Today we are watching…
1. Cisco (#csco)
The Cisco guys keep the internet running like engineers keep the freeways flowing, with routers, switches, and security systems. Cisco pretty much maintains the entire internet. It brings the company in a lot of money, but less than usual this quarter, according to their latest earnings report. The company struggled to manufacture physical hardware in lockdown, so profits suffered. However, the company has a seriously cool video conferencing platform called Webex. It’s seen a spike in activity, saving revenue figures, and management also thinks this work-from-home era is proving a wakeup call for business customers that weren’t ready.
2. Amazon (#amzn)
Amazon’s project pipeline won’t be put on hold for anything, as evidenced by the release of three new Fire tablets. These tablets are cheap, too cheap to make a profit, but that’s okay for investors. The retail king is sucking people into digital content like movies and music on the tablets, not to mention Amazon Prime. The releases also instill more confidence in investors. The company’s supply chains must be operational, so, touch wood, it could be that sentiment turns more favorable, and shares beat the market this week!