Diamonds and Dogs
Cisco Systems (CSCO) leading the techs higher. The router and switch stock is up 6% following earnings. Cisco beat by 6 cents even as sales fell 6% to $11.93 billion. The CEO Chuck Robbins described the numbers as a, "Solid start to fiscal 2021 with signs of improvement in their business." A number of upgrades with price targets as high as $49 a share.
Revlon (REV) taking a hit. The beauty products maker is down 17% following disappointing earnings. Revlon reported a loss for the third quarter in a row as sales fell 20% to $477.1 million. Looking on the bright side, the company said their third quarter results reflect a sequential improvement in net sales declines while e-commerce business continues to grow, representing 12% of net sales.
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