Better

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<p class="has-drop-cap">In a day of significant market movements, three major companies have captured investors’ attention with notable developments and stock price shifts. Ulta Beauty (NASDAQ: ULTA) saw a surge following <a href="https://tokenist.com/nike-and-ulta-beauty-soar-on-news-of-big-name-investor-stakes/" rel="noopener noreferrer nofollow" class="deco-link">news of Warren Buffett’s investment</a>, Walmart (NYSE: WMT) impressed with <a href="https://tokenist.com/walmart-reports-better-than-expected-q2-0-67-eps-169-3-b-in-revenue/" class="deco-link" rel="noopener noreferrer nofollow">strong earnings</a>, and Cisco (NASDAQ: CSCO) announced restructuring plans alongside <a href="https://tokenist.com/cisco-shares-surge-on-earnings-beat-and-restructuring-plans/" class="deco-link" rel="noopener noreferrer nofollow">better-than-expected results</a>.</p>
<h3 id="ulta-beauty-shares-soar-on-warren-buffett-backing">Ulta Beauty Shares Soar on Warren Buffett Backing</h3>
<p>Ulta Beauty (ULTA) shares soared by 11.28% to $366.16 after Warren Buffett’s Berkshire Hathaway revealed a new stake in the company. The investment, valued at $266.3 million as of the end of the second quarter, represents a vote of confidence from one of the world’s most renowned investors. Despite the recent uptick,</p>
<p>Ulta’s stock still shows negative returns year-to-date (-25.27%) and over the past year (-20.15%). With a market capitalization of $17.472 billion and a <a href="https://tokenist.com/investing/p-e-ratio/" rel="noopener noreferrer nofollow" class="deco-link">price-to-earnings ratio</a> of 12.84, analysts maintain an average price target of $464.77 for the beauty retailer.</p>
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<h3 id="walmart-climbs-after-excellent-q2-results">Walmart Climbs After Excellent Q2 Results</h3>
<p>Walmart (WMT) stock climbed 6.63% to $73.21 following its impressive second-quarter earnings report. The retail giant beat expectations with adjusted earnings per share of $0.67 against an expected $0.64, and revenue of $169.3 billion versus the anticipated $168.52 billion. <br><br>Walmart’s success was driven by strong performance across various segments, including a 21% increase in global e-commerce sales and a 26% growth in its global advertising business.</p>
<p>The company’s market capitalization now stands at $588.988 billion, with a price-to-earnings ratio of 29.47. Walmart also raised its full-year outlook for fiscal 2025, citing continued patronage from higher-income consumers.</p>
<h3 id="cisco-reports-better-than-expected-earnings-continues-restructuring-plans">Cisco Reports Better than Expected Earnings, Continues Restructuring Plans</h3>
<p>Cisco Systems (CSCO) shares jumped 6.89% to $48.57 after the company reported better-than-expected quarterly earnings and announced significant restructuring plans.</p>
<p>The networking equipment manufacturer posted adjusted earnings of 87 cents per share, surpassing the expected 85 cents, on revenue of $13.64 billion. However, this revenue figure represents a 10% decrease from the previous year. Cisco plans to cut 7% of its global workforce, approximately 5,940 jobs, in its second major round of layoffs this year.</p>
<p>The restructuring is expected to result in $1 billion in pretax charges as the company shifts focus towards high-growth areas such as artificial intelligence and cybersecurity. Cisco’s market capitalization reached $195.699 billion, with a price-to-earnings ratio of 17.89.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/stocks-to-watch-today-ulta-beauty-walmart-and-cisco/">Stocks to Watch Today: Ulta Beauty, Walmart, and Cisco</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: Ulta Beauty, Walmart, and Cisco

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