The S&P 500, after posting a whopping 24% gain in 2023, is continuing its winning streak this year. The S&P 500 enjoys a bull market and has touched record highs after spinning in a tight trading range for quite some time.The broader index gained more than 3% in January, as solid economic growth crushed recession fearmongering while inflationary pressure cooled down to levels that encouraged the Federal Reserve to take a dovish stance.The uptick in consumer outlays and strength in the labor market helped th ...

In the latest market close, Arista Networks (ANET) reached $269.58, with a +1.96% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.76%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 1.12%.Shares of the cloud networking company have appreciated by 12.27% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.99% and the S&P 500's gain of 2.5%.Analysts and investors alike will be keeping ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Arista Networks (ANET) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Arista Networks currently has an average brokerage recom ...

U.S. stock markets continue to show momentum in January after some initial hiccups following an astonishing 2023. Month to date, the Dow, the S&P 500, and the Nasdaq Composite are up 1.1%, 2.5% and 3%, respectively. Before last week, the S&P 500 and the Nasdaq Composite had completed a six-day winning streak. The Dow and the S&P 500 are currently trading at their historic high levels.Robust Economic Data for Q4 2023The Department of Commerce reported that the U.S. economy grew at 3.3% in fourth-quarter 2023 ...

new look casting/iStock via Getty Images MoneyShow’s top contributing analysts, strategists, and newsletter editors share their investment recommendations for the year ahead. See Part 1 here. Arista Networks By James Kelleher, Senior Analyst at Argus Research Arista Networks (ANET), our top pick in Technology-Communications Networks, is a leading supplier of cloud networking solutions for Internet companies, cloud service providers, and next-generation data centers. After 100%-plus growth in cloud titan ...

According to Gartner, Edge AI “refers to the use of AI techniques embedded in [Internet of Things] endpoints….that can process and store data close to where it’s generated.” In other words, Edge AI devices are connected to the internet and have their own AI rather than relying on distant data centers and the cloud. Edge AI generally enables AI-powered services to work significantly faster and is less vulnerable to security threats. Moreover, Edge AI enables its users to utilize more applications. For exampl ...

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Arista Networks (ANET) closed the latest trading day at $266.60, indicating a +1.17% change from the previous session's end. This move outpaced the S&P 500's daily gain of 0.22%. Elsewhere, the Dow saw an upswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.32%.Coming into today, shares of the cloud networking company had gained 10.6% in the past month. In that same time, the Computer and Technology sector gained 3.64%, while the S&P 500 gained 1.61%.Analysts and investors alike will be keeping a ...

The Magnificent Seven stocks are the new FAANG. Unsurprisingly, many members of the FAANG cohort are a part of the Magnificent Seven. The large tech companies that comprise this group have consistently paced and outperformed the market. Investors would have been very happy to start positions in any of the Magnificent Seven stocks ten years ago.While the Magnificent Seven stocks offer a vision of possibilities for long-term investors, new stocks are emerging. Some equities have outperformed the Magnificent S ...

Wall Street showed volatility to start the New Year. However, stocks have since then rebounded and three major indexes officially entered the bull market last week, with the S&P 500 Index hitting an all-time high. The S&P 500 closed at 4,839.81 points on Friday to record its highest close since January 2022.Wall Street had a solid 2023 after a disappointing 2022 as 40-year-high inflation took a toll on stocks and the Federal Reserve implemented an aggressive interest rate hike policy to normalize the situat ...