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

Cisco, Wolfspeed, Ball, Hawaiian Electric, Walmart, and more stock market movers

Cisco, Wolfspeed, Ball, Hawaiian Electric, Walmart, and more stock market movers

font size Networking giant Cisco Systems reported fourth-quarter earnings and sales that beat analyst estimates. Gabriel Boyes/AFP via Getty Images Stock futures traded with slight gains on Thursday after Wall Street closed lower following the release of minutes from the Federal Reserve’s July meeting which indicated that officials think they may have to continue raising … 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

JD.com stock fell after the earnings. The company cannot shake the gloom of China.

JD.com stock fell after the earnings.  The company cannot shake the gloom of China.

font size JD.com reported strong results for the second quarter, but the overall picture is weighing on investors. Kevin Fryer/Getty Images JD.com It smashed earnings expectations, but the e-commerce giant’s stock was falling on Wednesday, in a reflection of gloom in Chinese markets amid fears of a slowdown in the world’s second-largest economy. JD.com (Stock … Read more

J&J’s Kenvo deal may be very popular. What happens if it is.

J&J's Kenvo deal may be very popular.  What happens if it is.

font size Johnson & Johnson took consumer health company Kenvue public in May. Mark Ralston / Getty Images Johnson and Johnson ‘s $40 billion stock exchange offer Kinfu It is likely to generate strong interest from the healthcare company’s shareholders, resulting in participants being able to swap only a portion of their J&J stock. Johnson … Read more

American Steel is looking at options after being offered by Cleveland-Cliffs

American Steel is looking at options after being offered by Cleveland-Cliffs

Consolidation may be coming to the US steel industry. Ina Fassbender/AFP via Getty Images font size Investors should prepare for volatile trading in steel stocks to start a new week. Steel company built by Andrew Carnegie JPMorgan You may not be independent for much longer. Sunday, United States Steel (Stock ticker: X), the steelmaker founded … Read more