Cisco (CSCO) reported fiscal first quarter results that topped analyst estimates, but the guidance fell short of expectations. In the first quarter, the tech giant reported adjusted earnings of $1.11 per share versus estimates of $1.03 and revenue of $14.67 billion compared to an expectation of $14.63 billion. However, Cisco’s second quarter and full-year revenue guidance was well below what Wall Street had been expecting. Its revenue outlook for the second quarter is $12.6-$12.8 billion compared to a $14.2 billion estimate. Cisco cut its full-year revenue outlook to $53.8-$55.0 billion versus the previous estimate of $57-$58.2 billion. Yahoo Finance Live breaks down Cisco’s first quarter report. Subscribe to Yahoo Finance: […]
As 2024 comes upon investors faster with every day, experts are now believing the Fed may reach its inflation mandates and promote GDP growth in the new year with a recession. Yardeni Research President Ed Yardeni explains the economy has been more resilient than even he expected, reconsidering his past recession calls. “It’s almost contrary to agree with the Fed, and I’ve been a contrarian saying the Fed may actually get it right. Inflation may come down and they may get it without a recession,” Yardeni tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe […]
As the stock market surges, inflation cools, and consumer spending habits shift, many investors are betting that the Federal Reserve is done with interest rate hikes and are preparing for a soft landing scenario. Some experts are going so far as to say that the Fed will cut rates in 2024. Mahoney Asset Management CEO Ken Mahoney joins Yahoo Finance to discuss what investors need to pay attention to during periods of uncertainty and why cutting rates may not be in the Fed’s best interest. “A lot of people are talking about these rate cuts next year, I don’t see that. Again, I know Fed fund futures have shown by […]
President Biden will be meeting with Chinese President Xi Jinping on Wednesday at the APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, where major CEOs and other world leaders will also be in attendance. China Beige Book International Managing Director Shehzad Qazi analyzes what Xi’s attendance and availability to business leaders will mean for investment into China. “The message to CEOs, of course, remains, ‘China’s open for business and we welcome foreign companies and foreign executives to come in,'” Qazi tells Yahoo Finance. “You don’t really have to sell foreign executives… on China very much still.” Qazi also cautions American business leaders on the geopolitical risks still tied to China. […]
Small cap stocks, as measured by the Russell 2000 index (^RUT), saw their biggest single-day gain of 2023 on Tuesday. The index surged 5.2% as the risk-on rally extended to small caps. The broad market advance was sparked by October’s cooler-than-expected CPI report, which boosted hopes of less aggressive Fed rate hikes going forward. Yahoo Finance’s Madison Mills breaks down all the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #stockmarket #yahoofinance About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, […]
As the January 10 deadline for the SEC to decide on a spot Bitcoin (BTC-USD) ETF approaches, investors are watching closely for any new details on how it will affect the market. Yahoo Finance’s Julie Hyman sat down with ARK Invest Founder, CEO, and CIO Cathie Wood to discuss her stance on bitcoin, the crypto market, and digital assets in general. During the interview, Woods enthusiastically elaborated on her interactions with the SEC: “We were thrilled to get questions back [from the SEC] because it means they’re engaged now. We have met a number of the research people at the SEC… they know what they’re talking about and the level […]
Stocks are extending their rally from Tuesday, with gains led by small cap stocks as bond yields rebound and defensive sectors and retail outperform. Target (TGT) shares surged on its third-quarter earnings beat, exhibiting resilience in consumer spending, while Tesla (TSLA) stock continues to see gains. Yahoo Finance’s Jared Blikre breaks down the market and sector action. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #stockmarket #yahoofinance About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that […]
Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) has exited positions and sold its stakes in several companies like General Motors (GM) and Johnson & Johnson (JNJ) that recently underwent or announced new business ventures. Meanwhile, Apple (APPL), Bank of America (BAC), and American Express (AXP) continue to stand as Berkshire’s top holdings. Yahoo Finance’s Seana Smith and Brad Smith analyze Berkshire Hathaway’s portfolio adjustments. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #WarrenBuffett #yahoofinance About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, […]
U.S. retail sales fell by 0.1% in the month of October, lower than previously expected estimates of 0.3%, while shooting up 2.5% year-over-year. Furthermore, retailers Target (TGT) and TJX Companies (TJX) — the parent company of TJ Maxx and Marshalls — both beat third-quarter earnings estimates. Yahoo Finance Reporter Madison Mills joins the Live show to break down what resilient consumer spending means for the end-of-year market rally. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international […]
Tesla (TSLA) is starting to see its business cool off at the same time inflation seems to be moderating for another consecutive month. ARK Invest Founder and CEO Cathie Wood believes the EV maker’s recent price cuts have “offset the interest rate hit” from the Fed’s monetary policy while still grabbing market share from American auto companies. Oppenheimer Senior Research Analyst Colin Rusch disagrees with some points of Wood’s recent comments to Yahoo Finance. “The landscape is changing — I don’t see GM and Ford as the primary competition,” Rusch explains. “We’re looking at VW and Hyundai as the established OEM [original equipment manager] leaders in this space. And then […]
