Diamonds and Dogs

11/14/24

Disney (DIS) is a diamond today as the magic is back at the mouse house. The stock is up 8% to new recent highs after beating estimates as revenues rose 6.3% to $22.57 billion. Disney provided upside guidance expecting double digit earnings growth as their streaming business improves.

Profit-taking in Cisco Systems (CSCO). The server and networking firm is down 2% even as they beat earnings and raised full year guidance. Cisco is looking to add AI servers with Nvidia chips to take on Dell. I hope they do better than Super Micro Computer (SMCI) another dog, down 6% today and down 80% in the last three months.

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