Why Is Broadcom Stock Falling Thursday?
Broadcom (AVGO) stock drops over 3% premarket as soft Q4 revenue guidance overshadows strong Q3 earnings and solid AI sales.
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Wall Street analysts changed outlook for top names. Mizuho raised Chubb target, JP Morgan cut Costco target, B of A and Wells Fargo reduced targets.
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Broadcom (AVGO) stock drops over 3% premarket as soft Q4 revenue guidance overshadows strong Q3 earnings and solid AI sales.
Michael Burry warns of a private equity 'shell game' where giants like Apollo, KKR, and Blue Owl use life insurers to socialize credit risk.
The 10-year Treasury yield hit a 19-month high and crude jumped above $88 as traders lifted Fed rate-hike odds to 68%, cracking high-multiple software stocks.
ONEOK is acquiring Brazos Midstream's Permian Midland assets for $4.4 billion, funded through a $9 billion minority equity investment from Apollo. The deal will double ONEOK's processing capacity in the Midland Basin, enable $5 billion in debt repayment, and position the company to accelerate dividend growth while maintaining its 30+ year dividend stability record.
Chubb (CB) closed at $348.25, up 2.6%, outperforming the S&P 500's 1.06% gain. Analysts expect Q3 earnings of $6.22 per share (down 16.96% YoY) with revenue of $16.71 billion (up 3.59% YoY). The company holds a Zacks Rank #3 (Hold) with a Forward P/E of 12.41, trading at a premium to its industry average of 11.55.
Chubb (CB) closed at $338.31, down 1.59% from the previous day, underperforming the S&P 500's 0.72% gain. The stock has declined 5.01% over the past month. Upcoming earnings are expected to show an EPS of $6.35 (down 15.22% YoY) with revenue projected at $16.71 billion (up 3.59% YoY). Chubb holds a Zacks Rank #3 (Hold) rating with a Forward P/E of 12.51, trading at a premium to its industry average.