The good news is that the fiscal third quarter earnings report Cisco Systems, Inc. (NASDAQ:CSCO) posted Wednesday afternoon could have been worse. The bad news is that the outlook for the current quarter could have been better. Investors, seeing the glass as half empty rather than half full, sent CSCO stock lower to the tune of 4%.
Then again, who can blame them? The economy is booming —....More>>>
U.S. stock futures are trading lower this morning. Losses are heavier in the tech-laden Nasdaq after Cisco Systems, Inc. (NASDAQ:CSCO) beat earnings but noted tightening margins. Walmart Inc (NYSE:WMT) is a highlight, however, after posting better-than-expected results driven by strong online sales.
Ahead of the open, futures on the Dow Jones Industrial Average were down 0.17%. S&P....More>>>
The ongoing trade conflict between United States and China is showing no signs of abatement. President Trump’s imposition of tariffs on Chinese imports in March triggered the trade war and it has only escalated with time. On May 15, Terry Branstad, the U.S. Ambassador to China, stated that the United States and China are “very far apart” on a resolution to the trade war.
Investors purchased shares of Cisco Systems (NASDAQ:CSCO) on weakness during trading on Tuesday. $236.68 million flowed into the stock on the tick-up and $133.40 million flowed out of the stock on the tick-down, for a money net flow of $103.28 million into the stock. Of all equities tracked, Cisco Systems had the 9th highest net in-flow for the day. Cisco Systems traded down ($0.22) for the day....More>>>
There is a famous story about Benjamin Franklin and the framing of the constitution. Dr. Franklin was the oldest and perhaps the most widely accomplished delegate to the Constitutional Convention of 1787. Dr. Franklin was quite feeble by then (He was 81, a great age for most individuals in the 18th Century and he could not stand to deliver his speeches at the convention and so attended the sessions....More>>>