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DATA RELEASE
30-Year Fixed Mortgage Rate
7.11%
-7 bp

A fourth straight weekly decline takes the 30-year fixed to 7.11%, easing borrowing costs just as pending home sales slide. Homebuilders and mortgage lenders feel this before buyers do.

Source: FRED · MORTGAGE30US

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New ETF launches1 new ETF hit the market · Nov 12
  • ISMHxETFs International Semiconductor Index ETFequity0.65%

Thursday's lone launch is a pure bet on chipmakers listed outside the US, an exposure most semiconductor funds skew away from. The xETFs International Semiconductor Index ETF carries a 0.65% net expense ratio.

QXOQXO
Q3 2026
EPS
$0.13
est $0.14-4.2%
Revenue
$4.89B
est $4.83B+1.4%

Brad Jacobs' roll-up is working on the top line, with sales up 79% year over year as TopBuild's first full quarter added $1.64 billion. The adjusted earnings miss is the bill for that growth: deal-related amortization and interest pushed GAAP to a $0.17 per share loss. The board also authorized a $500 million buyback.

Quarterly revenue
QXO share price +0.70% since close
Biggest movers · At the close
  • AVGOBroadcom$364.15+5.5%
  • AMDAMD$582.17+5.3%
  • LMNDLemonade$42.54+4.7%
  • ANETArista Networks$205.71+4.6%
  • EQNREquinor$42.76+3.4%
  • ACHRArcher Aviation$4.33-11.1%
  • LCIDLucid$3.27-11.0%
  • IONQIonQ$30.81-9.5%
  • OPENOpendoor Technologies$1.24-9.4%
  • JOBYJoby Aviation$5.34-8.9%

Broadcom closed up 5.48% while Archer Aviation gave back 11.1%, a 16-point spread between the best and worst of 383 priority names. That is the kind of session worth checking your portfolio against.

CSCOCisco Systems
Q1 2027
EPS
$1.40
est $1.32+5.7%
Revenue
$18.52B
est $18.12B+2.2%

Cisco just raised its FY27 hyperscaler AI infrastructure outlook to $9 billion, and Networking revenue climbing 43% year over year says the supercycle is already in the numbers. Both EPS and sales topped estimates, and full-year guidance went up with them.

Quarterly EPS — reported vs estimate
In Q1, we delivered the strongest revenue and non-GAAP earnings per share growth rates for Cisco in over 15 years.

A 15-year growth record at this networking incumbent means AI data center orders are finally showing up in the top line, yet the stock slipped 1.1% since Robbins said it.

CSCO -1.10%since the quote

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Organizations are turning to Cisco for our trusted, market-defining technology and our expertise to help them scale, secure and optimize their environments for the agentic AI era.

Robbins is staking Cisco's fiscal 2027 Q1 pitch on enterprises buying networking and security to run AI agents beyond chatbots. Shares slipped 1.1% since, so investors want order numbers behind the positioning.

CSCO -1.10%since the quote