likely antitrust probes. But these top-ranked stocks braved this turmoil.
Stock-market weakness in May has been attributed to fears over global growth and rising U.S.-China trade tensions, concerns that have helped to push trade-sensitive sectors like information technology, industrials and materials into a severe pullback. Helping boost info tech shares has been the semiconductor industry, seen as a highly cyclical sector that is very sensitive to concerns over the proliferation of new trade barriers (see FactSet chart below with the S&P 500’s return in red, industrials in yellow, technology shares in green and materials in purple).
Though there has been a bloodbath in the tech space in May due to escalating trade tensions, some ETFs stood out on their inherent strength and more solid investment objectives.
The technology sector has been one of the strongest performing segments of the market for much of the past decade. As you may know, the consolidation of influence among some of the biggest names has led to one of the longest upward trends ever recorded. In this article, we take a look at some key charts from across the technology sector and attempt to pick a couple that are trading near influential levels of support and that could be good candidates for a move higher over the coming months.
Under ordinary circumstances, most people would likely have a bullish view on Cisco Systems (NASDAQ:CSCO). In its prior life, Cisco stock represented the distortion of unbridled enthusiasm during the tech bubble and subsequent crash. But with key divestments and a laser-focus on relevant technologies, CSCO has transitioned into a reliable dividend-paying entity.Source: Prayitno via Flickr (Modified)There's just one problem: the U.S.-China trade war. Just a month ago, political experts and economic analysts largely expected that the Trump administration would work out a deal with its Chinese counterpart. Both parties made their points, but both also incurred damage in the tariff tit-for-tat.Suddenly, though, President Trump did an about-face, accusing China of dirty trade tactics. Ominously, Chinese President Xi Jinping warned of a "Long March" referencing China's civil war during the 1930s. Obviously, this harsh sentiment bodes poorly for most investments, including CSCO stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Safe Stocks to Buy for Anxious Investors Diplomacy requires a delicate touch. Since neither side will completely win this zero-sum game, compromise is necessary. Where it gets worrisome for Cisco stock and many other technology-based names is that Trump lacks basic decorum. Having insulted the Chinese, the U.S. should not expect a friendly response, nor a quick resolution.Specifically for CSCO stock, the underlying company must hope that things don't get worse from here. Although Asia-Pacific Japan China (APJC) accounted for less than 16% of total revenue for Cisco in fiscal 2018, it's a viable growth channel that management can't overlook.Still, Cisco stock offers a distinctly bullish play here, but with some caveats. The Cautious Bull Case for Cisco StockFor starters, let's quickly talk about the dividend. At its current 2.5% yield, Cisco stock doesn't offer the most generous payout. However, it is one of the most reliable, especially compared to its tech peers.Based on what we're seeing in the geopolitical realm, that reliable dividend may act as a buffer in case of a downturn. Typically, volatility disproportionately impacts equities that are pure growth names as opposed to income generators.Second, Cisco's management team smartly anticipated at least some of this trade war's fallout. The tech firm reduced its manufacturing exposure in China, just in case tensions escalated.This isn't just the usual corporate fluff piece. Compared to many names in the broader tech industry, CSCO stock has stayed relatively calm. Year-to-date, shares are up almost 30%. That compares favorably to the sector benchmark Technology Select Sector SPDR Fund (NYSEARCA:XLK), which is up 18% YTD.As Cisco chairman and CEO Chuck Robbins stated, the current China situation is "relatively immaterial." It's also baked into the guidance.Third and most importantly, Cisco is levered toward the industries and technologies of tomorrow. As I've noted in prior write-ups about Verizon (NYSE:VZ) and AT&T (NYSE:T), we're locked in a digital battle for dominance.Without question, the U.S. won the 20th century, excelling in manufacturing and other analog technologies. We also dominated the infancy stage of the digitalization of everything movement.However, other countries desperately want to control the 21st century and beyond. Thus, investments like CSCO stock take on greater importance than they would have in prior generations.What I'm trying to get at is that Cisco stock is too big to fail. It's among companies which the federal government considers vital for national security and prosperity. Wait for the OpportunityDespite multiple reasons to bet on Cisco stock, I wouldn't do it at this very moment. Fundamentally, I'm confident that the underlying organization can weather this storm. But right now, the markets are not moving on the fundamentals, but rather emotions.As such, you've got to respect the tape. I don't like the pensive trading following its recent better-than-expecting earnings report. Clearly, a resistance level exists at the $57 mark. With all the ugly noise surrounding this and other tech names, I anticipate turbulence. It won't surprise me to see CSCO stock drop below $50. * 7 Utility Stocks to Trust for Retirement If that happens, I might jump on board. Most companies do their thing for themselves. But with large-scale tech firms like CSCO, their growth and operations have more significant meaning. During this cloudy season, Cisco offers the luxury of clarity.As of this writing, Josh Enomoto is long AT&T. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post Cisco Stock Has the Defenses to Survive the Trade War appeared first on InvestorPlace.