|Bid||45.00 x 3200|
|Ask||45.05 x 3100|
|Day's Range||44.81 - 45.64|
|52 Week Range||40.25 - 58.26|
|Beta (3Y Monthly)||1.26|
|PE Ratio (TTM)||17.94|
|Earnings Date||Feb 11, 2020 - Feb 17, 2020|
|Forward Dividend & Yield||1.40 (3.12%)|
|1y Target Est||52.36|
These 3 stocks did not help the Dow Jones Industrial Average finish Friday above 28000. Here are the bottom 3 losing stocks from this week.
Cisco Systems, Inc. (NASDAQ:CSCO) shares fell 7.7% to US$45.09 in the week since its latest first-quarter results. It...
Cymplify's IoT cyber security technology will help Check Point (CHKP) to proactively combat IoT-related threats and vulnerabilities without affecting critical operations.
The major indexes hit fresh highs this week. Disney spiked on Disney+ users. RH got a Warren Buffett boost. Applied Materials, Datadog soared on earnings. Walmart and Cisco fell on results.
Beijing is angered by measure, which has passed House and is expected to win approval in Senate. That adds to uncertainty worrying investors buffeted by Brexit, impeachment, and a slowing global economy.
On the earnings side, the pendulum also swung for Nvidia Corporation (NASDAQ: NVDA). The stock fluctuated between gains and losses in futures trading after the chipmaker beat analysts’ Q3 earnings and revenue estimates but issued Q4 revenue guidance slightly below Street views. Investors don’t seem to know right away what to make of its results, judging by the stock moves.
DOW UPDATE Powered by positive gains for shares of Walgreens Boots and Intel, the Dow Jones Industrial Average is climbing Friday morning. The Dow (DJIA) was most recently trading 105 points, or 0.4%, higher, as shares of Walgreens Boots (WBA) and Intel (INTC) have contributed to the index's intraday rally.
Investors should pay attention to the latest China economic data, increasing competition from Chinese startups, and the battle for technology leadership between the U.S. and China.
STOCKSTOWATCHTODAY BLOG Three numbers to start your day: The U.S.Postal Service Had a Loss of $8.8 Billion —over the past year. The post office reported its fiscal fourth-quarter numbers on Thursday. The enormous loss comes with a simple explanation: People are sending less mail every year.
Cisco shares fell nearly 8% in response to disappointing Q2 guidance. However, I believe that this sell-off gives long-term investors a chance to buy shares at a discount.
(Bloomberg Opinion) -- The global bond market rallied for a second consecutive day on Thursday in an awkward development for the growing chorus of voices that have cropped up the last few weeks contending that the synchronized global slowdown was over. From China to Germany, and from Cisco Systems Inc. to freight shipments, the latest data show it’s too soon to turn optimistic.In China, industrial output rose 4.7% in October from a year earlier, below the median estimate of 5.4%. Germany did post a surprise expansion in its gross domestic product for the third quarter, but that came with plenty of caveats. For one, the increase was only 0.1%, and the contraction for the second quarter was deeper than initially reported — negative 0.2% versus negative 0.1%. In the U.S., economists were passing around the latest Cass Freight Index for October, which fell 5.9% to mark its 11th consecutive year-over-year decline. This gauge has been around since 1995 and tracks freight volumes and expenditures by hundreds of companies in North America conducting $28 billion of transactions annually. More important, the compilers of the index noted in the latest survey that the index “has gone from ‘warning of a potential slowdown’ to ‘signaling an economic contraction.’” Cisco is not in the freight business, but comments by Chief Executive Officer Chuck Robbins late Wednesday after the computer company released fiscal second-quarter results echoed the sentiment in the freight industry. “Just go around the world and you see what’s happening in Hong Kong, you look at China, what’s happening in D.C., you’ve got Brexit, uncertainty in Latin America,” he said on a conference call with investors and analysts. “Business confidence suffers when there’s a lack of clarity, and there’s been a lack of clarity for so long that it’s finally come into play.”Maybe the global economy isn’t worsening, but it’s too soon to say an upswing is underway. Despite the sell-off in the bond market since September, yields are still showing caution. Yields on bonds worldwide as measured by the Bloomberg Barclays Global Aggregate Index stand at 1.45%, which is closer to its all-time low of 1.07% in 2016 than last year’s high of 2.27% in November.AWASH IN MORE DEBTThe Institute of International Finance came out with its quarterly look at the mountain of global debt, concluding that it rose by about $7 trillion in the first half of the year to a record of just more than $250 trillion. That increase is more double the $3.3 trillion expansion for all of last year. It pegs global debt, which it sees expanding to $255 trillion by the end of the year, at a lofty 320% of global GDP. It’s no surprise that the world is awash in debt, but yields show there seems to be a dearth of it for the public because of massive purchases by central banks. As of October, the collective balance-sheet assets of the Federal Reserve, European Central Bank, Bank of Japan and Bank of England stood at 35.7% of their countries’ total GDP, up from about 10% in 2008. Still, this is no time to be complacent. The IIF points out that much of the growth in debt has come in emerging markets, which is generally considered riskier than that of developed economies and where central banks are not doing things like quantitative easing. This could become an issue relatively quickly; the IIF pointed out that $9.4 trillion of bonds and syndicated loans from emerging markets come due by the end of 2021.CORPORATE CASH SHRINKSThe latest doubts about the strength of the economy kept the S&P 500 Index little changed for a second consecutive day. Perhaps that’s for the better because falling interest rates and bond yields are perhaps the single-biggest reason equities are up 23.4% this year in the absence of earnings growth. The second is probably share repurchases. But a new report from Societe General SA raises concern that the cash companies use to fund those buybacks is being depleted. “A boon for U.S. share buybacks” has left companies with less cash in their coffers, Societe Generale strategists Sophie Huynh and Alain Bokobza wrote in a report. Cash and money-market investments held by companies in the S&P 500 peaked in 2018’s first quarter on a per-share basis before falling 5.3% through the third quarter of this year, according to Bloomberg News’s David Wilson. S&P 500 companies have bought back the equivalent of 22% of their market value since 2010, the Societe Generale strategists noted in their report.CHILEAN CRISIS ENTERS NEW PHASEThe chaos in Chile, long known as the safest bet in Latin America, has become so bad that not even direct intervention by the nation’s central bank was able to reverse the slide in the peso. The currency fell about 1% Thursday, bringing its slide to 11.4% since mid-October. That’s the worst of the 31 major currencies tracked by Bloomberg and more than five times the next biggest loser, the Hungarian forint. What should have investors worried is that the peso depreciated even after the central bank announced a $4 billion currency swap program to ease liquidity in the market amid the worst civil unrest in a generation. “I don’t think it will help stop the sell-off in any way,” Brendan McKenna, a currency strategist at Wells Fargo, told Bloomberg News in reference to the swaps program. “There has to be some breakthrough on the political front for the currency to stabilize.” Foreign investors have been especially rattled since the government said Sunday that it backed plans to rewrite the constitution in response to four weeks of riots and protests in support of better pensions, wages, education and health care. If that were to happen, it’s possible the government would swing too far to the populist left to the detriment of the economy. FOLLOW THE CLIMATE CHANGE MONEYDespite the overwhelming evidence about climate change, there is still an alarming number of deniers. But if it was really all a big hoax or overblown, then why are the world’s biggest, most influential investment firms steering away from areas that are likely to be hit the hardest, such as the coasts? Goldman Sachs Group Inc. is considering real estate markets including Denver; Austin, Texas; and Nashville, Jeffrey Fine, a managing director at the firm’s merchant-banking division, said Thursday at a conference hosted by the NYU School of Professional Studies. Fine may not have specifically cited climate change, but according to Bloomberg News’s Gillian Tan, he did note that more companies and young people are moving away from the coasts. The Fed held its first conference on climate change last week in San Francisco, with one central bank official saying it has the potential to “displace people permanently” amid damaging wildfires in California and storms punishing the Eastern Seaboard. About 3 billion people — or some 40 percent of the world’s population — live within 200 kilometers (124 miles) of a coastline, according to Bloomberg News. It’s projected that by 2050 more than 1 billion will live directly at the water’s edge.TEA LEAVESThe idea that the U.S. consumer was strong and carrying the economy took a hit a month ago when Commerce Department data showed that retail sales in September fell unexpectedly. The 0.3% decline from August was directly opposite the 0.3% advance expected based on the median estimate of economists surveyed by Bloomberg. That’s why Friday’s update from the government on October retail sales is so critical, especially heading into the holiday sales season. Economists are calling for a 0.2% rebound. Bloomberg Economics isn’t so optimistic, saying that decelerating wage growth suggests household demand will moderate. It is forecasting no change in spending. Although the headline number will get the attention, the smart money will be looking at sales among a control group that are used to calculate GDP and exclude food services, auto dealers, building-material stores and gas stations. By that measure, sales are seen rising 0.3% from no change in September.DON’T MISS Stock Investors Could Use a Refresher on the Basics: Nir Kaissar You Care About Earnings? The Stock Market Doesn’t: John Authers Too Many Young American Men Still Aren’t Working: Justin Fox Brazil’s Politics and Economics Are Growing Apart: Mac Margolis Matt Levine's Money Stuff: You Can Buy Almost All the StocksTo contact the author of this story: Robert Burgess at email@example.comTo contact the editor responsible for this story: Daniel Niemi at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Robert Burgess is an editor for Bloomberg Opinion. He is the former global executive editor in charge of financial markets for Bloomberg News. As managing editor, he led the company’s news coverage of credit markets during the global financial crisis.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Markets drifted just below the break-even line for much of the day despite some solid comments from Federal Reserve Chairman Jerome Powell regarding the strength of the U.S. economy.Source: FinViz * The S&P 500 gained 0.08% * The Dow Jones Industrial Average was flat * The Nasdaq Composite lost 0.03% * Cisco Systems was by far the worst-performing Dow Jones stock, plunging 7.3% on the day."Our forecast is, and our expectation very much is, one of continued moderate growth," said Powell in testimony before the House Budget Committee today. "The U.S. economy is the star economy these days … There is no reason to think that I could see that the probability of a recession is at all elevated at this time."Certainly, it's good news that the world's largest economy has star status and that status is all the more important with the holiday shopping season upon us.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Stocks to Buy Under $10 "With over 1 million additional people hired and receiving paychecks relative to 2018, there appears to be a greater absolute number of people with incomes to spend," said Main Management in a recent research piece. "If the increased number of hires is paired with sharply lower layoffs for the past two months, the scenario further improves. The National Retail Federation spending forecast for November and December 2019 appears to underscore this assessment. As a result, the odds of a green Christmas continue to improve."However, economic ebullience was held at bay today as 21 of the Dow's 30 members were lower in late trading. Cisco CrumblesAs noted earlier, Cisco (NASDAQ:CSCO) was easily the worst-performing member of the Dow Jones today. The communications gear giant reported fiscal first-quarter results after the close yesterday, saying it earned 84 cents a share on revenue of $13.20 billion. Wall Street was expecting 81 cents a share on sales of $13.09 billion.Cisco's results weren't the problem. Outlook for the current quarter was. For the fiscal second quarter, California-based Cisco expects to earn 75 cents to 77 cents, below the 79 cents analysts were expecting. The company also forecast a revenue decline of 3% to 5%. More EarningsKeeping with the themes of earnings and consumer spending, Walmart (NYSE:WMT), perhaps surprisingly, was also among the Dow losers today, shedding 0.27%. Before the bell today, the world's largest retailer said third-quarter same-store sales rose 3.2%, better than the 3% Wall Street expected. Overall quarterly results were tepid due in large part to foreign currency issues (strong dollar), but Walmart's forecast was impressive.The company said it expects year-over-year earnings growth, better than previous guidance of no growth."The U.S. and Sam's Club units posted 3.2% and 0.8% third-quarter comparable growth, respectively (the latter includes fuel and a 350 basis point headwind from tobacco), bracketing our 3.0% and 2.0% respective targets," said Morningstar in a note out earlier today. "Its international unit (about 25% of net sales versus 65% for the U.S. unit and 10% for Sam's) saw 1.3% sales growth versus our 1.8% mark." You Don't See This EverydayTo be fair, shares of Apple (NASDAQ:AAPL) lost just 0.69% today, a meager decline relative to the iPhone maker's recently torrid performance. What's notable isn't Apple's Thursday drop, but what caused it. Maxim Group analyst Nehal Chokshi downgraded Apple to "sell" from "hold" today.It takes some guts to be bearish on Apple. There are 44 analysts covering the stock and 38 are somewhere between neutral and highly bullish on the name, so being bearish on Apple puts an analyst in a sparsely populated group. * 7 Inexpensive, High-Dividend ETFs to Buy "We expect operating profit to decline y/y to our below consensus iPhone view, despite ongoing growth in services and wearables," said Chokshi. Bottom Line on the Dow Jones TodayOver the immediate term, retail sales, holiday shopping, trade and Fed talk are the likely drivers investors will need to absorb, but with a glance toward 2020, trade and some other issues will be on the docket."Yet there have been signs recently that global manufacturing activity may be bottoming and that U.S.-China trade tensions may be abating, at least temporarily," according to BlackRock. "This pause in the protectionist push has helped fuel recent risk asset rallies -- and helps keep us moderately pro-risk. A potential wildcard for 2020 that we'll be debating: The market implications of the U.S. presidential election campaign and its result."As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * These 10 Stocks to Buy Make the Perfect 'Retirement' Portfolio * 5 Streaming Stocks to Buy for Huge Upside Over the Next Decade The post Dow Jones Today: Cisco Disappoints, While a Bold Call Hits Apple Stock appeared first on InvestorPlace.
The benchmark S&P 500 stock index posted a slim gain to end with a record closing high on Thursday, as a dour forecast from tech stalwart Cisco Systems was offset by a strong report from big box retailer Walmart. The Dow index ended barely negative, after posting a closing high on Wednesday, while the Nasdaq also ended fractionally lower.
Cisco guidance for its second quarter fell short of targets. Management cited weakening business confidence amid U.S.-China trade war, Hong Kong on its earnings call. Cisco stock fell.
U.S. stock benchmarks finished virtually unchanged on Thursday but the S&P 500 managed a tepid record close, as as hopes that the U.S. and China would soon finalize a trade agreement began to fade. The S&P 500 index closed up less than 0.1% at 3,096. Meanwhile, the Dow Jones Industrial Average finished little-changed at 27,781 and the Nasdaq Composite Index finished slightly lower at 8,479. Technology stocks fell as Cisco Systems Inc. slumped after earnings fell short of expectations, suggesting business are avoiding investment amid President Trump's trade clash with China. Shares of Cisco ended the day down 7.3% lower on Thursday, leading losers among Dow components.
Investors took pause on Thursday, as equities cooled off a bit and a few key earnings reports rolled in. Let's take a closer look at a few top stock trades going into the end of the week. Top Stock Trades for Tomorrow No. 1: Cisco Systems (CSCO)Cisco Systems (NASDAQ:CSCO) is getting hammered after reporting earnings. Shares are down more than 7% and have been for most of session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBelow $46 does not bode well for CSCO. That area has been support since August. A series of lower highs (blue line) was squeezing Cisco lower, but a positive earnings reaction could have ended that trend.Instead, support is giving way, opening the door to the 23.6% retracement at $43.55. If that doesn't hold, a decline into the $42.75 area could be next. * 10 Cheap Stocks to Buy Under $10 On the upside, see if CSCO reclaims $46. Above that level, the 50-day moving average is possible. Top Stock Trades for Tomorrow No. 2: Uber (UBER)Uber (NYSE:UBER) stock is just a hair above its 52-week lows. When Uber reported earnings earlier this month, we noted the decisive move the stock made through its recent lows.That set the tone for a collapse down to $25.58, the current all-time low. Just above that figure now, Uber is setting up for a make-or-break situation.Either the recent low holds as support and Uber rebounds or it doesn't and shares continue to break down. The stock is down almost 50% from the 52-week high of $47.08, and investors seem to want nothing to do with Uber.A look-below-and-fail is possible -- where Uber stock briefly breaks to new lows and snaps back -- but until shares are able to reclaim the $28.50 area, Uber looks unattractive on the long side. Top Stock Trades for Tomorrow No. 3: Canopy Growth (CGC)Just recently, we thought Canopy Growth (NYSE:CGC) could be putting in a bottom. Shares were finding support near $18 for about a month, and after a big rally, had actually taken out downtrend resistance (blue line).Now though, shares are being walloped on earnings, down more than 13%. The move sends Canopy to new 52-week lows and well below recent support.This one is a no-touch for me, as it is firmly in no man's land.If it can reclaim $16.75 -- a significant area on the multiyear chart -- then perhaps we could get a rebound back up to the 200-week moving average near $19.70 (not shown above). But wait to see the strength first, there's no need to be a hero. Top Stock Trades for Tomorrow No. 4: Roku (Roku)What a beast Roku (NASDAQ:ROKU) has been. The stock gave short-term traders an excellent red-to-green setup on Thursday morning, as it continues to move well from its post-earnings low.The August gap-up near $118 held on the post-earnings gap down last week. Since then, shares are up about $30 apiece.Now, $150 could either act as the brakes to the recent move or the accelerator back up to $160-plus. If Roku pushes higher, it would be encouraging to see $150 act as support on a pullback. If $150 acts as resistance now, see where buyers step in, perhaps at the 20-day moving average.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * These 10 Stocks to Buy Make the Perfect 'Retirement' Portfolio * 5 Streaming Stocks to Buy for Huge Upside Over the Next Decade The post 4 Top Stock Trades for Friday: CSCO, UBER, CGC and ROKU appeared first on InvestorPlace.
Cisco Systems gapped lower today, breaking nearby support to make a new low for the move down. We looked at CSCO back in the middle of August and concluded that "It looks like CSCO could continue to act as a bearish drag on the Dow Jones Industrial Average.
The Dow Jones Industrial Average pared its loss slightly while the S&P; 500 edged higher heading into the last hour of trading in the stock market today.