Analyst Sells Cisco (CSCO) and Trims Meta (META) Amid Rising Yields

Steve Weiss, managing partner at Short Hills Capital, said in a recent appearance on CNBC’s Halftime Report that he sold Cisco Systems (NASDAQ:CSCO) and cut his position in Meta Platforms (NASDAQ:META). Weiss said he is getting cautious because Treasury yields keep climbing. The 10-year yield sat near 5.26% during the program. He said 5% now […]