The Latest Breaking News from Cisco

Tech and biotech companies have revealed plans recently for enough job cuts to erase more than 6,000 jobs in the Bay Area, cutbacks that could weigh on the region’s economy in the weeks and months to come.

The market rally held support this week, but many stocks flashing buy signals struggled. Walmart, Target and Nvidia were key earnings movers.

SAN JOSE, California — Cisco began filling in employees Thursday about how they will be affected by the San Jose tech stalwart’s restructuring that’s poised to eliminate thousands of jobs worldwide, in a new setback for Silicon Valley.

The Dow Jones Industrial Average sold off Thursday after key economic data. Nvidia earnings missed estimates, sparking a 2% retreat.

Inflation showing signs of slowing has buoyed the tech sector recently. Moreover, due to rapid digital transformation, tech spending is expected to stay elevated. Therefore, Cisco Systems (CSCO), Juniper Networks (JNPR), and Celestica (CLS) could be solid buys for investors looking for tech stocks. Read on….

Arista Networks, which has outperformed rival Cisco Systems as well as the S&P 500 in 2022, is the IBD Stock Of The Day as it becomes actionable.

The Dow rose after remarks by a Fed official about slowing rate hikes. Big box retailers and tech giants are on tap with earnings.

Investors can consider a long straddle to take advantage of a larger-than-expected move (either higher or lower) on Cisco stock.

The U.S. economy expanded in the third quarter, providing some relief amid the widespread recession fears. Moreover, with the latest job report showing an increase in unemployment, there are hopes of a slowing pace of rate hikes. We think this could be the right time to scoop up fundamentally strong…

The Fed raised interest rates by another 75 basis points on Wednesday. Although the rate hikes might not end anytime soon, the pace of the increases could slow. Despite the uncertainties, we believe large-cap household names Coca-Cola (KO), Cisco Systems (CSCO), and Lowe’s (LOW) might still be worth owning in…

With inflation hovering around the multi-decade high level, further aggressive interest rate hikes seem apparent. Given the weak market outlook, investors could cushion their portfolios by investing in fundamentally sound stocks PepsiCo (PEP), Cisco Systems (CSCO), Abbott Laboratories (ABT), Albertsons Companies (ACI), and Hillenbrand (HI), which have a history of…