|Bid||46.93 x 900|
|Ask||46.97 x 900|
|Day's Range||46.48 - 47.22|
|52 Week Range||43.40 - 58.26|
|Beta (5Y Monthly)||1.17|
|PE Ratio (TTM)||18.32|
|Forward Dividend & Yield||1.40 (2.96%)|
|Ex-Dividend Date||Jan 01, 2020|
|1y Target Est||N/A|
In addition, PepsiCo Chief Financial Officer Hugh F. Johnston told analysts during an earnings call on Feb. 13 that he expects the company’s dividend to increase 7% on an annualized basis.
Earnings reports from NVIDIA and Cisco, a stay order on the JEDI contract, Facebook's app to compete with Pinterest and other stories are covered in this daily.
Facebook Inc said on Friday it had canceled its global marketing summit scheduled for next month in San Francisco due to coronavirus-related risks. "Out of an abundance of caution, we canceled our global marketing summit due to evolving public health risks related to coronavirus," a company spokesman said. Earlier this week, Mobile World Congress (MWC), the annual telecoms industry gathering in Barcelona, was canceled after a mass exodus by exhibitors on coronavirus fears.
More coronavirus cases reported in China has roiled global stock markets. Gold is higher, travel shares are falling. Cisco Systems and NetApp shares are moving on earnings news.
DOW UPDATE Shares of IBM and Caterpillar are trading lower Friday afternoon, dragging the Dow Jones Industrial Average into negative territory. Shares of IBM (IBM) and Caterpillar (CAT) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 75 points lower (-0.
If Washington thinks US tech companies are about to jump at the idea of building a new national champion in the 5G mobile communications business, it probably needs to think again. The idea was pitched last week by William Barr, attorney-general, as an antidote to what the White House has come to see as its Huawei problem: that allowing a Chinese-owned company to dominate the mobile communications infrastructure market will present an unacceptable national security risk. Among the most natural companies to lead such a push would be Cisco Systems, the leading maker of data networking gear.
(Bloomberg) -- The U.S. raised the stakes in its battle with Huawei Technologies Co., using a law historically associated with prosecuting mafia figures to claim the Chinese company engaged in decades of intellectual property theft.Huawei, the world’s largest maker of telecommunications equipment, and Chief Financial Officer Meng Wanzhou had already faced criminal charges. The fresh allegations, announced Thursday, up the ante by including racketeering conspiracy, increasing the potential punishment. They come as the global battle for supremacy in fifth-generation wireless technology, or 5G, is joined.Huawei broke the law “to drastically cut its research and development costs and associated delays, giving the company a significant and unfair competitive advantage,” the Justice Department said in a statement. The company even launched a bonus program to reward employees who got their hands on confidential information from competitors, prosecutors said.The new charges depict a company that won international standing by stealing trade secrets, evading U.S sanctions and lying to authorities. They are likely to increase tensions between Beijing and Washington, which has accused Huawei of spying for the Chinese government, even as Huawei won a brief reprieve from a proposed ban on buying parts.The indictment doesn’t name the businesses from which Huawei allegedly stole intellectual property, but details of the allegations match descriptions of companies including Cisco Systems Inc., Motorola Inc. and Cnex Labs Inc.“The indictment paints a damning portrait of an illegitimate organization that lacks any regard for the law,” Senator Richard Burr of North Carolina, the Republican chairman of the Intelligence Committee, and Senator Mark Warner of Virginia, the panel’s Democratic vice-chairman, said in an emailed statement. “Intellectual property theft, corporate sabotage and market manipulation are part of Huawei’s core ethos and reflected in every aspect of how it conducts business.”Huawei doesn’t “abide by Western business practices,” Rob Spalding, a Washington-based technology and security expert at the Hudson Institute who served on the National Security Council, said in an email. “Which is why many U.S. companies are no longer competitive in the global marketplace.”Read More: Why 5G Mobile Arrives With a Subplot of EspionageHuawei, in turn, has accused the U.S. of orchestrating a campaign to intimidate its employees and launching cyberattacks to infiltrate its internal network. China’s Ministry of Foreign Affairs has urged the U.S to “stop unreasonably targeting Huawei and other Chinese enterprises.”The new indictment “is part of the Justice Department’s attempt to irrevocably damage Huawei’s reputation and its business for reasons related to competition rather than law enforcement,” a representative of the company said Thursday. “These new charges are without merit and are based largely on recycled civil disputes” from the last 20 years “that have been previously settled, litigated and, in some cases, rejected by federal judges and juries.”Huawei was previously accused of violating U.S. sanctions against Iran and North Korea. Meng, the CFO, was charged with fraud last year, with the case rippling into Canada, where she is currently fighting extradition to the U.S. Meng’s lawyers have argued in court that their client did nothing wrong.The U.S. said Huawei stole trade secrets, including copyrighted works, source code and user manuals for internet routers, to “grow and operate” its business. The company swiped antenna and robot testing technology, prosecutors said.Then, they said, it doubled down.“When confronted with evidence of wrongdoing, the defendants allegedly made repeated misstatements to U.S. officials, including FBI agents and representatives from the U.S. House Permanent Select Committee on Intelligence, regarding their efforts to misappropriate trade secrets,” they said.Read More: U.S. Ramps Up Huawei Fight With Iran, Trade-Secret ChargesThe U.S. dates the thefts to 2002. But the government has also linked the 2016 alleged theft of a computer chip from a California tech company for Huawei with the latest charges.Bo Mao, a Xiamen University professor, was charged in September with stealing trade secrets. His lawyers said in a court filing Thursday that the prosecution is related to the Huawei case.In the new indictment, the government is wielding some prior allegations of wrongdoing, like Huawei’s alleged theft of a phone-testing robot developed by T-Mobile US Inc., to build a more muscular case. The U.S. alleged that a Huawei engineer secretly took photos of T-Mobile’s robot, Tappy, took measurements of parts and even stole a piece of it. When T-Mobile threatened to sue, the U.S. said, Huawei blamed “rogue actors” within the company.Intellectual property theft “explains a lot of Huawei’s success,” said Jim Lewis, of the Technology Policy Program at the Center for Strategic and International Studies in Washington. “Huawei is the poster child for China’s commercial spying.”The case is U.S. v. Huawei Technologies Co., 18-cr-457, U.S. District Court, Eastern District of New York (Brooklyn).Read MoreHuawei Pleads Not Guilty to Bank Fraud Charges in New YorkU.S. Accuses Huawei of Trade-Secret Theft, Defrauding BanksProsecutors Say Government Used FISA to Watch HuaweiU.S. Charges Chinese Professor Accused of Theft to Help Huawei(Updates with Bo Mao case)\--With assistance from Bob Van Voris and Natalie Obiko Pearson.To contact the reporters on this story: Patricia Hurtado in Federal Court in Manhattan at email@example.com;Alyza Sebenius in Washington at firstname.lastname@example.org;Todd Shields in Washington at email@example.comTo contact the editors responsible for this story: David Glovin at firstname.lastname@example.org, Joe Schneider, Peter BlumbergFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
STOCK ALERT A person close to (CSCO) plainly denied market rumors that the company is holding discussions to buy the security software provider (FEYE) FireEye stock (ticker: FEYE) spiked Thursday when the Barcelona-based newspaper OKDiario reported that (CSCO) (CSCO) was going to launch an offer for FireEye.
Technology shares led all three major U.S. stock averages lower, with the blue-chip Dow suffering the largest percentage loss. Hopes that the coronavirus epidemic could be on the wane were soured by a spike in fatalities, with an additional 242 bringing China's coronavirus death toll to 1,367. "On a day like today investors just have to take it in stride," said Charlie Ripley, senior market strategist for Allianz Investment Management in Minneapolis.
Follow markets long enough and you're bound to hear some speculation regarding the efficacy of Chinese data. Meaning that there are plenty of folks out there that think economic numbers out of the world's second-largest economy may not always be accurate.Source: Provided by Finviz What is not up for debate, however, is that the number of new cases of the coronavirus from China spiked by 15,000 in the mainland, after the method for counting instances of the deadly respiratory illness was altered. That raises doubts, including in the White House, that China isn't being entirely forthright with just how bad the situation is there. As a result, stocks meandered Thursday, listlessly drifting between gains and losses. * The S&P 500 fell 0.16%. * The Dow Jones Industrial Average 0.43%. * The Nasdaq Composite lost 0.14%. * Cisco (NASDAQ:CSCO) was by far the worst-performing Dow name today, plunging 5.23% after revealing tepid guidance for the current quarter.Overall, these are not dramatic declines considering that it is clear the coronavirus situation is far from resolved. If anything, the scenario may be worsening in China and that presents a potential headwind for riskier assets.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStill, with 14 Dow stocks higher in late trading, Thursday wasn't a good day nor was it alarmingly bad. Cisco ConundrumFor tech investors, Cisco just isn't the growth story it once was. Prospects for the networking gear maker partying like it's 1999 again appear grim at this point. The company served up guidance for the current quarter of earnings of 79 cents to 81 cents a share while Wall Street was expecting 80 cents. * 7 Reasons to Own Taylor Morrison Stock As I noted earlier this month, Cisco feels a lot more like an International Business Machines (NYSE:IBM) than a Microsoft (NASDAQ:MSFT).What that means is an ultra-conservative investor may like Cisco for buybacks and dividend growth, but don't expect much in the way of capital appreciation over the near-term. Speaking of MicrosoftMicrosoft was trading slightly lower at this writing after Judge Patricia E. Campbell-Smith approved Amazon's (NASDAQ:AMZN) request for a preliminary injunction on the now controversial $10 billion JEDI contract from the Pentagon.Microsoft, to the surprise of many, particularly Amazon, won that deal and the latter has consistently cried foul since then. Amazon even wants to depose President Trump on the matter.I'm not an attorney or a law professor, but granting the injunction, which halts Microsoft's JEDI work, seems to be a slippery slope. What's to stop any company that loses out on a government contract going forward from pursuing the same action and Campbell-Smith has now established precedent that could encourage sore losers to pursue legal action.There is a $42 million penalty for Amazon should the judge eventually rule the injunction was unnecessary. No, I'm not bearish on Amazon stock. Quite the contrary, but one gets the feeling between the $42 million (assuming it's paid) and legal fees, Amazon could find plenty of better ways to spend capital. Caterpillar AgainCaterpillar (NYSE:CAT) has been getting some run in this space this month and the industrial machinery maker is back again today with good reason.Goldman Sachs upgraded the Dow stock to "buy" from "neutral," while lifting its 12-month price forecast on the stock to $168 from $156. Even at $162, the mid-point of that range, that represents decent upside from today's close around $140. Bottom Line on the Dow Jones TodayTaking a break from the intraday conversation, I figured I'd pass along some interesting research I came across that's relevant to owners of Johnson & Johnson (NYSE:JNJ), UnitedHealth Group (NYSE:UNH) and the other Dow healthcare names.The long and the short of it is, State Street sees opportunity in the group despite this being a presidential election year."The current negativity towards health care sets the stage for the sector to potentially surprise to the upside, thanks to its fundamental backdrop combined with secular tailwinds," said State Street in a recent note. "Health care firms are expected to post the strongest earnings and revenue growth in 2019 of any sector, and over the past three months, analysts have been ratcheting up their 2020 earnings-per-share (EPS) estimates for the sector."As of this writing, Todd Shriber did not own any of the aforementioned securities. He has been an InvestorPlace contributor since 2014. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 20 Stocks to Buy From the Law of Accelerating Returns * 10 Strong Lottery Ticket Stocks That Could Soar in 2020 * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Dow Jones Today: Coronavirus Controversy Reemerges appeared first on InvestorPlace.
U.S. stocks retreated from records on Thursday, albeit after paring losses, following a change in China's methodology of the COVID-19. The S&P 500 fell 0.2% to end around 3,374. The Dow Jones Industrial Average shed 128 points, or 0.4%, to end near 29,423, based on preliminary numbers. The Nasdaq Composite edged 0.1% down to around 9,712. All three major equity benchmarks finished at records on Wednesday. The S&P 500 and Nasdaq snapped a three-day winning streak. Investors balanced the broadly bullish sentiment against rising uncertainty around the coronavirus that threatens to hit China's economy and spillover elsewhere. Chinese health officials changed their methodology on how they counted confirmed cases of the coronavirus, resulting in a sharp climb in the number of cases and deaths due to the disease. A growing number of companies including Alibaba are reporting a negative impact from the viral outbreak. In other corporate news, Cisco System Inc. shares fell 5.3% even after its second-quarter even after its second-quarter profit and revenue beat Wall Street expectations.
Cisco Systems, Inc. (NASDAQ: CSCO ) reported better-than-expected fiscal second-quarter results that were overshadowed by a weak outlook. As the stock trades lower, Wall Street analysts were quick to weigh ...
DOW UPDATE Dragged down by declines for shares of Cisco and Dow Inc., the Dow Jones Industrial Average is trading down Thursday afternoon. The Dow (DJIA) was most recently trading 102 points (0.3%) lower, as shares of Cisco (CSCO) and Dow Inc.
The Dow Jones Industrial Average remained under pressure even though stocks pared steep early losses fueled by a spike in coronavirus cases.
The S&P 500 reversed its losses on Thursday as investors weighed mixed news on the coronavirus and a spate of corporate earnings. While a drop in Cisco Systems Inc shares helped keep the blue-chip Dow in the red, the S&P 500 and the Nasdaq rebounded and were both on track to eke out their fourth consecutive record closing highs.
DOW UPDATE Dragged down by negative returns for shares of Cisco and Dow Inc., the Dow Jones Industrial Average is trading down Thursday afternoon. The Dow (DJIA) was most recently trading 19 points lower (-0.
Gains in defensives helped U.S. stocks bounce off session lows on Thursday, even as sentiment remained fragile after a spike in new coronavirus cases in China renewed worries over the scale of the epidemic and its likely impact. The S&P 500 fell as much as 0.6% in early trading after China reported a record spike in deaths and thousands more infections using a new diagnosis method at Hubei, the epicenter of the outbreak. "The surge in reported cases today is a one-off change due to methodology and, by itself, does not imply an acceleration in the pace of infection," said Seema Shah, chief strategist at Principal Global Investors.
The Dow Jones recovered after a soft start Thursday despite a big drop in Cisco Systems stock. Strong earnings from Applied Materials buoyed the Nasdaq.
Defensive stocks helped the S&P 500 and the Nasdaq erase losses to trade flat on Thursday, even though a sharp rise in new coronavirus cases in China kept investors worried. The three main U.S. stock indexes had opened more than 0.5% lower as China reported a record spike in deaths and thousands more infections using a new diagnosis method at a province that is at the center of the outbreak. "The surge in reported cases today is a one-off change due to methodology and by itself, doesn't imply an acceleration in the pace of infection," said Seema Shah, chief strategist at Principal Global Investors.
On a day when the headlines are gloomy, our call of the day may not cheer you up. Pictet fund manager is warning of a stock market peak by summer, and recession by the end of the year.
While Cisco CFO Kelly Kramer said in an interview that guidance for the current quarter was “spot down the fairway,” weakening orders nonetheless led some analysts to think the guidance is optimistic.
Cisco's latest results left investors wanting, with shares falling more than 6% in morning trading on Thursday following Wednesday's report. Most analysts appear to be overly focused on Cisco's lack of growth moving into its current fiscal Q3 2020. Indeed, Cisco's CEO Chuck Robbins had previously declared that once Cisco got into calendar 2020, it would put fiscal H1 2020 behind it and recover in the second half.
Tech giant Cisco Systems was getting attention for all the wrong reasons Thursday. Cisco's getting swatted lower - down more than 6% - on the heels of a quarterly earnings that failed to impress investors. To figure out how to trade Cisco's earnings reaction, we're turning to the charts for a technical look.