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European Countries Impose New Covid-19 Restrictions Amid Rising Infections The Wall Street JournalView Full Coverage on Google News
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Mike Pence will not quarantine after four aides test positive for coronavirus CNBCMembers of Pence's Inner Circle Test Positive for Coronavirus The New York TimesAt least 5 people in Pence's orbit, including chief of staff Marc Short, are positive for coronavirus CNNCovid-19 Pandemic: Live Updates and News for Oct. 25, 2020 Bloomberg
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Biden vs. Trump: Live Updates for the 2020 Election The New York TimesBiden grilled on 'transition' away from oil and gas comment in Pennsylvania TV interviews Fox NewsTrump denies Covid-19 surge even as virus spreads among Pence's inner circle CNNThe Memo: Five reasons why Trump could upset the odds | TheHill The Hill
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 While the novel coronavirus pandemic has upended several sectors, some industries are doing better than others. One such sector is tech. SPDR S&P Software & Services ETF (NYSEARCA:XSW) is up by 41.74% compared to the S&P 500, which is up by just 22.73%. One of the major contributors to this enormous success is Cisco (NASDAQ:CSCO) stock.
Source: Valeriya Zankovych / Shutterstock.com
Many will remember the company from the dot-com bubble burst in the late 1990s. Cisco stock reached some astronomical numbers during that time. And although it hasn't scaled those heights since, it is one of the most consistent stocks around, up approximately 33% over the last five years.
And why not? Cisco has an excellent balance sheet with very little debt. It also boasts excellent operating metrics, juicy dividend yield and is trading at a steep discount to the sector. With so much going for it, it's hard to argue against Cisco stock right now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Cisco Stock Is a Bargain
Although Cisco stock has recovered a bit from the drubbing it received at the height of the pandemic in March, shares are still trading at a 25.79% discount to the 52-week high of $50.28 per share. You can chalk that up to the global economic slowdown brought about by the pandemic. However, not all is doom and gloom. Several companies are in the race to manufacture a commercial Covid-19 vaccine. So, the slowdown should start letting up soon, and hopefully, pent up demand will make up for any lost sales.
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Meadows defended White House protocols and the decision to keep Vice President Pence on the campaign trail following a second Covid-19 outbreak.
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The U.S. reported more than 83,700 new Covid-19 cases on Friday, passing the last record seen in mid-July, according to data compiled by Johns Hopkins University.
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Speaker Nancy Pelosi and the White House traded blame for the latest stall in negotiations on a new coronavirus stimulus.
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Spending remains important as countries grapple with COVID-19 infections.
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