Latest news with #Broadcom
Yahoo
12 hours ago
- Business
- Yahoo
Dow Jones Futures Fall Amid New Trump Tariffs; Palantir In Buy Zone As Tesla, Nvidia Fall Back
The major indexes rose to key levels last week amid Trump tariff news. Palantir, Broadcom and CrowdStrike are in buy areas. Tesla and Nvidia fell back.
Yahoo
13 hours ago
- Business
- Yahoo
Broadcom earnings may produce shock and awe
Broadcom earnings may produce shock and awe originally appeared on TheStreet. It would be easy to write off Broadcom's year-to-date stock performance as a "so what?" Don't. Broadcom () shares have been flying in the aftermath of stocks' tumbling in the wake of President Trump's tariff announcement. 🔥! 💰 True, the tech giant's year-to-date return is not impressive, up just 4.4%. But that's due to gyrating markets. Since the end of the first quarter, however, Broadcom has jumped 44.6%, closing Friday at $242.07. That's just 3.9% below its December peak of $251.88. Broadcom will command the most attention of companies reporting quarterly earnings this week. It's a smallish list of stocks overall because the first-quarter earnings season is largely finished. The list includes cybersecurity company CrowdStrike Holdings () , apparel retailer lululemon athletica () and video-game retailer GameStop () . Nvidia () and Costco Wholesale () were last week's glamour stocks and largely delivered what Wall Street wanted. And the stocks were mostly rewarded. Nvidia was up 2.9% for the week. While the shares are up just 0,6% for 2025, they are up nearly 25% in the quarter as stock market has recovered from the tariff shock. Costco ended the week up 3.1% and is up 13.5% on the year. The major averages all ended the week higher. The Standard & Poor's 500 Index climbed 1.8%. The Nasdaq Composite and Nasdaq-100 indexes were rose 2%. The Dow Jones Industrial Average added 1.6%. The S&P 500 ended May with a 6.2% gain, its best month of the year and the best month for the index since November 2023. It is also the S&P 500's best May performance since 1997. The Dow industrials were up 3.9% for May. The tech-heavy Nasdaq-100 added 10.7%. The broader Nasdaq gained 9.6% for the month,Broadcom is expected to tell a pretty good story with its fiscal second-quarter results, due after Thursday's market close. The company makes chips and infrastructure products that are key components used in artificial intelligence. Its core customers include the hyperscalers — Microsoft () , Alphabet () , () and Facebook parent Meta Platforms () . It's been supplying the 5G radio components for the Apple () iPhone. These companies are spending billions of dollars building up their artificial intelligence capacities with software and giant data centers all over the Street estimates Broadcom will earn $1.57 a share, up 15% from a year ago. The revenue estimate is $14.97 billion, up from $12.49 billion a year ago. The company has been beating estimates for multiple quarters. The company saw first-quarter revenue from its AI-related business hit $4 billion, up 77% from a year earlier, and it has forecast huge revenue gains in future quarters, all thanks to AI. More Tech Stocks: Palantir gets great news from the Pentagon Analyst has blunt words on Trump's iPhone tariff plans OpenAI teams up with legendary Apple exec Broadcom was up 5.8% for the week, outperforming the major averages. Since the April market bottom, the shares have handily out-performed every stock in among the Magnificent 7 group stocks. Even Tesla () — up 33%. It's ahead of crypto dealer Coinbase Global () (up 43.2%). Broadcom's market cap is $1.14 trillion, larger than Tesla's $1.12 trillion and the $1.09 trillion market cap for Berkshire Hathaway () and () . In the last 30 trading days, Broadcom has been the ninth-best performer in the Standard & Poor's 500 Index and eighth among stocks in the Nasdaq-100 Index. Yes, the current situation is great and looks strong, but there may some risks to the Broadcom story. The stock may be pricey. Its forward price/earnings ratio was 30.93 on Friday, higher than most semiconductor companies including Nvidia. Its current p/e was nearly 117. Its relative strength index was at 75. Above 75 suggests the stock is overbought and vulnerable to a shock. Broadcom has $66 billion in long-term debt. It has toyed with the idea of buying () , which would be a challenge if it can't sell Intel's foundry business. 2025 has been a gut-wrenching year, as everyone knows, especially President Trump who saw the S&P 500 fell 10.5% in the two days after April 2, aka Liberation Day, when he announced his tariff proposals. Markets Friday were barely changed. So are markets in 2025. The Dow is barely positive. The S&P 500 is off 0.6%, and the Nasdaq is off 1%. The small-cap Russell 2000 index is down 7.4%. The short answer: Ask President Trump. He's already has accused China of violating a tariff pause agreed to earlier this month in Switzerland. (Huge tariffs are suspended on expectation for a trade deal on July 9.) At a rally in Pittsburgh Friday, he vowed plans to impose 50% tariffs on steel imports. His administration is scrambling to fight off a court decision that declared most of his tariff plan unconstitutional. That fight is likely to land before the Supreme Court. The first hint of where investors see the market and global economy headed this coming week will come Sunday when futures trading opens at 6 p.m. ET. Technology company Credo Technology Group () , after Monday's close. Soup maker Campbell Company () , before Monday's open. Crowdstrike Holdings () , after Tuesday's close. Retailer Dollar General () , before Tuesday's open. Retailer Dollar Tree () , before Wednesday's open. Database company MongoDB () , after Wednesday's close. Retailer lululemon athletica () , after Thursday's close. Software company DocuSign () , after Thursday's close. Alcoholic beverage company Brown-Forman () and () , before Thursday's open. GameStop () , before Friday's earnings may produce shock and awe first appeared on TheStreet on Jun 1, 2025 This story was originally reported by TheStreet on Jun 1, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
16 hours ago
- Business
- Miami Herald
Broadcom earnings may produce shock and awe
It would be easy to write off Broadcom's year-to-date stock performance as a "so what?" Don't. Broadcom (AVGO) shares have been flying in the aftermath of stocks' tumbling in the wake of President Trump's tariff announcement. Get $100 off TheStreet Pro - our best deal of the summer won't last long! Your portfolio will thank you! True, the tech giant's year-to-date return is not impressive, up just 4.4%. But that's due to gyrating markets. Since the end of the first quarter, however, Broadcom has jumped 44.6%, closing Friday at $242.07. That's just 3.9% below its December peak of $251.88. Broadcom will command the most attention of companies reporting quarterly earnings this week. It's a smallish list of stocks overall because the first-quarter earnings season is largely finished. The list includes cybersecurity company CrowdStrike Holdings (CRWD) , apparel retailer lululemon athletica (LULU) and video-game retailer GameStop (GME) . Nvidia (NVDA) and Costco Wholesale (COST) were last week's glamour stocks and largely delivered what Wall Street wanted. And the stocks were mostly rewarded. Nvidia was up 2.9% for the week. While the shares are up just 0,6% for 2025, they are up nearly 25% in the quarter as stock market has recovered from the tariff shock. Costco ended the week up 3.1% and is up 13.5% on the Standard & Poor's 500 Index ended May with a 6.2% gain, its best month of the year and the best month for the index since November 2023. It is also the S&P 500's best May performance since 1997. The Dow Jones industrials were up 3.9% in the month and the tech-heavy Nasdaq-100 Index added 10.7%. The broader Nasdaq Composite Index was up 9.6% for the month Related: Fed official sends strong message about interest-rate cuts Broadcom is expected to tell a pretty good story with its fiscal second-quarter results, due after Thursday's market close. The company makes chips and infrastructure products that are key components used in artificial intelligence. Its core customers include the hyperscalers - Microsoft (MSFT) , Alphabet (GOOGL) , (AMZN) and Facebook parent Meta Platforms (META) . It's been supplying the 5G radio components for the Apple (AAPL) iPhone. These companies are spending billions of dollars building up their artificial intelligence capacities with software and giant data centers all over the world. Related: Forget tariffs, here's why CEOs worry about a looming recession Wall Street estimates Broadcom will earn $1.57 a share, up 15% from a year ago. The revenue estimate is $14.97 billion, up from $12.49 billion a year ago. The company has been beating estimates for multiple quarters. The company saw first-quarter revenue from its AI-related business hit $4 billion, up 77% from a year earlier, and it has forecast huge revenue gains in future quarters, all thanks to AI. More Tech Stocks: Palantir gets great news from the PentagonAnalyst has blunt words on Trump's iPhone tariff plansOpenAI teams up with legendary Apple exec Broadcom was up 5.8% for the week, outperforming the major averages. Since the April market bottom, the shares have handily out-performed every stock in among the Magnificent 7 group stocks. Even Tesla (TSLA) - up 33%. It's ahead of crypto dealer Coinbase Global (COIN) (up 43.2%). Broadcom's market cap is $1.14 trillion, larger than Tesla's $1.12 trillion and the $1.09 trillion market cap for Berkshire Hathaway (BRK.A) and (BRK.B) . In the last 30 trading days, Broadcom has been the ninth-best performer in the Standard & Poor's 500 Index and eighth among stocks in the Nasdaq-100 Index. Yes, the current situation is great and looks strong, but there may some risks to the Broadcom story. The stock may be pricey. Its forward price/earnings ratio was 30.93 on Friday, higher than most semiconductor companies including Nvidia. Its current p/e was nearly 117. Its relative strength index was at 75. Above 75 suggests the stock is overbought and vulnerable to a shock. Broadcom has $66 billion in long-term has toyed with the idea of buying (INTC) , which would be a challenge if it can't sell Intel's foundry business. 2025 has been a gut-wrenching year, as everyone knows, especially President Trump who saw the S&P 500 fell 10.5% in the two days after April 2, aka Liberation Day, when he announced his tariff proposals. Markets Friday were barely changed. So are markets in 2025. The Dow is barely positive. The S&P 500 is off 0.6%, and the Nasdaq is off 1%. The small-cap Russell 2000 index is down 7.4%. The short answer: Ask President Trump. He's already has accused China of violating a tariff pause agreed to earlier this month in Switzerland. (Huge tariffs are suspended on expectation for a trade deal on July 9.)At a rally in Pittsburgh Friday, he vowed plans to impose 50% tariffs on steel administration is scrambling to fight off a court decision that declared most of his tariff plan unconstitutional. That fight is likely to land before the Supreme Court. The first hint of where investors see the market and global economy headed this coming week will come Sunday when futures trading opens at 6 p.m. ET. Technology company Credo Technology Group (CRDO) , after Monday's close. Soup maker Campbell Company (CPB) , before Monday's open. Crowdstrike Holdings (CRWD) , after Tuesday's Dollar General (DG) , before Tuesday's Dollar Tree (DLTR) , before Wednesday's open. Database company MongoDB (MDB) , after Wednesday's close. Retailer lululemon athletica (LULU) , after Thursday's company DocuSign (DOCU) , after Thursday's beverage company Brown-Forman (BF.A) and (BF.B) , before Thursday's (GME) , before Friday's open. Related: Veteran fund manager who predicted April rally updates S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Insider
18 hours ago
- Business
- Business Insider
Most Anticipated Earnings this Week – Week of June 2, 2025
The week ahead holds earnings releases for several market-moving companies, including names such as Nio and Broadcom, which are of particular interest to many investors. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Here is a list of this week's most anticipated earnings. Click on any ticker to further research the stock and determine whether it's a Buy, ahead of its earnings report.
Yahoo
18 hours ago
- Business
- Yahoo
1 Stock to Buy, 1 Stock to Sell This Week: Broadcom, Lululemon
Trump tariffs, U.S. jobs report, and last batch of earnings will be in focus this week. Broadcom's robust earnings outlook, driven by AI and software growth, makes it a standout buy this week. Lululemon's expected weak results and consumer spending concerns signal a sell. Looking for more actionable trade ideas? Subscribe now and save 45% off InvestingPro! Stocks on Wall Street ended lower on Friday, but the major indices notched a weekly gain and the biggest monthly increase since late 2023 as investors shook off trade war fears. The benchmark S&P 500 jumped 1.9% for the week and 6.2% in May. The tech-heavy Nasdaq Composite advanced 2% on the week and 9.6% for all of May, its biggest monthly gain since November 2023. Meanwhile, the Dow Jones Industrial Average rose 1.6% during the week and 3.9% for the month. Source: More volatility could be in store this week as investors continue to assess the outlook for the economy, inflation, interest rates and corporate earnings amid President Donald Trump's trade war. Most important on the calendar will be Friday's U.S. employment report for May, which is forecast to show the economy added 130,000 positions. The unemployment rate is seen holding steady at 4.2%. Ahead of the jobs report, the ISM manufacturing and services PMIs will also be closely watched. That will be accompanied by a heavy slate of Fed speakers, including Chairman Jerome Powell. Traders maintained bets that the U.S. central bank would cut interest rates by 25 basis points in September, as per the Fed Monitor Tool. Source: Elsewhere, on the earnings docket, there are just a handful of corporate results due as the Q1 reporting season draws to a close, including Broadcom (NASDAQ:AVGO), CrowdStrike (NASDAQ:CRWD), Lululemon (NASDAQ:LULU), Dollar Tree (NASDAQ:DLTR), Dollar General (NYSE:DG), Five Below (NASDAQ:FIVE), and Nio (NYSE:NIO). Regardless of which direction the market goes, below I highlight one stock likely to be in demand and another which could see fresh downside. Remember though, my timeframe is just for the week ahead, Monday, June 2 - Friday, June 6. Broadcom, a leading semiconductor and software company with a market cap exceeding $1 trillion, is poised for a breakout week. The primary catalyst is its upcoming earnings report, expected to showcase robust financial performance. The company's fiscal Q2 report is scheduled to come out on Thursday at 4:15PM ET. Market participants expect a sizable swing in AVGO shares following the print, with options markets pricing in a potential $7 move, or roughly 8%, in either direction post-earnings. Source: InvestingPro Analysts expect Broadcom to deliver $1.57 per share, a robust 43% year-over-year increase, on revenue of $14.95 billion, up 20%. With data center investments continuing to accelerate globally and enterprise software spending showing resilience despite economic uncertainties, Broadcom appears well-positioned to deliver another strong quarter that could drive further appreciation in its shares. Analyst sentiment has been notably positive heading into the print. According to InvestingPro data, all 22 of the latest analyst revisions have been to the upside, highlighting confidence in Broadcom's continued expansion. The company's momentum mirrors that of AI leader Nvidia (NASDAQ:NVDA), fueled by its dominance in data center infrastructure. With a history of beating earnings estimates and a forward P/E ratio that remains attractive compared to peers, Broadcom is well-positioned for upside. Positive guidance and potential dividend increases could further boost investor confidence. Source: AVGO stock ended Friday's session at $242.07, near its 52-week high of $251.88. Shares are up just 4% year-to-date in 2025 after delivering a robust 110% total return in 2024. InvestingPro's AI-powered quantitative model rates Broadcom with a 'GREAT' Financial Health Score of 3.05, reflecting strong profit and sales growth, high gross margins (over 76%), and a long-standing record of rising dividends. Be sure to check out InvestingPro to stay in sync with the market trend and what it means for your trading. Subscribe now for 45% off and position your portfolio one step ahead of everyone else! Conversely, Lululemon, a premium athleisure brand, faces a challenging week as it prepares to release earnings that are expected to disappoint. With intensifying competition in the activewear space and a lofty valuation that leaves little margin for error, LULU is vulnerable to a post-earnings sell-off. The yoga wear retailer is scheduled to release its first quarter update after the U.S. market closes on Thursday at 4:05PM ET. According to the options market, traders are pricing in a massive swing of 8.6% in either direction for LULU stock following the print. Source: InvestingPro The market is bracing for weak financials, driven by a slowdown in U.S. consumer spending on discretionary items like yoga gear and sportswear. Analyst sentiment is overwhelmingly bearish with 19 downward revisions and no upward adjustments in the weeks preceding the report. Lululemon is expected to post an annual gain of 1.6% in adjusted earnings per share to $2.58, with revenue projected to increase by 6.8% from the year-ago period to $2.36 billion. Commentary from executives on the health of the U.S. consumer will be closely watched, as any signs of prolonged weakness could rattle investor confidence. Lululemon's forward guidance already disappointed last quarter, and there's a palpable risk that another underwhelming report could prompt further downgrades. The premium athletic apparel retailer, known for its $128 leggings and $68 workout tanks, faces increasing competition from both established athletic brands and fast-fashion retailers offering similar styles at lower price points. Source: The technical picture for Lululemon stock has deteriorated as well, with shares underperforming the broader market and key retail indices year-to-date. LULU stock closed at $316.47 on Friday, well below its 52-week high of $423.32. As per InvestingPro research, recent analyst commentary paints a picture of declining momentum. Morgan Stanley (NYSE:MS) cut its price target, and BNP Paribas (OTC:BNPQY) downgraded to Underperform, warning of shrinking margins and pricing pressures. Be sure to check out InvestingPro to stay in sync with the market trend and what it means for your trading. Whether you're a novice investor or a seasoned trader, leveraging InvestingPro can unlock a world of investment opportunities while minimizing risks amid the challenging market AI: AI-selected stock winners with proven track record. InvestingPro Fair Value: Instantly find out if a stock is underpriced or overvalued. Advanced Stock Screener: Search for the best stocks based on hundreds of selected filters, and criteria. Top Ideas: See what stocks billionaire investors such as Warren Buffett, Michael Burry, and George Soros are buying. At the time of writing, I am long on the S&P 500, and the Nasdaq 100 via the SPDR® S&P 500 ETF (SPY (NYSE:SPY)), and the Invesco QQQ Trust ETF (QQQ). I am also long on the Invesco Top QQQ ETF (QBIG), and Invesco S&P 500 Equal Weight ETF (RSP). I regularly rebalance my portfolio of individual stocks and ETFs based on ongoing risk assessment of both the macroeconomic environment and companies' financials. The views discussed in this article are solely the opinion of the author and should not be taken as investment advice. Follow Jesse Cohen on X/Twitter @JesseCohenInv for more stock market analysis and insight. Related articles 1 Stock to Buy, 1 Stock to Sell This Week: Broadcom, Lululemon These 4 Quantum Stocks Outperformed in May—Is There More Room to Run? Nvidia Rides the AI Supercycle With Another Beat - And Still Looks Underpriced Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
