Broadcom Earnings Seen Atop Street Despite AI Rally
Broadcom Corp reports after market close with expectations of 1.21 dollars per share on 13 billion dollars in revenue. Analysts note a strong year to date stock rise as AI enthusiasm boosts chipmakers. Freddie Mac shows 30-year mortgage averaging 6.35 percent, lowest in over a year, cooling buyer optimism but easing rates support buyers.
MENTIONED IN THIS ARTICLE
Broadcom
Freddie Mac
At&t Inc T
Alphabet Inc
Amazon.com Inc
AMZN
Anheuser-Busch InBev Bac
Asset Entities Inc Asst
Atmos Energy Ato
Bank of America Bac
Berry Plastics Gro Bery
Black Hills Corp Bkh
Boeing Co BA
Capitol Federal Cffn
Colgate-Palmolive Cmrce
Bnesh MO Cbsh
Energy Inc
EVRG
Ford Motor F
Garmin Ltd Grmn
Gen Dynamics GD
General Motors Co GM
Goodyear GT
ICL
ICL Group Ltd
Intel Corp Intc
Kohls Corp
KSS
Kroger Co KR
LogicMark Inc Lgmk
Merck & Co Mrk
Mullen Automotive Muln
Natl Bank Hidgs Corp
NBHC
Nvidia Corporation
NDA
Schlumberger Ltd Slb
Seabord Cp Smucker
JM Sjm
Spirit Aerosystems Spr
Summit Wireless Tech Wisa
T-Mobile US Inc
TMUS
Target Corp Tgt
WalMart Strs
Stocks Slip as Tech and Energy Weigh on Market
Wall Street traded lower with the S&P 500 down 0.2 and the Nasdaq down 0.3 while the Dow edged up 0.1. Technology and energy sectors led declines after Zscaler issued a softer earnings forecast, closing near 157.13 with an 18.7 percent drop from the prior session.
MENTIONED IN THIS ARTICLE
Wall Street
Zscaler
Spam Maker Hormel Forecast Trim Cuts Revenue View
Hormel Foods Corp. HRL shares fell to 31.01 after a 2.13 drop or 6.4 percent as the Spam and Dinty Moore stew maker trimmed its annual revenue forecast. The move reflected cautious outlook for the year.
MENTIONED IN THIS ARTICLE
Hormel Foods Corp
State revenue rises as August receipts exceed forecast
Revenue combined retail sales tax receipts reach 294 million in August, up 12.6 million or 4.5 percent from the estimate and 2.2 million or 0.7 percent higher than August 2023. Speaker Dan Hawkins of Wichita calls for property tax reform in 2025, saying tax relief is needed and feasible. Tim Carpenter reports for Kansas Reflector.
MENTIONED IN THIS ARTICLE
Dan Hawkins
Wichita
House
Senate
Hawkins
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