An employee walks through the parking lot at a Broadcom office on June 03, 2021 in San Jose, California. Justin Sullivan | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Here’s today’s edition. We have seen some strength come back to the S & P 500 since the Morning Meeting. These gains come despite an earlier uptick in Treasury yields. … Read more
Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares jumped about 9% Monday after Citigroup resumed its coverage of the stock with a buy rating and updated its price target to $1,100. Shares are currently trading around $1,034. Citigroup said it resumed its coverage of the semiconductor and software … Read more
Broadcom (AVGO) reported mixed fiscal fourth-quarter results Thursday, coming up slightly short on the top line, despite strong profitability. The forward guidance was complicated by a number of moving parts and cyclical challenges in the semiconductor business — but we’re unconcerned because the company’s AI story remains intact, along with the ongoing integration of a … Read more
My top 10 things to watch Monday, Dec. 4 1. U.S. stocks are lower in premarket trading, with S & P 500 futures down 0.54%. The move comes after five-straight weeks of gains for equities — and here’s how I make sense of the tremendous rally we’ve seen. Meanwhile, bond yields pull back, with that … Read more
CNBC’s Jim Cramer on Friday laid out what he thinks investors should focus on in the coming week, pinpointing next week’s nonfarm payroll report, which measures unemployment and wage inflation. The labor figures could indicate whether interest rates will stay low, he said. And with rates on the decline, Cramer asserted that buyers are broadening … Read more
Apple’s soaring stock price over the past two decades has been driven by its iconic consumer devices. It started with the iPod and iMac. Then came the iPhone and iPad. And more recently, the Apple Watch and AirPods. But there’s a lot more to the biggest U.S. company by market cap than just gadgets. At … Read more
It was another win for the bulls this week. Wall Street started the month of December higher Friday — building on November’s rally, which broke a three-month losing streak. November really lived up to its stellar reputation, with monthly gains of nearly 8.8% for the Dow , about 8.9% for the S & P 500 … Read more
