The bull market seems to be back on track after a muted correction.
The Dow Jones Industrial Average gained more than 300 points to close at 25,200.37 on Thursday, Feb. 15. The Nasdaq rose about 1.6% to 7,256.43 while the S&P 500 climbed 1.2% to 2,731.20.
Cisco Systems Inc. (CSCO) had a big day after showing a growing top line, something that had been missing for quite some time. The stock rose 4.7% to $44.08 on Thursday. Chief Executive Chuck Robbins also spoke to investors at the Goldman Sachs tech conference, highlighting the company's plan to add software assets. The Deal's Chris Nolter explored what Cisco could acquire this year.
Speaking of M&A, newbie activist investor Jason Aintabi of Blackwells Capital LLC wants grocer SuperValue Inc. (SVU) to sell its wholesale business to United Natural Foods Inc. But first, Aintabi has to convince the grocery store chain and wholesale to consider strategic options, says The Deal's Ron Orol.
While many U.S. equities proved their resiliency on Thursday, Real Money contributor Jim Collins picked three names that could jump another 25% if -- and only if -- big questions are answered. Looking at you, General Electric Co. (GE) .
U.S. Bancorp (USB) saw its stock decline slightly after agreeing to pay $613 million to federal authorities to resolve violations related to the Bank Secrecy Act and anti-money-laundering rules. To be sure, the bank had set aside fund to cover the payments, so there will be no incremental effect on its profits.
Bitcoin, meanwhile, bounced back into the news, rising above $10,000 on Thursday. While bitcoin has rebounded 70% since lows earlier this month, TheStreet's Kinsey Grant looks at why the cryptocurrency could reach new highs by July.
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Photo of the day: The Happy Meal slims down
The Happy Meal, a staple for American families since 1979, is slimming down. McDonald's Corp. (MCD) announced Thursday that it all its Happy Meal options will have 600 calories or fewer and less than 650 milligrams of sodium. Personally, the toy was always the best part of the Happy Meal -- not that I ate it. But should the golden arches just kill the Happy Meal altogether? TheStreet's Brian Sozzi thinks so. Read more
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