Broadcom's record, Charter's Q2 miss, Newmont's buyback plan
Broadcom (AVGO) stock extends gains after hitting a record high, with the chipmaker outperforming nearly all of the "Magnificent Seven" stocks this year, second only to Nvidia (NVDA).
Charter Communications (CHTR) stock sinks after a second quarter earnings miss and a larger-than-expected loss of residential internet customers.
Newmont (NEM) beats second quarter expectations and posts record-high free cash flow, while also announcing a $3 billion share buyback program.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for your finance's market minute. Broadcom shares on track to hit another high on Friday, it's after closing at a record in the previous trading session. Semiconductor company has largely outperformed the magnificent seven stocks over the past year. So far, this year, the only magnificent seven stock to outperform Broadcom would be Nvidia. And shares of Charter communications, they're sinking in today's trade, the company missing earnings estimates for the second quarter. Charter communications also lost more residential high-speed internet customers than was expected. And lastly, Newmont reporting second quarter earnings and sales that did top expectations, the precious metals minor generating an all-time record quarterly free cash flow. Company also green lighting an additional $3 billion share repurchase program. And that's your Yahoo Finance Market Minute. For more on what's trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of the session.
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