The Dow Jones Industrial Average (Dow Jones Indices: .DJI) sits above 15,000, an all-time high. But don’t be fooled, this doesn’t mean that stocks are expensive. I understand that it seems logical to assume that if the Dow Jones industrial average, what many believe to be the bellwether index of the stock market, is at an all-time high, then it must simultaneously be overvalued. Herein is the danger of relying on headlines and simple...
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Post Market News Stocks that were active in the U.S. trading on Thursday include Cisco Systems Inc. (NASDAQ:CSCO), Infinity Pharmaceuticals Inc. (NASDAQ:INFI), Aegerion Pharmaceuticals Inc. (NASDAQ:AEGR), Tesla Motors Inc. (NASDAQ:TSLA) and Kohl’s Corporation (NYSE:KSS). Market Levels U.S.: Dow Jones: 15,231.53 (-0.29%), S&P 500: 1,650.42 (-0.50%), Nasdaq: 3,465.12 (-0.18%) World Markets: Shanghai: 2,251.81 (+1.21%), Nikkei 225: 15,037.24 (-0.39%), Hang Seng Index: 23,082.68 (+0.17%), TSEC: 8,390.05 (+0.86%), FTSE 100: 6,687.80 (-0.09%), EURO STOXX 50: 2,806.70 (-0.10%), BSE Sensex: 20,247.33 (+0.17%) Metals: Gold: $1396.20 (0.00%), Silver: $22.66 (0.00%), Platinum: $1485.60...
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John Chambers, Chairman and Chief Executive Officer of the biggest maker of networking equipment Cisco Systems, Inc (NASDAQ:CSCO) said his successor probably won’t immediately hold both roles. In his television interview with Bloomberg Television’s “In The Loop” with Betty Liu, John Chambers outlined his plans to step down, the company’s succession plan and how the CEO and Chairman roles would be handled with his successor. He indicated that it would be appropriate to split...
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Cisco Systems, Inc. (NASDAQ:CSCO) announced its earnings results for the first three months of 2013 this afternoon after the market closed. The firm revealed that it had earned 51 cents per share in the period, on revenues totalling $12.22 billion. On today’s market the company’s shares finished down a fraction, but after the market closed the company’s shares were surging upward. In the run up to this earnings announcement, analysts following the company were looking...
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Grantham, Mayo, Van Otterloo & Co.’s latest 13F filing with the Securities and Exchange Commission indicates that the company purchased 104 new stocks during the first quarter and sold out of 79 stocks. It also increased its holdings in 292 companies and reduced its holdings in 183 stocks. GMO’s Top Holdings As of the end of the first quarter of the year, the firm’s top five holdings included Johnson & Johnson (NYSE:JNJ), which made...
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Celestica Inc. (NYSE:CLS) (TSE:CLS) posted a 76 percent decline in the first quarter earnings, primarily due to the loss of its biggest client, Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) aka BlackBerry. The contract electronics manufacturer’s revenues declined 19 percent to $1.37 billion as sales to Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) were not included in the results for the first time since 2010. Celestica Inc. (NYSE:CLS) (TSE:CLS)’s adjusted earnings came at 16 cents a share or $30 million,...
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The U.S. networking company Cisco Systems, Inc. (NASDAQ:CSCO) acquired the U.K. hardware company Ubiquisys in one of the Europe’s biggest tech exits of the past several years. The Swindon, England-based company was sold to Cisco for $310 million with the amount to be paid partly in cash and partly in staff retention incentives. According to the agreement, Cisco will retain the full 130 member of Ubiquisys and the staff will continue to work in the...
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Intel Corporation (NASDAQ:INTC) and Cisco Systems, Inc. (NASDAQ:CSCO) have entered into a manufacturing partnership deal, reveals Korea times, the daily in Korea. There has not been any official announcement from either companies yet. According to an Intel Corporation (NASDAQ:INTC) executive report, the firm, headquartered in Santa Clara, Calif., hopes to take advantage of the growing demand for value-added programmable and logic chips, a profitable segment. The report further claims that the deal between the two companies has...
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Companies whose shares are expected to trade actively in today’s session are Panasonic Corporation (NYSE:PC) (TYO:6752), Southcross Energy Partners LP (NYSE:SXE), Tesla Motors Inc (NASDAQ:TSLA), Quicksilver Resources Inc (NYSE:KWK), Gastar Exploration Limited (NYSEAMEX:GST) and Cisco Systems, Inc. (NASDAQ:CSCO). Panasonic Corporation (NYSE:PC) (TYO:6752): The Japanese electronics company is under investigation by American regulatory authorities after the Wall Street Journal reported that a unit of Panasonic paid bribes in the international market to attract business. Additionally, the company...
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Cisco CEO John Chambers spoke with FOX Business Network’s (FBN) Liz Claman about his concerns surrounding a possible sequestration and how it would affect Cisco Systems, Inc. (NASDAQ:CSCO). Chambers said, “we have categorized it as potential pause” and that “the market may get a little concerned.” Video and excerpts below: Watch the latest video at video.foxbusiness.com On how Cisco Systems, Inc. (NASDAQ:CSCO) is preparing for a possible sequestration: “Well we have modeled for it. We...
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Cisco CEO John Chambers spoke with FOX Business Network’s (FBN) Liz Claman at the World Economic Forum in Davos, Switzerland about his partnership with Russia and Canada. Chambers said, “Russia at the present time is easier for me to do business in than the U.S. at times” and that “the easiest country in the world to do business presently is Canada.” Chambers went on to say that the reason for the stock being up...
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