Federal Reserve eyes rate cuts as July inflation data approaches, with tech earnings from Cisco, CoreWeave, and Circle highlighting key developments in AI and crypto sectors.
Wall Street has issued downbeat forecasts for the stocks in this article.
These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
Google (NASDAQ: GOOGL) (NASDAQ: GOOG) has confirmed a data breach that has affected some of its customers. The breach was attributed to a hacking group known as ShinyHunters, also referred to as UNC6040.
Growth is oxygen.
But when it evaporates, the consequences can be severe - ask anyone who bought Cisco in the Dot-Com Bubble or newer investors who lived through the 2020 to 2022 COVID cycle.
Cisco has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 9.3% to $68.40 per share while the index has gained 4.5%.
Growth is oxygen.
But when it evaporates, the consequences can be severe - ask anyone who bought Cisco in the Dot-Com Bubble or newer investors who lived through the 2020 to 2022 COVID cycle.
Cisco Systems, Inc. (NASDAQ: CSCO) is an American multinational digital communications technology conglomerate headquartered in San Jose, California. Founded in December 1984 by Leonard Bosack and Sandy Lerner, two computer scientists from Stanford University, the company emerged from their pioneering work in connecting disparate computer systems using a multiprotocol router
Megacap stocks dominate their sectors and their actions influence economies worldwide.
The flip side though is that their sheer size means they have less room for explosive growth as scale works against them.
