The Hot Stock: Broadcom Soars 8.5%

Better-than-expected earnings made Broadcom the best performing stock in the S&P 500 Friday. Broadcom (AVGO) soared to the top of the S&P 500 today after reporting higher-than-expected earnings and a larger role in Apple’s (AAPL) iPhone 8. Broadcom gained 8.5% to $254.53 today, while the S&P 500 advanced 0.4% to 2,439.07. AVGO reported another solid quarter, […]

Cisco Has Done Its Part to Send Palo Alto Networks Plunging 40% — Here’s Why It Could Now Be a Buy Don’t give up on Palo Alto Networks (PANW) . Palo Alto Networks, which reports on Wednesday after the close, hasn’t recovered from the bludgeoning it took three months ago after missing January quarter sales/billings estimates and issuing below-consensus April quarter and fiscal 2017 (ends in July) guidance. Shares are down about 40% from their […]

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Best Buy is capitalizing on troubles at Sears and HHGregg in one particular category

Best Buy shares soar after better-than-expected first-quarter earnings Best Buy is seeing growth in appliances, and will bring more in-home services to customers this year Best Buy Co Inc. attributed its better-than-expected quarter to mobile, gaming and improved overall sales trends. Neil Saunders, managing director of GlobalData Retail, thinks it has more to do with […]

ExxonMobil: Curb Your Enthusiasm?

Shares of ExxonMobil (XOM) traded up as much as 1.5% this morning after the oil giant beat earnings forecasts. They’ve been coming in ever since. Exxon reported a profit of 95 cents a share, beating forecasts for 88 cents, on sales of $63.3 billion, missing forecasts for $66.4 billion. In a note released before the […]