|Day Low/High||56.61 / 58.34|
|52 Wk Low/High||44.15 / 64.28|
CSCO is still the largest supplier of computer networking gear even if that lead has dwindled.
The indexes are assumed to be representative of overall market health when the reality is they are misrepresenting it.
The short answer is yes, as the shares of cosmetics maker Estee Lauder have shown over the years when they've become overvalued.
IBM, Intel, and Cisco have bright growth outlooks and should offer many years of dividend increases ahead.
Energy prices have turned out to be the primary driver for what now appears to be 'out of control' consumer-level prices.
The indexes have been hiding poor action in growth stocks and better action in small-caps.
The most startling takeaway from Tuesday, I don't think came from our financial markets.
Let's check the charts and indicators of CSCO, which just completed its annual investors day.
Let's look at how we can go higher and what must go right before the advance has staying power.
Plus, checking out trades related to Amazon, Macy's and a few defense and metals stocks.
Equity markets rallied out of an "almost deep" hole earlier in the day to finish the session close enough to unchanged. The S&P 500 tacked on 5 points or 0.13%, while the Nasdaq Composite picked up 15 points or 0.11%. The Dow Industrials closed down...
The U.S. evacuation of Kabul is not really a market story, but it is deeply embarrassing, and an obvious weight upon sentiment.
Last week was the first week in ages that I thought there was as much good inflation news as bad even as very few seemed to notice it.
Do you know any business leaders? None of them are going to like the idea of higher corporate taxes. None of them.
The shares have been in a rally phase since early November.
The March ISM manufacturing index rose to 64.7 from 60.8 and that was above the estimate of 61.5 and the highest since 1983. New orders rose +3.2 points month over month to 68 while backlogs were up a similar amount to 67.5. Inventories got back abo...
The chip giant is clearly thinking big under new CEO Pat Gelsinger. But a turnaround will take time to pull off.
One possible outcome: The party ends relatively soon for some of the more speculative names, while other high-multiple stocks remain strong until inflation and the Fed become issues.
ARKK is an excellent proxy for the exaggerated speculation in large cap disruptive technology.
* In this market cycle, ARK Invest is at the forefront of investing in disruptive technology * But I hear the echoes of the "Nifty Fifty Era" and The Dot.com Boom in today's current market conditions * ARK is not the first to shoot lights out in the...