On Friday, Control4, one of the first companies to specialize in home automation technology, had a stellar IPO. It popped 23% from its initial $16 price to a high of $20.70 and is still trading at about $20 today.
The earnings hit parade keeps on rolling, but not in the directions bulls wanted or expected. And with stocks priced well beyond perfection, today's reaction should hardly be a surprise. Yet, treasury yields soared once again in spite of poor earnings, and in spite of a flat industrial production report.
Wal-Mart, Macy's, Kohl's Cut Profit Outlook
By John Biggs
It’s been a weird decade for Cisco (CSCO). After being a dot-com darling in the late 1990s (everyone wanted a few Cisco routers for their door-to-door pet food delivery services), the company tried its hand at consumer products with the Flip video camera series and, a little while later, Linksys routers. It seems, then, that Cisco's grand consumer experiment is over.