Cisco's CEO John Chambers no longer dictates the moves in the broader stock market. Or even just the Nasdaq. Stocks were relatively flat Thursday.
But he still must be smiling. Cisco's (CSCO) stock rallied more than 10% following a blowout quarter.
Chambers told investors that he's encouraged by the "good signs" he sees in the economies of the United States and the rest of the world. Several traders on StockTwits shared that view.
Cisco's gear helps build the computer networks and infrastructure that power some of the world's largest corporations. Chambers used to be able to move the market with calls about tech spending. But investors clearly want more than just cheery talk in a market where major indexes are already up between 15% and 17% for the year.
Cisco might not give rocket fuel to the rest of the market, but its internal juice was pretty tasty to most investors. Few traders on StockTwits were willing to bet against Cisco Thursday.
It's been a rough week for Apple. And it's only Tuesday.
Apple (AAPL) shares slid 1.4% to $431.82 in afternoon trading.
The selling came after Jefferies analyst Peter Misek issued an unflattering report on Apple, adding to a string of negative research published on the company this week.
Misek cut his estimate for iPhone sales, lowered his price target to $420 a share and said there is a 25% chance Apple will miss MOREBen Rooney - Mar 12, 2013 1:25 PM ET
The great rotation in the technology sector continues.
Google (GOOG) shares are trading at record highs above $800, while Apple (AAPL) continues to plumb new lows.
Apple's fall from grace isn't directly related to Google's new-found darling status, but the trend is a significant turnabout.
Once the most valuable company on earth, Apple's stock has fallen 42%, dropping from an all-time trading high of $705 in September to a new 52-week low of $419 on MOREMar 5, 2013 12:48 PM ET
Investors may be worried that certain "old" tech companies have lost their way. But that's clearly not the case with IBM (IBM).
Big Blue reported earnings Tuesday that topped forecasts, news that sent shares up more than 5% Wednesday morning. IBM is now trading just 2.5% below its all-time high ... not bad for a more than 100-year old company.
In fact, IBM was the main reason that the whole market MOREPaul R. La Monica - Jan 23, 2013 12:19 PM ET
Facebook is joining a new social network -- the Nasdaq-100 to be precise.
The California-based social media company will join the elite index on Dec. 12, replacing Infosys, an Indian tech company that is moving its U.S. listing to the New York Stock Exchange.
The move is not exactly a surprise. The Nasdaq-100 includes the 100 largest non-financial securities trading in the market. And with a market capitalization of around $60 billion, Facebook MORECharles Riley - Dec 4, 2012 11:41 PM ET
Amazon.com is in advanced negotiations to buy the mobile chip business of Texas Instruments, according to Israeli newspaper Calcalist, which would put the online retail giant on the path to becoming a manufacturer of smartphone and tablet processors.
Shares of Dallas-based TI (TXN) rose nearly 3% following the report, while shares of Amazon (AMZN) declined slightly.
Amazon's Kindle Fire tablet is currently powered by a TI processing chip, and the company has MOREHibah Yousuf - Oct 15, 2012 12:44 PM ET
Advanced Micro Devices became the latest victim of the sluggish PC market Friday, after the chipmaker warned that third-quarter revenue could decline 10% from the previous quarter.
AMD's shares tumbled 14% following the warning.
The gloomy projection comes as the company faces "weaker than expected demand across all product lines caused by the challenging macroeconomic environment," and is far worse than what the company's management was originally expecting. In July, AMD said it MOREHibah Yousuf - Oct 12, 2012 5:40 PM ET
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.
Happy 14th birthday, Google!
Sure, Google (GOOG) doesn't officially recognize its anniversary until September 27. That's when you'll see the celebratory doodle. But the search engine leader was incorporated on September 4, 1998. So as far as MOREPaul R. La Monica - Sep 4, 2012 1:40 PM ET
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