Cisco System (CSCO) jumps 4% on earnings. The former tech titan is trading back at levels not seen since 2000 after beating earnings by 2 cents as sales rose 7% to $14.88 billion. The company also raised guidance after doing a better job of capturing AI spending for their networks and routers which were in demand back in the dot com era. Cisco has recently teamed up with Nvidia to give it an edge.

Disney (DIS) going the wrong way. The media giant is down 9% even as they beat earnings estimates. Sales actually fell 0.5%. missing estimates. The return of Bob Iger has failed to produce results as the stock continues to underperform rivals and the markets the last several years. Their streaming business is growing double digits with movies like Zootopia 2 and Avatar: Fire and Ash coming out soon.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it’s usage