Cisco shares rebound on demand

Cisco shares rebound on demand

font size Cisco CEO Chuck Robbins. Pau Parina/AFP/Getty Images Cisco Shares rose in late trading on Wednesday, after the networking giant showed signs of improvement in orders for its products. Cisco’s forecasts for the 2024 fiscal year were lower than Wall Street’s estimates, but the results of the company’s fourth fiscal quarter, which ended in … Read more

Energy Transmission is buying Crestwood Equity Partners in a $7.1 billion all-stock deal

Energy Transmission is buying Crestwood Equity Partners in a $7.1 billion all-stock deal

main sockets Energy Transfer is buying Crestwood Equity Partners for $7.1 billion in an all-stock deal. Crestwood investors will receive 2.07 Energy Transfer shares for every Crestwood share they own. The deal will help Energy Transfer expand its presence in the Williston and Delaware basins, and allow it entry into the Powder River basin. Oil … Read more

Cisco gains after the CEO points to advances in artificial intelligence and security

Cisco gains after the CEO points to advances in artificial intelligence and security

(Bloomberg) — Cisco Systems Inc. Inc., the largest maker of computer networking equipment, is in late trading after the company outlined advances in artificial intelligence and security technology, which helped ease concerns about slowing sales. Most Read from Bloomberg Cisco, which reported its fourth-quarter financial results on Wednesday, is seeing surging demand fueled by the … Read more

Walmart Stock shrugs its shoulders despite having another strong quarter. Here’s why.

Walmart Stock shrugs its shoulders despite having another strong quarter.  Here's why.

font size Walmart has gained market share in the grocery segment in the past year. Scott Olson/Getty Images Walmart Exceeding earnings expectations and raising fiscal year guidance. The stock rose slightly in pre-market trading. Wal-Mart Inc. (Stock ticker: WMT) reported adjusted earnings of $1.84 per share on revenue of $161.6 billion, an increase of 5.7%. … Read more

Roblox Stock Crashed 21% on Second-Quarter Earnings; Is RBLX stock ready to buy now? | Business Investor Daily

Roblox Stock Crashed 21% on Second-Quarter Earnings;  Is RBLX stock ready to buy now?  |  Business Investor Daily

San Mateo, California Roblox (RBLX) is a popular video game platformer that is a play on the emerging metaverse, a next-generation version of the internet. Is Roblox stock a buy in light of the current stock market rally? X Early Thursday, Roblox shares fell more than 4%, with about 28 shares changing hands, after Citigroup … Read more

SoFi crashes price target as investors show ‘more continued interest’

SoFi crashes price target as investors show 'more continued interest'

font size Last month, SoFi reported strong deposit numbers for the second quarter and beefed up its financial guidance. Justin Sullivan/Getty Images Investors are constantly becoming more interested SoFi Technologies Citi analysts said they raised their price target for the fintech stock. Citi analysts maintain their Buy rating SoFi (Stock ticker: SOFI) and cut its … Read more

After a stellar debut, shares of Vietnamese electric vehicle manufacturer VinFast fell for a second day

After a stellar debut, shares of Vietnamese electric vehicle manufacturer VinFast fell for a second day

Written by Medha Singh (Reuters) – Shares of Vietnamese electric car maker VinFast fell for the second straight session on Thursday, giving up some gains from a surprise rally in a Wall Street debut that saw it outperform the market valuations of Ford and General Motors. VinFast shares are down 20%, weighing on the Nasdaq … Read more

Billionaire investor David Tepper has 46% of his portfolio invested in 5 hot artificial intelligence (AI) growth stocks — but he made some big changes this quarter

Billionaire investor David Tepper has 46% of his portfolio invested in 5 hot artificial intelligence (AI) growth stocks — but he made some big changes this quarter

David Tepper has developed a large following on Wall Street. The billionaire heads Appaloosa Management – ​​the hedge fund he founded in 1993. He has been called “the greatest hedge fund manager of his generation” by the billionaire. Forbes magazine and has “consistently outperformed peers in the industry and broader global markets since Appaloosa’s inception,” … Read more