Cisco (CSCO) - Get Report shares are rising after analysts at Evercore initiated coverage with a positive rating with a $60 price target. The firm says that investors are "under-appreciating" the company's pivot to a more predictable and free cash flow focused model.
Investors seem to have gotten the message, sending the stock more than 1% higher in trading. Year to date, Cisco is up more than 16%.
Intel Corp (INTC) - Get Report shares are rising after the company said that it will use the 2020 Olympic Games in Tokyo to showcase its portfolio of new tech, including artificial intelligence driven 3D tracking of athletes to help with sports broadcasts.
The company's chips will also do their part to further the surveillance state and be used in facial recognition systems, helping to track some 300,000 fans and athletes.
Looking ahead, cannabis investors will be watching Aurora Cannabis (ACB) - Get Report after the bell when it reports its fourth quarter earnings results. The stock is up more than 20% year to date, trading in the $6.30 range, but it is well off of its year to date high above $10.30 per share.
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