Cisco's third-quarter revenue came in at $12.84 billion, which was short of the $13.34 billion in expected revenue.Good morning Wake-Up Watchlisters! While you're sipping that first cup of espresso and tonic you'll see stock futures dipped again as investors face new pressure. Major retailers Walmart (NYSE:WMT) and Target (NYSE:TGT) reported earnings misses – signaling a beginning to material spending pullback. Plus the Federal Reserve expects to get more hawkish on interest rates with no signs of peak inflation. If you're looking for buying opportunities in the bear market, you'll want to check out this dirt-cheap stock. We're calling it the 'Last Great Value Stock' and right now you can get it for under $2. But you'll want do this soon – there's an upcoming announcement in August that could send it higher. Click here to unlock this stock. Here's a look at the top-moving stocks this morning. Cisco Systems Inc. (Nasdaq: CSCO) Cisco Systems Inc. is down 11.99% premarket after reporting a huge third-quarter earnings miss. Revenue came in at $12.84 billion, which was short of the $13.34 billion in expected revenue. Its secure agile networks revenue came in at 5.87 billion, a miss from the expected 6.07 billion. Right now Cisco is under pressure. Synopsys (Nasdaq: SNPS) Synopsys is up 4.27% premarket after posting positive results for its second quarter. Revenue was up about 25% over last year, coming in at $1.279 billion. Adjusted net income came in with an even bigger rise of 46% from year ago levels, and its $391 adjusted profit gave it earnings of $2.50 per share compared to $1.70 in the second quarter last year. Synopsys is looking strong. Fleetcor Technologies (NYSE: FLT) Fleetcor Technologies is up 3.14% premarket after the company announced the completion of its $500 million debt financing. The additional $500 million represents an attractive cost of capital and should enable more opportunities for RH to provide value to shareholders. Keep an eye on Fleetcor going forward. Bath & Body Works (NYSE: BBWI) Bath & Body Works is down 6.85% premarket after the company cut its revenue outlook for the year. The cut was mainly due to the expected increase in inflation, as it now expects to take a hit somewhere between $225 million and $250 million from inflation this fiscal year. That's $75 million more than originally planned. Is the Sell-off Over? The markets have been exceptionally choppy in 2022, but that doesn't mean it'll stay that way. Our Head Trading Fundamental Tactician Karim Rahemtulla writes about how to know when the sell-off ends so you can reap the benefits of a fruitful market later on. Click here to read more. Those are the top market movers today. Happy trading! The Wake-Up Watchlist Research Team | 
No comments:
Post a Comment