At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know. In today's video, we cover the following:

  • Diamond Foods (Nasdaq: DMND) ousted its CEO and CFO after an internal investigation exposed improper payments to walnut growers. The scandal could cost Diamond its pending deal to buy Procter & Gamble's (NYSE: PG) Pringles brand.
  • PepsiCo (NYSE: PEP) reported earnings that beat estimates across the board.
  • Cisco Systems (Nasdaq: CSCO) had a huge fiscal second quarter with analyst-beating earnings.
  • Whole Foods (Nasdaq: WFM) served up numbers that beat estimates by $0.05 for the company's fiscal first quarter.  

It isn't always easy to know which stocks will outperform and which will fizzle. Luckily, some of The Motley Fool's brightest analysts have done the hard work for you. Click here for instant access to a free report, titled: "The Stocks Only the Smartest Investors Are Buying." The report reveals why even Buffet is interested in these stocks, and how you can make money from them.