The declines this morning were not as bad as some had feared after Cisco (CSCO) disappointed investors last night when it gave revenue guidance that was below consensus expectations. Actually, the market bounced for a while and had completely erased its early losses, but it has since dipped back into the red.Retail sales were also mixed, but for the most part they were not strong. That said, a handful of stocks have traded higher after reporting, which indicates that maybe these stocks are washed out and due for more of a rally. I’ll have more of a re[...]
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[Source: The Money Blogs]
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