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The next wave of the Internet is already underway – here are seven companies poised to power this digital revolution.
Jim Cramer says the action in the stocks of Coca-Cola and Cisco could be signaling fundamental change in the market.
Microsoft, Cisco and Walmart hit buy zones Friday. But the Dow Jones stocks share some flaws. Walmart earnings are due Tuesday.
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Benzinga featured looks at many investor favorite stocks over the past week. Bullish calls included an old-school tech giant and an EV leader. Bearish calls included a couple of consumer goods producers. ...
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The stock market rally continued in the latest week, with more top stocks breaking out. Cisco, Nvidia and many top software stocks rallied on earnings.
The Internet of Things specialist's stock crashed hard on Thursday due to a sluggish earnings report, then recovered a bit on Friday on no news at all.
The Latest Trends in Tech: Amazon, Google, Cisco, Apple, and Dish(Continued from Prior Part)Tariffs could rise furtherCisco (CSCO) announced its fiscal 2019 second-quarter earnings results (for the quarter that ended in January 2019) on February
Shares of Nike (NYSE:NKE) have been sprinting higher, giving investors a good old case of the FOMOs (fear of missing out). Hindsight is 20/20 of course, but investors had a terrific opportunity to gobble up Nike stock in late-December, right as the overall market was capitulating."Well duh, we had a great chance to buy almost every stock in late-December, Bret."Obviously most stocks were under pressure as the markets tumbled into the Christmas holiday, but NKE stock was a unique situation. That's because the company just turned in a strong fiscal-second quarter earnings report on Thursday, Dec. 20. The market bottomed on Monday, Dec. 24, was closed the next day and started its surge on Dec. 26.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Hot Stocks Leading the Market's Blitz Higher Of course the market completely ignored this common-sense rationale and slammed Nike stock lower with the rest of the Dow. But longer term investors with an ounce patience recognized the situation for what it was: A buying opportunity. Lacing Up with Nike StockLast quarter, earnings of 52 cents per share came in seven cents a share ahead of expectations. Revenue of $9.37 billion topped estimates by $200 million and grew 9.6% year-over-year (YoY).Aside from a top- and bottom- line beat, gross margins topped consensus estimates while inventories decreased YoY. Growth and margin expansion were led by Nike's direct-to-consumer business.Overall, it was a strong quarter for the company and that's when investors should have been jumping all over NKE. Worth noting, the company is almost done with its four-year $12 billion share buyback plan. That means Nike will soon embark on its four-year $15 billion buyback plan.Over the last few days, shares have been getting an extra boost. That's as a potential trade deal between China and the U.S. is growing increasingly likely. That's a plus for Nike, which does considerable business in China. But shares have also been on the move following an earnings and revenue beat and solid outlook from Under Armour (NYSE:UAA, NYSE:UA).That gives Nike stock investors confidence that it's business as usual for the king of sports apparel.As it stands, analysts expect Nike to earn $2.65 per share this year, 11% growth from fiscal 2018. In fiscal 2020 (next year, but begins in two quarters), expectations call for 18.5% earnings growth. Further, forecasts call for 7.8% revenue growth in both years.That's a solid growth profile if Nike can achieve it. Even more so, if the company can accelerate its earnings growth in the significant manner that analysts currently expect, it will represent growing profitability and give investors one more reason to justify buying the stock. Trading NKE Stock Click to EnlargeThere's a difference between a broken stock and a broken company. The former, like Nike in December, is a company with strong fundamentals but a stock is disarray. The latter adds fundamental turmoil to the situation.So the question is, can Nike stock get to $100 a share? According to Oppenheimer analysts' new price target, the answer is yes. "We have turned even more impressed with the underlying operating prowess of the company and its brand," the analysts said, noting that margins should continue to improve.NKE stock is coming in hot to its prior highs. As such, shares sport an RSI reading of 76 (green circle), suggesting an overbought condition. This isn't a reason to sell the stock, but it is a consideration on waiting for a pullback and/or some consolidation.Is it possible that Nike powers through resistance to new highs and becomes even more overbought in the short term? Of course! My thought is that we'll eventually get a trade deal with China, but I would be surprised if don't get some negative headlines first. Something like, "Trade Deal in Jeopardy," or "U.S.-China Trade Talks Stall."That could send Nike and a host of others into a pullback and that could be our buying opportunity. As it stands, I'm waiting on Nike stock. But a trade deal coupled with a breakout over $86 could send NKE stock to $100 this year.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 * The 10 Best ETFs You Can Buy * 7 Reasons Stock Buybacks Should Be Illegal * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? Compare Brokers The post Nike Stock Is Set to Surge to $100 Sooner Than You Think appeared first on InvestorPlace.
Cisco Stock Up 3.92% after Upbeat Q2 Earnings(Continued from Prior Part)Strong cash flows Cisco Systems (CSCO) ended the second quarter of 2019 with an operating cash flow of $3.8 billion, down 7% YoY. The figure includes the payment of $0.8 billion
The typical Facebook employee makes double what the typical household in Silicon Valley makes — even as the region's household earnings rose to an all-time high last year.
Throughout this earnings season, stocks and sentiment have swung on tech companies’ complaints about softening orders from customers worried about geopolitical unrest and a slowing of the market for data-center equipment.
Accelerating wage increases are putting pressure on profits, but Goldman Sachs finds that these companies are positioned to maintain their margins.
Cramer said what was once an easy question to answer has now become a lot more complicated. According to the hedge fund playbook, at this point in the economic cycle, when interest rates are rising, money managers would be selling high multiple stocks, like tech, and start piling into "safety" stocks like the consumer packaged goods companies. It turns out, carbonated beverages are a lot more discretionary than even the company expected.
Successful IPOs generally have a favorable supply-and-demand situation. New IPOs generally show a small float. That can magnify any bullish sentiment.
, arguably the most powerful consumer products company of all time, purveyor of something drunk through thick and thin, saw its stock rocked when its CEO guided to a very downbeat forecast, much worse than expected, citing macroeconomic forces. It was a poignant coda to the December retail sales figures that came out this morning, an extremely disappointing report, the worst in nine years. , the company that pioneered networking equipment and has now developed into an indispensable software and hardware powerhouse, raised its forecast, boosted its dividend and announced a big expansion of its gigantic buyback.
CNBC's Jim Cramer says the action in the stocks of Coca-Cola and Cisco could be signaling fundamental change in the market. "I think it says that digital technology has become essential no matter how tortured the times," the "Mad Money" host says. The action in two key stocks — Coca-Cola KO and Cisco Systems CSCO — is telling CNBC's Jim Cramer that the stocks people have long deemed to be "safe" investments might not be so safe anymore.
The S&P 500 and the Dow slipped while the Nasdaq posted a slim gain on Thursday as investors struggled to square grim retail sales data with hopes that high-level talks in Beijing could resolve the ongoing U.S.-China trade dispute. Paring earlier losses, the S&P 500 held above its 200-day moving average, a key technical level, for the third straight session.