|Bid||0.00 x 21500|
|Ask||0.00 x 800|
|Day's Range||46.03 - 46.58|
|52 Week Range||40.25 - 58.26|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||17.76|
|Earnings Date||Nov 13, 2019|
|Forward Dividend & Yield||1.40 (3.04%)|
|1y Target Est||55.25|
The Zacks Analyst Blog Highlights: Cisco Systems, SAP, Gilead Sciences, Bank of America and Caterpillar
Cisco Systems (CSCO) is benefiting from its expanding footprint in the rapidly growing security market. Further, partnerships and accretive acquisitions will boost the company's revenue base.
October 15, 2019 - AppDynamics, a Cisco company and the world’s largest and fastest growing APM vendor, today released the latest report in its App Attention Index research series, revealing the emergence of ‘The Era of The Digital Reflex’ - a seismic shift in the way consumers interact and engage with digital services and applications. The global study, which examines consumers’ reliance on applications and digital services, also identified how these digital dependencies impact consumers’ expectations of the businesses and brands they engage with, their increasing intolerance of performance problems and the urgency with which brands must take action in order to remain relevant and competitive in a world where application loyalty is the new brand loyalty.
CrowdStrike (CRWD) fell 9.5% today to close at $54.52. Analyst Walter Pritchard initiated coverage on CRWD with a “sell” rating and a target price of $43.
Throughout 2019, the Technology sector has been flying high as the top performing sector. Heading into Q4, Technology companies and investors alike have begun to show concerns over the macro environment, and that’s arguably starting to show up in the sector’s performance. Plus, they’re paying close attention to the US-China trade front where the market tends to swing on emotions day to day, with one headline bringing us up and another taking us down.
Real in the sense that investors will finally have something solid to trade on and not just the latest back and forth around trade talks with China—like the one that helped spike stocks on Friday and now has them looking softer (see more below). Later this week brings Bank of America Corp (NYSE: BAC) and Morgan Stanley (NYSE: MS).
SAN JOSE, Calif. , Oct. 11, 2019 /PRNewswire/ -- Cisco (NASDAQ: CSCO) today announced it has completed the acquisition of privately-held CloudCherry based in Salt Lake City, UT . CloudCherry is a Customer ...
Wall Street is breathing easier today. But given that it is October and the art of deal-making is far from certain these days, investors can tread more confidently if they choose income-generating, blue-chip stocks that are well-positioned for winning the trade war. Let me explain.The Dow Jones Industrial Average is nearly through the first half of October -- a month notorious for spooking investors -- and so far a market correction still hasn't happened. That's not to say the period hasn't been without incident or that a correction won't make an appearance this year. The fact is elevated volatility, back-and-forth political intrigue and mixed economic data offering jeers and cheers have been a staple on Wall Street this month. Nevertheless, a pullback which saw blue-chip stocks lose as much as 4.25% in early October has been completely retraced as of Friday's intraday trade.So, where exactly does that leave investors, other than a flat October, which may feel like a victory?InvestorPlace - Stock Market News, Stock Advice & Trading TipsGiven that deal-making hasn't been a proven hallmark of U.S. President Donald Trump, I'm not holding my breath that today's market optimism for a partial trade deal with China won't be derailed by a tweet or temper tantrum. Of course, something else out of left field or maybe the continued saga of Donald and the Giant Impeach could always find Wall Street pulling up its bootstraps and getting defensive again. * 7 Beverage Stocks to Buy Now With all of that said, I'm recommending investors stick with blue-chip stocks. Risk-assets of this caliber have prevailed over bear markets, weathered all sorts of political theater and will pay investors for their patience. And right now three of these names also enjoy negotiating power for bulls on the price charts. Blue-Chip Stocks to Buy: Disney (DIS)Disney (NYSE:DIS) is the first of the blue-chip stocks to buy. The diversified entertainment giant hit all-time-highs in late July fueled by a breakout from a near three-year long triangle pattern.Shares of this blue-chip pay investors a below-market dividend of 1.36%. That's nothing to write home about, but it's a little something for your time. Moreover, DIS stock offers investors nice prospects for continued growth. And my guess is Disney's deeper move into the streaming market with Disney+ later this year and against the likes of Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN) and Apple (NASDAQ:AAPL), will prove to be the company's newest stock booster.With an oversold DIS stock pulling back to test its 40-week simple moving average, lower Bollinger Band and 50% retracement level in an inside doji bottoming pattern, this blue-chip stock is nearly ready to buy.DIS Stock Strategy: My advice is to buy DIS stock on confirmation of the two-week candlestick bottoming pattern as shares trade through $131.78. I'd give this blue-chip stock a bit of wiggle room, but if shares fall below $126.50, exiting the position and keeping the powder dry for stronger opportunities makes sense. Cisco Systems (CSCO)Cisco Systems (NASDAQ:CSCO) is the next of our blue-chip stocks to buy. And you can thank Goldman Sachs for putting CSCO stock into a better position for buying. On Thursday, the investment firm warned Cisco's enterprise revenues will weaken while its telecom spending will remain at depressed levels. Investors reacted by sending shares down 1.47%.The combination in CSCO stock I'm looking at is much more upbeat. Today's buyers can get into this blue-chip as it offers a 3% yield backed by price action that's setting up a corrective double-bottom inside a very strong technical support zone. * 10 Winning Stocks to Buy and Stick With for the Long Haul CSCO Stock Strategy: My advice in this blue-chip stock is to buy shares next week if the hammer candlestick is confirmed above $48.13. All chips are off the table if the pattern fails and investors would be smart to exit or risk a much larger correction toward possibly $40 a share. AT&T (T)Not that I've saved the best for last, but AT&T (NYSE:T) is a blue-chip stock whose attractive income stream of 5.50%, relative strength and pattern on the price chart make it ripe for buying.Shares are in position to stage a breakout from a tight multi-week consolidation that has found support from prior highs and above T stock's cup-shaped base of nearly 2.5-years. Bullish investors might also see the current pattern as a "high" handle formation. Either way, the price action bodes well for a continued rally into 2020.T Stock Strategy: The plan for buying this blue-chip stock is simple. Wait for T stock to trade above resistance and purchase shares through $38.22. And respect the pattern low for exiting if needed, as an even larger yield may not be worth the trouble.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post 3 Blue-Chip Stocks to Buy In October appeared first on InvestorPlace.
Shopify (NYSE:SHOP) stock has plateaued. SHOP had a massive run-up, as Shopify stock more than tripled in eight months. However, SHOP stock pulled back dramatically in August and has traded in a range since that time.Source: justplay1412 / Shutterstock.com Now many wonder what SHOP stock will do next. Will it retest its all-time high of $409.61 per share or will it resume its decline? Imagine the UnimaginableShopify stock is a long-term winner. However, the owners of SHOP stock have a lot to worry about in both the short and the medium term. InvestorPlace contributor Luke Lango, a SHOP bull, described the recent 23% decline since August as a normal, healthy pullback. Stocks that are in a longer-term rally commonly undergo such declines, and he may well be correct.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 A-Rated Stocks to Buy for the Rest of 2019 However, the behavior of SHOP stock could also serve as a reminder that the "unimaginable" routinely occurs in the stock market. Unfortunately, SHOP stock is poised for a massive drop if investors' sentiment turns negative.Shopify stock still trades at 330 times its forward earnings. At that level, it would have to fall almost 90% from its all-time high before it would no longer be overvalued by traditional standards.But such drops happen even to even to solid companies. In September of last year, many thought Nvidia (NASDAQ:NVDA) could do no wrong as NVDA stock climbed north of $290 per share. I can also remember when people thought the same about Cisco (NASDAQ:CSCO). At one point in early 2000, CSCO rose above $80 per share, briefly becoming the world's most valuable stock.However, NVDA stock lost about 60% in less than three months last year. Cisco would go on to lose 90% of its value over two years as the tech boom went bust. Nearly 20 years later, CSCO stock has not yet regained its all-time high. Competitors, Economy Could Hurt ShopifyBut is it possible that those who are bullish on SHOP stock will be proven correct? Of course. The unimaginable happens every day. InvestorPlace contributor and Shopify stock bull Nicolas Chahine predicts that, "the breakout in either direction will be strong." I agree with his assertion.Still, many signs indicate that SHOP stock cannot continue to trade at such high valuations. Unlike some other stocks that have broken out to the same extent, Shopify has competition. WordPress developers tend to gravitate toward WooCommerce. Adobe's (NASDAQ:ADBE) purchase of Magento has made ADBE a competitor of SHOP.Furthermore, if a recession occurs, it will probably hit the small and medium-sized business that Shopify serves will be especially hard-hit. Shopify could attract new business as unemployed workers scramble for a way to earn money. However, that turnover will create uncertainty that could lead investors to question the high valuation of SHOP stock. How to Trade SHOP StockSHOP stock could move back to its record high or even beyond.But Shopify stock looks like a bubble. Virtually no company can justify a 330 forward price-earnings ratio, regardless of its performance. Investors also need to remember that even the seemingly most solid of companies can lose almost all of their value.Despite the high price of Shopify stock, I see SHOP as a long-term winner. Even with the rising competition in the e-commerce space, businesses often choose SHOP when they want an e-commerce platform that's not tied to Amazon or other large tech firms. Although a recession could disrupt the company's growth for awhile, its business has just scratched the surface of its potential, given the explosive outlook of e-commerce. Shopify will benefit as more businesses utilize e-commerce.Unfortunately, in light of the sky-high valuation of SHOP stock, investors do not know whether these catalysts will boost SHOP stock within several days or several years. That makes SHOP too risky to buy at its current levels.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post Shopify Stock Has Become a Bubble appeared first on InvestorPlace.
Like a playoff baseball game with lots of twists and turns, we’ll probably have to go inning-by-inning as news trickles out today on trade talks. Whether the last at-bat is a strikeout or a solid base ...
Let's check the latest charts and indicators of this network technology company to see what they suggest for the weeks ahead.
Legacy tech giant Cisco Systems Inc. (CSCO), despite dropping nearly 20% over the past three months, could see its stock skyrocket by 70% to reach $80 per share, back to the high it reached during the bubble era in 2000, according to Evercore ISI analyst Amit Daryanani, as outlined by Barron’s. That could add $140 billion to the company's market value, which today stands at just under $200 billion. Daryanani is upbeat about Cisco’s shift away from hardware to a software-driven model and its focus on new high-growth sectors of the market such as cybersecurity and applications. As for Cisco’s core networking segment, the Evercore analyst is forecasting growth in the low- to mid-single digits on a percentage basis.
Goldman Sachs on Thursday downgraded Cisco stock to neutral on views that corporate spending on technology has weakened amid the U.S.-China trade war. Cisco stock fell on the news.
U.S. stocks rose in early afternoon trading on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple's shares lifted the technology sector. Wall Street's main indexes moved higher after President Donald Trump tweeted he would meet Chinese Vice Premier Liu He on Friday for further trade talks.
U.S. stocks rose by about 1% for the second straight day on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple's shares lifted the technology sector. Wall Street's main indexes moved higher after President Donald Trump tweeted he would meet Chinese Vice Premier Liu He on Friday for further trade talks.
Enterprise spending will continue to “deteriorate,” according to Goldman Sachs, and that could pose problems for several large tech stocks.
U.S. stocks gained on Thursday on hopes that top-level U.S.-China trade talks would yield at least a partial deal, while a rise in Apple's shares lifted the technology sector. Wall Street's main indexes moved higher after President Donald Trump tweeted he would meet Chinese Vice Premier Liu He on Friday for further trade talks.
The major stock indexes were squarely higher after President Trump's comments on U.S.-China trade talks. Apple stock was upgraded.
Wall Street's main indexes were set to open lower on Thursday, as top negotiators from the United States and China meet for the first time since late July to try to hammer out a deal to end the 15-month long trade war. U.S. stocks had a roller-coaster week so far, with developments in the trade war stealing the spotlight.
Shares of Cisco Systems Inc. are off 1.6% in premarket trading Thursday after Goldman Sachs analyst Rod Hall downgraded the stock to neutral from buy based on his view that enterprise spending will weaken further and that telecom spending will stay "depressed" in the immediate term. "In the telecom segment, we are concerned that negative trends could persist well into 2020, driven by carrier pauses ahead of 5G and needed carrier network automation implementation," Hall wrote. More generally, Goldman's recent survey of value-added resellers was "incrementally negative" on trends in enterprise spending. "We believe that most of this weakness relates to a lack of business confidence at large enterprise driven by trade volatility as opposed to a broader macro slowdown," Hall wrote. He reduced his price target on Cisco shares to $48 from $56 in conjunction with the downgrade. The stock is off 18% over the past three months, while the Dow Jones Industrial Average has lost 1.9%.
Over the past 30 days, as of Wednesday's closing bell, the S&P 500 (-2.7%) had performed poorly, the "more exposed to tech" Nasdaq Composite (-3.3%) had done worse, and Cisco at -6.4%, well that speaks for itself. Before we dig in, I like CSCO, I am long CSCO, and I believe in CSCO CEO Chuck Robbins. Early on Thursday morning, Cisco was downgraded at Goldman Sachs from "buy" to "neutral", as that firm lowered their price target from $56 to $48.