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Is Cisco Systems, Inc.'s (NASDAQ:CSCO) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
More Than A Third Of AI-Based ETFs Were Launched In 2024, Focusing On Nvidia, Microsoft, Apple And Meta, Among Others: Here's How Some Of Them Have Performed This Year So Far
Attention! The technology giants of the US stock market are about to release their financial reports, with heavyweight data such as PCE and non-farm payrolls expected to make a significant impact.
①On the eve of the US election on November 5, the US stock market will experience a "high-energy continuous" week; ②First, 5 of the "seven giants" will release major financial reports this week, followed by heavyweight economic data—US PCE index and non-farm employment report will be released.
BofA's Hartnett: The election will strengthen Wall Street's four core trades, but inflation and economic downturn will reverse everything.
Bank of America analyst Hartnett pointed out that the four core trading strategies on Wall Street now are, bearish on bonds, bullish on gold and technology stocks. Tightening immigration policies may trigger inflation, leading to further increase in gold prices. The market is worried that Fed rate cuts may lead to inflation and overheating of the economy, with bond yields unexpectedly rising after the rate cut, causing US stocks to become more concentrated. Now is not a good time to buy bonds and stocks.
AI-Driven Innovations From Cisco Systems, Inc. (NASDAQ:CSCO), New Solutions Aim to Revolutionize Work and Workspace Dynamics
Is Cisco Systems Stock Vastly Overvalued?