Market News for Cisco Systems Inc (CSCO)
Not everyone is feeling good about the stock market. Inflation has been picking up, and interest rates have remained elevated. Earnings reports for tech companies have been good for the most part, but that doesn’t mean the market will remain attractive over the next few years. Time in the market beats timing the market. However, some corporations look unlikely to outperform the S&P 500 or deliver meaningful long-term gains for investors. Holding onto unprofitable stocks can bring your portfolio down. These blue chip stocks do not look promising for long-term investors. Disney (DIS) Source: chrisdorney / Shutterstock At first glance, things look good for the House of Mouse. Disney (NYSE: DIS ) shares are up 24% year-to-date and outperformed the stock market. Unfortunately, a wider lens will reveal significant underperformance, such as a 16% drop over the past five years. The activism buzz contributed to Disney’s year-to-date gains, but that campaign has concluded. Investors will have to look deeper into Disney’s underlying business; recent financial results weren’t good....
InvestorPlace - 5/1/2024 3:15:17 PM
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