The following video is from Wednesday's MarketFoolery podcast, in which host Chris Hill, along with analysts Austin Smith and Jason Moser, discusses the top business and investing stories.
In this installment, the guys discuss a rally by Cisco (NASDAQ:CSCO) and the broader market optimism this has inspired in the tech sector, optimism that they have decided to temper a bit themselves. They also look at Advanced Micro Devices (NASDAQ:AMD), a microchip company that has now denied rumors of a buyout, which caused its stock to plummet; however, this is only one of the company's woes. Finally, clothing retailer Abercrombie & Fitch (NYSE:ANF) experienced a major pop in share price after beating earnings by an incredible 40%; the guys throw a healthy dose of cold water on this undeserved optimism.
Austin Smith and Jason Moser have no positions in the stocks mentioned above. Chris Hill owns shares of Cisco Systems. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.