On Wednesday, the markets gained and that followed news that North Korea may cancel next month's planned summit with the U.S., and as government bond yields rose to multi-year highs amid renewed concerns of higher inflation and faster Fed interest rate hikes.

Then Macy's (M) - Get Macy's Inc Report  shares surged about 10% after reporting quarterly earnings and sales that beat forecasts. 

After today's close, Cisco Systems (CSCO) - Get Cisco Systems, Inc. Report  and Take-Two Interactive Software (TTWO) - Get Take-Two Interactive Software, Inc. Report are expected to report their quarterly results.

Here are three top takes from the columnists of Real Money and Real Money Pro, our premium sites for Wall Street professionals and active investors:

Jim Cramer: So Easy to Scare People, So Hard to Set Them at Ease 

"You can't not have your cake and not eat it either. That's how I feel sometimes about the dollar, bond, commodity and currency stories floating around here right now," says TheStreet's Jim Cramer.

"Let's establish something first: tell me the last time you read a story that was deemed as positive about anything involving any of those assets?," Cramer asks, adding, "I want to just go over a couple of the bear cases and then ask you, did you sell anything in equities because of those cases?"

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4 Energy Sector Plays That Should Do Well

Real Money Pro columnist Bret Jensen writes, "The energy sector has been on a roll over the past six weeks or so as oil has moved over the $70 a barrel mark for the first time in several years. I am never overweight this sector in my own portfolio as not only do you have to get the company to invest in right, but usually also the direction of the underlying commodity."

"That said," Jensen says, "I do have a few stocks in my personal portfolio that are at partially dependent on the price of oil and which have done well lately."

Cisco Reports Earnings on Wednesday: What to Watch

"Cisco Systems (CSCO) - Get Cisco Systems, Inc. Reportjumped three months ago after beating January quarter estimates, issuing better-than-expected April quarter guidance and reporting its closely-watched product orders grew 5% annually. And shares have held onto their gains since," according to Real Money columnist Eric Jhonsa.

Jhonsa: "Can the networking giant deliver an encore performance when it delivers its April quarter report on Wednesday afternoon?"


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