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Cisco Systems Inc

Equities under pressure, Morgan Stanley layoffs

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. Equities under pressure Watch Morgan Stanley Earnings on deck 1. Equities under pressure Stocks fell Tuesday morning, with all three major U.S. benchmarks down more than 1% . The drop comes as investors look to decisions on interest-rate hikes from the Federal Reserve and European Central Bank this week. Both central banks are expected to raise rates by at least 25 basis…

Twilio, Tripadvisor, Boston Beer, Roku and more

Jakub Porzycki | Nurphoto | Getty ImagesCheck out the companies making headlines in midday trading.Twilio — Shares jumped 14.2% after Twilio beat revenue expectations in its most recent quarter. The communications firm posted revenue of $1.02 billion, slightly better than the Refinitiv consensus estimate of $1 billion.West Pharmaceutical Services — Shares spiked 14.5% after West Pharmaceutical Services topped profit and sales expectations in its fourth quarter. The drug and health care products maker posted adjusted…

Cisco forecast raise allays tech spending fears, lifts shares

Cisco Systems Inc raised its full-year earnings forecast and delivered strong second-quarter results, indicating that spending on network infrastructure was staying resilient in the face of an economic slowdown. The maker of routers and other products that run computer networks and the internet said customers were keeping investments steady in systems related to cloud, artificial intelligence and tools for hybrid work. The company is also benefiting from the easing of pandemic-driven supply chain constraints, which…

ROKU, CSCO, TWLO and more

In this photo illustration, a hand holding a TV remote control points to a screen that displays the Roku logo.Rafael Henrique | Lightrocket | Getty ImagesCheck out the companies making headlines after hours.Roku — Shares spiked roughly 12% after Roku beat on the top and bottom lines in its latest quarter. The streaming device company reported a loss of $1.70 per share, better than the forecasted $1.73 per share from analysts polled by Refinitiv. Roku posted $867 million in revenue, greater than the consensus estimate of…

Jim Cramer predicts these 10 Dow stocks will perform well in 2023

CNBC's Jim Cramer on Tuesday offered investors a collection of stocks that he believes will perform well this year.All of his picks are listed in the Dow Jones Industrial Average.related investing news"These companies tend to make things or do stuff at a profit while returning capital to shareholders, all with reasonably priced stocks — exactly the rubric for what worked once the declared war on inflation," Cramer said.Here is his list:ChevronCramer said he believes the company will have a great year as long as crude…

Cisco, Bath & Body Works, Nvidia and more

A runner jogs past Cisco Systems headquarters in San Jose, California, U.S., on Monday, Feb. 8, 2021.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines in after-hour trading.Cisco – Shares jumped 4.8% after the maker of computer networking equipment beat expectations for its first-quarter earnings per share and revenue, according to StreetAccount. Cisco also issued second-quarter and full-year outlooks that showed those same indicators either matching or topping expectations. But Cisco…

Club names that have been big winners before

Strange, but true: The S & P 500 has been solidly higher 12 months after the midterm elections in every cycle since 1954, according to Yardeni Research, regardless of which party won or lost. The broad market index's average one-year gain in 17 post-elections windows has been about 15%. Those facts are on our minds this Election Day, as voters cast their ballots amid a rough year on Wall Street. Everyone is wondering when we'll see, or whether we've already seen, the bottom in the current bear market. Of course, past…

I’m sticking by Intuitive Surgical

Qualcomm Inc: "It was painful to do, but I had to cut it back "Cisco Systems Inc: "I'm going to hold onto it for the Charitable Trust."Disclaimer: Cramer's Charitable Trust owns shares of Qualcomm and Cisco.Jim Cramer's Guide to InvestingClick here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter. Qualcomm Inc: "It was painful to do, but I had to cut it back "Cisco Systems Inc: "I'm going to hold onto it for the Charitable Trust."Disclaimer: Cramer's…

Five9 shares plunge more than 20% after CEO announces resignation

Rowan Trollope, CEO, Five9Scott Mlyn | CNBCShares of cloud software vendor Five9 closed down 25% Monday and fell to their lowest since March 2020 after CEO Rowan Trollope announced his resignation.Trollope is leaving to become CEO of a venture-backed pre-IPO startup, he said on Twitter. He is being succeeded by former Five9 CEO Mike Burkland, who resigned as CEO in 2017 after he was diagnosed with cancer. Burkland will replace Trollope effective Nov. 28."It has been an honor and privilege to serve our employees, our…

Cisco is going to snap back big

Cisco Systems Inc: "I like the stock. ... When it snaps back, it's going to snap back big."Plug Power Inc: "If you're willing to lose money, then I give it my blessing."SoFi Technologies Inc: "I think the fact that the stock is at $5 is actually ridiculous. .. I want people in SoFi."Disclaimer: Cramer's Charitable Trust owns shares of Cisco.Jim Cramer's Guide to InvestingClick here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter. Cisco Systems Inc: "I like…