The networking giant appears to have shifted from being a growth stock to a value play.
Applied Materials is downgraded to 'underperform,' and American Express is initiated with a 'neutral.'
Shares of Facebook slump as their lockup period ends. Jobless claims rise and housing starts decline, while building permits jump to a 4-year high. Wal-Mart slips on a disappointing outlook. Cisco rallies on a dividend hike.
New York manufacturing activity contracts, but consumer prices remain unchanged, industrial output increases and builders' confidence improves. Staples shares skid after disappointing results. Deere is also down after missing estimates.
3 homebuilders are upgraded at JPMorgan, and Select Medical is downgraded at 3 firms.
Are things so bad in the sector that we have to buy it?
Investors lose confidence that the ECB will stem the region's debt crisis. In the US, unemployment filings decline, the trade deficit narrows, and wholesale inventories drop.
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The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
If you worry about money after the streetlights come on, these actions may help you rest easier.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
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