CSCO - Cisco Systems, Inc.
47.92 -0.01 (-0.02%)
After hours: 7:59PM EDT
| Previous Close | 48.50 |
| Open | 48.54 |
| Bid | 47.91 x 1800 |
| Ask | 47.99 x 3000 |
| Day's Range | 47.92 - 48.59 |
| 52 Week Range | 40.25 - 58.26 |
| Volume | 15,619,661 |
| Avg. Volume | 21,633,581 |
| Market Cap | 211.904B |
| Beta (3Y Monthly) | 1.00 |
| PE Ratio (TTM) | 18.36 |
| EPS (TTM) | 2.61 |
| Earnings Date | Nov 12, 2019 - Nov 18, 2019 |
| Forward Dividend & Yield | 1.40 (2.89%) |
| Ex-Dividend Date | 2019-07-03 |
| 1y Target Est | 55.39 |
- InvestorPlace
Dow Jones Today: Trump’s Twitter Targets the Fed … Again
Usually, a headline like that would spell doom for stocks, but that wasn't the case Monday. Major U.S. equity benchmarks rallied even as President Donald Trump had some, shall I say, "words of encouragement" for the Federal Reserve."The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well," said the president on Twitter (NYSE:TWTR). "If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced-good for everyone!"President Trump has a long history of moving markets via Twitter, but that wasn't necessarily the case Monday when it comes to the dollar, which he has long complained is too strong. The Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP), which tracks the greenback against a basket of other major currencies, closed modesty higher and just a third of a percent below its 52-week high. UUP is up about 2% this month, indicating Fed rate cuts aren't always the elixir to quell a strong dollar.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Dividend Stocks to Load Up On Despite the dollar firming again today, the plenty of export-sensitive sectors and individual names rallied, helping the Nasdaq Composite to a gain of 1.35% while the S&P 500 added 1.21%. The Dow Jones Industrial Average started the week higher by 0.96% with just two of its 30 components finishing lower on the day. Be Careful With These Dow WinnersTwo of the best performers in the Dow today may require some caution. Sure, it was nice to see Cisco Systems (NASDAQ:CSCO) rally after the network gear maker was drubbed last week following disappointing guidance on its earnings call, but Monday's bounce may be one of the dead cat variety.Similar caution may be warranted with chemicals maker Dow (NYSE:DOW), which was the second-best Dow stock today behind Cisco. Again, it's nice to see a cyclical, tariff-sensitive name in the green today, but the stock was downgraded last Friday to "neutral" by Bank of America Merrill Lynch with that bank also paring its price target on Dow shares to $44 from $55.Of the 17 analysts rating shares of Dow, just six have "buy" ratings on the name while 11 have the equivalent of a "hold" on the stock. DJIA Earnings NoteI've been mentioning The Home Depot (NYSE:HD) recently because the company reports earnings tomorrow, and today's gain of 2.11% suggests trades were buying the name in advance of that report. There was some elevated options activity in Home Depot today, too, but history suggest traders should be careful with the home improvement giant post-earnings."Looking into HD's earnings history, the stock has closed lower the day after earnings in all but two of the past eight quarters, though the reaction to Home Depot's most recent report in May was positive," according to Schaeffer's Investment Research. "Over the past two years, the shares have swung an average of 1% the day after earnings, regardless of direction. This time around, the options market is pricing in a larger-than-usual 6% swing for Tuesday's trading." Some Good Dow NewsI've mentioned a few times this year that alternative energy stocks and ETFs are really weighing on the traditional energy sector, so with that in mind, it was nice to see Chevron (NYSE:CVX) jump 1.68% today on some bullish analyst chatter. Barclays started coverage of Chevron today with an "overweight" rating and a $145 price target. That price target implies significant upside from today's close just under $118."Chevron is well positioned to both return significant free cash flow to shareholders and fund its…compound annual growth rate guidance," according to the bank. Dow Jones Bottom LineIn addition to the aforementioned Twitter action by President Trump, today's upside was the product of familiar themes: expectations that more Fed rate cuts are coming and that the U.S. and China might be able to make some headway on the trade front.Speaking of the Fed, Chairman Jerome Powell speaks in Wyoming late this week, so it's safe to say all eyes and ears will be on that speech regarding rate cut clues.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Dow Jones Today: Trump's Twitter Targets the Fed … Again appeared first on InvestorPlace.
- Investing.com
Stocks - S&P Surges as Trade Tensions and Recession Fears Fade
Investing.com - Stocks surged for a third-straight day on optimism about a U.S.- China trade deal and fewer worries about a recession hitting any time soon.
- GuruFocus.com
US Indexes Close Higher to Start the Week Monday
S&P; 500 gains 1.21% Continue reading...
- Investor's Business Daily
Stocks Hold Gains Of More Than 1%, As Indexes Near 50-Day Lines
Stocks extended Friday's rally, rising more than 1% in a broad advance as the S&P; 500 crept closer to the 50-day moving average.
- Motley Fool
Read This Before Selling Your Shares of Cisco Systems
Cisco’s stock hit a speed bump, but the sell-off was a massive overreaction.
- Zacks
The Zacks Analyst Blog Highlights: Cisco, Axalta Coating, Ennis, Integer and Pilgrim's Pride
The Zacks Analyst Blog Highlights: Cisco, Axalta Coating, Ennis, Integer and Pilgrim's Pride
- Zacks
The Zacks Analyst Blog Highlights: Cisco, Medtronic, Novo Nordisk, Southern and TransDigm
The Zacks Analyst Blog Highlights: Cisco, Medtronic, Novo Nordisk, Southern and TransDigm
- Moody's
Juniper Networks, Inc. -- Moody's assigns Baa2 rating to Juniper Networks' proposed debt issuance; outlook stable
Rating Action: Moody's assigns Baa2 rating to Juniper Networks' proposed debt issuance; outlook stable. Global Credit Research- 19 Aug 2019. New York, August 19, 2019-- Moody's Investors Service assigned ...
- Investopedia
How Trump's Huawei Decision Could Shake Up Tech Stocks
U.S. sanctions against Chinese tech giant Huawei were suspended through Monday, Aug. 19. What the Trump administration does next has big implications.
- Financial Times
US companies reduce spending in face of growth fears
US companies are watering down their spending plans as the threat of slowing global growth and the trade war sap business confidence. Capital expenditure, or capex, is set to grow 3.5 per cent this year, a sharp drop from the 4.2 per cent anticipated just four months ago, according to Citi analysts. “Capex has been one of the biggest concerns about the state of the economy,” said Max Gokhman, head of asset allocation for Pacific Life Fund Advisors.
- Benzinga
Bulls And Bears Of The Week: Apple, Cisco, Salesforce, Walmart And More
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included tech leaders and a retail colossus. Bearish calls also included tech giants, as well as ...
- MarketWatch
Cisco’s stock had its worst single-day drop in almost six years
Cisco Systems Inc.’s weak forecast for the current quarter is weighing on the networking giant’s shares, and some see further pain in store.
- Barrons.com
The Trade War Is Finally Hitting Tech Stocks
As investors worried about bond yields and new tariffs, the most concerning tech news might have been troubling commentary from Cisco’s CEO.
- Investor's Business Daily
Stock Market Volatile On Inverted Yield Curve, China Trade News; Walmart, Macy's, Cisco, GE, Alibaba Are Key Movers: Weekly Review
The stock market fell in volatile fashion amid China trade news and the first inverted yield curve since 2007. Walmart, Cisco, Macy's, GE were big movers.
- Zacks
Top Stock Reports for Cisco, Medtronic & Novo Nordisk
Top Stock Reports for Cisco, Medtronic & Novo Nordisk
- American City Business Journals
From Cisco to Advance Auto Parts: Execs at top Triangle employers talk trade war
The ongoing trade war with China is having an impact on Triangle companies. Michael Walden, North Carolina State University professor and economist, says the tariff situation has created a headwind that’s likely responsible for shaving 0.6 percentage points off GDP growth. “While businesses can ultimately obtain products from sources other than China, changing supply chains takes a while,” he says.
- Zacks
Cisco Outlook Takes Trade War Hit
Cisco shares tanked after the company's weak orders and guidance indicated trade war-related woes in China.
- American City Business Journals
U.S.-China trade war hits Cisco, CEO Chuck Robbins tells investors
Robbins told investors the Chinese market was “certainly not a major play for us, but it has just dropped precipitously in light of the trade discussions.”
- Investing.com
Stocks: Deere Falls, GE, Nvidia Rise in Premarket
Advanced Micro Devices (NASDAQ:AMD) was up 2.9% along with other chipmakers, lifted by Nvidia’s outlook.
- Investopedia
Nervous Investors Punish GE, Netflix, and Viacom
Investors are fleeing stocks with just a hint of bad news. Small caps continued to underperform, and bond prices rose dramatically.
- American City Business Journals
CEO: Aerohive acquisition will launch Extreme Networks into cloud networking
Cloud networking is the fastest-growing segment in the wireless industry, Extreme CEO Ed Meyercord told the Business Journal on Wednesday, and the San Jose company didn’t have the technology to keep pace before it acquired Aerohive.
- Motley Fool
What Happened in the Stock Market Today
Investors worried about the outlook for Cisco Systems, but domestic sales at Walmart lifted its shares higher.
ReutersUS STOCKS-S&P 500, Dow gain as upbeat retail sales offset recession fears
The S&P 500 and the Dow gained ground in a late rally on Thursday as upbeat retail sales data offset recessionary fears amid the simmering U.S.-China trade tensions. Wall Street zig-zagged from red to black and back much of the day as investors juggled mixed messages of a strong consumer and dropping U.S. Treasury yields.
- InvestorPlace
Stock Market Today: GE, Cisco and Canopy Make Wild Moves
It's no shocker, but Thursday has been another volatile trading session. Following Wednesday's action -- where the Dow Jones Industrial Average fell 800 points and the Nasdaq Composite tumbled 3% -- it was a mixed session in the stock market today. It wasn't exactly the rebound that bulls were hoping to muster given the massive declines experienced a day prior.The stock market got off to a quick rally on the day, took an afternoon spill and then regained its footing. The SPDR S&P 500 ETF (NYSEARCA:SPY) rallied roughly 0.4%, the PowerShares QQQ ETF (NASDAQ:QQQ) was mostly flat and the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) finished higher by about 0.6%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Movers in the Stock Market TodayShares of Pivotal Software (NYSE:PVTL) erupted almost 70% to just over $14 after it was announced that VMWare (NYSE:VMW) intends to acquire the company at $15 per share. The interesting thing is that VMW -- which is down about 7% on the announcement -- is trying to get Dell Technologies (NYSE:DELL) to exchange its B shares for A shares.General Electric (NYSE:GE) stock fell quite a bit on the day, although recovered off its lows. Shares finished lower by over 11% after a whistleblower called GE "meritless" for hiding financial problems. Accounting issues are never a good sign, and it's no wonder investors sold the stock as a result. However, management has already disputed the claim, calling it market manipulation. * 10 Stocks Under $5 to Buy for Fall Cisco Systems (NASDAQ:CSCO) took it on the chin Thursday, falling over 8% after disappointing quarterly results. While earnings and revenue results came in ahead of expectations, guidance came up a bit short. The stock blew through all sorts of significant support levels, leaving CSCO stock flailing in no man's land. Macro headwinds continue to create problems for U.S. companies and Cisco is the latest one.Alibaba (NYSE:BABA) initially jumped 5% in early Thursday trading. However, the stock closed higher by about 3% after a late-session jump. The action comes after Alibaba reported a top- and bottom-line beat and showed strength in its underlying business. Analysts liked the quarter too, praising the results and maintaining price targets significantly above current levels.(Here's how to trade Alibaba, by the way).What Canopy Growth (NYSE:CGC) investors would give to have the same post-earnings reaction as Alibaba. Shares are getting crushed Thursday, down about 15% after an earnings and revenue miss. A loss of $3.70 per share took investors by huge surprise, thanks to extinguishing warrants with Constellation Brands (NYSE:STZ).However, management did not provide an adjusted earnings result, causing concern and confusion among investors. Revenue came up short too. It was a lose-lose report and now shares are at their lowest point since the start of 2019.The demand for bonds remains intense, as the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) continues to press higher. The ETF hit a new 52-week high on Thursday and the upside volatility continues to cause investor concern in the equity market in the short term. Key Levels to Watch Above is a chart of the SPY ETF, representing the S&P 500. With Thursday's afternoon decline, the August lows near $281.72 were almost tested. Buyers stepped in early enough to prevent it, but many traders are hesitant to buy without the SPY not testing the 200-day moving average.A test of the 200-day would "clear the air" for a lot of investors, so to speak. It would also give investors a pullback down to the 38.2%. Seeing how SPY reacts to this level would help investors gauge what type of environment we're working with.The 20-day is now below the 50-day moving average, indicating that the short-term trend is now more bearish. If the August lows hold, see if the SPY can reclaim the 100-day moving average (not shown above) at $239.40.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks Under $5 to Buy for Fall * 5 Stocks to Avoid Amid the Ongoing Trade War * 7 5G Stocks to Buy Now for the Future The post Stock Market Today: GE, Cisco and Canopy Make Wild Moves appeared first on InvestorPlace.
