SMART MONEY SELLS #1 DOW STOCK; APPLIED MATERIALS TO TELL AN IMPORTANT AI STORY; HIDDEN INFLATION IN PPI
By Nigam Arora
To gain an edge, this is what you need to know today.
Important Earnings Ahead
Please click here for a chart of Cisco Systems stock (CSCO).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of CSCO stock is being used to illustrate the point.
- Cisco is important because it is an example of a legacy company that has been rerated due to surging demand from AI data centers for its networking equipment.
- The chart shows CSCO stock has surged about 50% this year. Cisco has been the number one stock in the Dow Jones Industrial Average year to date.
August 13, 2026