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
Cisco Systems, Inc. (NASDAQ:CSCO) has seen remarkable growth over the past year, especially in the Chinese market, which has over the last decade become one of the most important markets in the world for US companies due to its rising economy, consumption boom, and tech-savvy and affluent middle class. For the fourth quarter of 2014, the company has reported a 5% increase in router sales over the last year.
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.