Equities

Cisco Surprises, Homebuilders Soar, Walmart Eyes High

Cisco exceeds forecasts, Walmart's anticipated results, and homebuilders lead market rally with sector-specific gains.

By Bill Bullington

5/15, 18:21 EDT
Cisco Systems, Inc.
D.R. Horton, Inc.
Lennar Corporation
Netflix, Inc.
Toll Brothers, Inc.
The Trade Desk, Inc.
Walmart Inc.
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Cisco Beats Expectations, Walmart Results Awaited, and Homebuilders Shine

After-hours Stock Action

Cisco (CSCO): Beat on Earnings Boosts Stock

  • Positive Performance: Beat expectations on top and bottom lines, with strong full-year guidance.
  • Market Position: Slightly negative YTD but 15% off September 52-week high; XLK up 10% in 2024.

Walmart (WMT): Strong Performer Ahead of Results

  • Quarterly Results Tomorrow: Outperforming grocers, discount retailers, and big-box store operators.
  • Market Performance: Up around 18% in a year, near March all-time high.

Monday.com (MNDY): Surges on Revenue Beat

  • Stellar Performance: Best day since August 2021 after exceeding revenue estimates and guidance.
  • Market Standing: Up by 44% in twelve months, close to recent high.

Homebuilders Sector Shines

  • iShares U.S. Home Construction ETF (ITB) Soars: Best performance since late 2023.
  • Key Players' Gains: D.R. Horton turns positive for the year; Toll Brothers up over 30% in 2024; Lennar near record high.

Netflix News Boosts Trade Desk & Magnite Shares

  • Programmatic Ad Partnerships Lift Stocks Late Session.
  • Trade Desk & Magnite Performance: Trade Desk outperforms market YTD; Magnite up roughly 5% YTD.