Traders will be watching premarket trading reaction to quarterly earnings reports from Cisco and Bath & Body Works.
Hennion & Walsh Asset Management President and CIO Kevin Mahn joins a 'Mornings with Maria' panel to discuss the retail market's outlook for the holiday season.Shares are gaining more than 4% in premarket trading after the company beat first-quarter revenue estimates, as easing supply chain constraints and a COVID-19 recovery in China helped meet demand for its broadCisco forecast current-quarter revenue to grow between 4.5% and 6.
Cisco Systems sign in front of one the many buildings that make up the company's headquarters in San Jose.Shares are surging more than 21% in premarket trading after the personal care and home fragrance retailer topped Wall Street revenue estimates.Net income for the three months ended October 29 was $91 million, up from $87.8 million a year ago.The company is forecasting fourth quarter earnings from continuing operations per diluted share between $1.45 and $1.65.
Continuing claims, which track the total number of workers collecting unemployment benefits, are expected to rise for the fifth consecutive week to 1.5 million.
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