Here are five things you must know for Thursday, Feb. 15:
1. -- Stocks Poised for Five Days of Gains
U.S. stock futures were rising Thursday, Feb. 15, with markets poised to trade higher for a fifth straight session.
Contracts tied to the Dow Jones Industrial Average rose 183 points, while S&P 500 futures gained 12 points. Nasdaq futures were up 30.75 points early Thursday.
The Dow was getting a lift from shares of Cisco Systems Inc. (CSCO) , which rose in premarket trading after the company returned to revenue growth.
Producer prices in the U.S. rose 0.4% in January, matching the forecasts of economists. Core PPI rose 0.4%, ahead of estimates of up 0.2%.
Jobless claims in the week ended Feb. 10, rose 7,000 to 230,000.
Waste Management Inc. (WM) earned an adjusted 85 cents a share in the fourth quarter, 2 cents ahead of estimates. The company also provided strong 2018 guidance. The stock rose 3.8% in premarket trading on Thursday.
The Dow jumped 253 points, or 1.03%, to close at 24,893. The S&P 500 rose 1.34% and the Nasdaq soared 1.86% as technology shares outperformed.
2. -- Cisco Returns to Revenue Growth
Shares of Cisco rose 7.9% in premarket trading on Thursday after the networking giant's fiscal second-quarter earnings topped forecasts and its top-line grew.
"In Q2, we returned to revenue growth," Chairman CEO Chuck Robbins told investors in a call after the market close on Wednesday.
Cisco's revenue, which had declined for eight consecutive quarters according to FactSet, rose 3% in the quarter to $11.9 billion, beating a consensus forecast of $11.8 billion. Adjusted earnings of 63 cents a share topped expectations of 59 cents.
Among other positive notes in the quarter was that Cisco's Catalyst 9000 router was catching on with buyers.
"The Catalyst 9000 is the fastest ramping product in our history," Robbins told investors, noting that its count of 3,100 customers doubled over the prior year.
3. -- Buffett Likes Apple ... a Lot
Buffett has shown a voracious appetite to eat up Apple, likely as the company gets ready to spend enormously on dividends and buybacks amid tax reform.
4. -- McDonald's Slims Down Happy Meal
The fast-food giant also wants less than 10% of the meal's calories to come from saturated fat and added sugar. Gone from the menu will be cheeseburgers and chocolate milk.
The latest changes will occur in the United States by June, McDonald's said.
The stock rose 0.5% in premarket trading.
5. -- TripAdvisor Soars on ForecastTripAdvisor Inc. ( TRIP) jumped 16% in premarket trading on Thursday after providing guidance for 2018 above forecasts.