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CSCO
Benzinga
6 days

Stock Market Today: S&P 500, Nasdaq Futures Advance After Hitting Fresh Record—CoreWeave, Cisco, Carpart.com Earnings In Focus

1. CSCO rose by 0.39% ahead of earnings report. 2. Analysts estimate CSCO's earnings at 98 cents/share, revenue $14.62 billion. 3. U.S. inflation steadied at 2.7%, causing rate cut speculation. 4. S&P 500 reached record highs, indicating bullish market sentiment. 5. Rate cuts could positively influence technology and value sectors.

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FAQ

Why Bullish?

The rise in CSCO's stock price along with S&P 500 gains could indicate positive sentiment. Historically, tech stocks perform well during interest rate cuts, which may favor CSCO.

How important is it?

CSCO's performance and anticipated earnings are directly relevant given current market trends.

Why Short Term?

The upcoming earnings report could impact CSCO's short-term stock price significantly.

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