After the stock initially dipped after posting its earnings, Broadcom (AVGO) will open up by over 4% this morning. The company posted a 22.0% Y/Y increase in revenue, to $15.95 billion.
Broadcom earned $1.69 in non-GAAP EPS. In Q4, it expects revenue in the range of $17.4 billion to $17.01 billion. AVGO stock is a strong buy after Broadcom posted a strong quarter and $7 billion in free cash flow.
Estee Lauder (EL) may recover from Thursday’s 4.86% decline. The firm participated in a Barclays consumer staples conference. The CEO said that many beauty product prices increased dramatically in the post-COVID era. The firm needs to reposition some of its products to capture maximum demand.
Although it will bring small sizes and innovation at the right price point in the emerging market, expect demand weakness ahead as the global economy weakens.
NiSource (NI) trended in the $42-$43.51 range before a steep drop in recent sessions. NI stock closed at $39.83, down by 4.71%. Last month, the firm posted $0.22 non-GAAP EPS. This increased only slightly from $0.19 last year.
NiSource needs to complete critical investments to ensure its reliability for its customers. Despite increasing its 2025 earnings expectations, the nearly 5% daily drop on Thursday is a bearish turn of events.
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