Broadcom Stock (AVGO)

The major equity indices closed modestly lower on Friday, one day after the S&P 500 notched a fresh record high close. The S&P 500 gave up 0.1% on the session while the Nasdaq Composite lost 0.2%. Six of the 11 S&P sector SPDR ETFs finished higher, led by Energy ($XLE). Healthcare ($XLV) was the weakest of these funds. Treasury …

Housekeeping item. Into the afternoon swoon I have covered the basket of high-octane/beta shorts I recently put on. Some of the stocks in the basket include $MU, $AMAT, $SNDK, $AVGO, $MRVL and $TSM. As I have noted in the Comments Section, this strategy is not recommended for home gamers! Position: None

What a day! What a rally. Could have been a heck of a lot worse. Markets opened on weakness Thursday, after a bloody day for stocks on Wednesday. Oil sold off, which was nice. That left some room for equities to rally ahead of Friday’s BLS labor market survey results for the month of May. …

With S&P futures -73 handles (following large declines in reporting companies CrowdStrike ($CRWD) and Broadcom ($AVGO) I am covering some of my shorts from yesterday and this morning: * $SPY $752.18 * $QQQ $741.69 From last night and during Tuesday’s regular trading session: After-Hours Trading At 4:55 PM Tuesday I added to index shorts: * SPY $760.02* QQQ $746.92 Position: Short SPY …

I suspect all the AI semi biz Broadcom ( AVGO ) has is profitless (or maybe money-losing) revenue. That is why they showed revenue growth but had accounting gimmicks that added to the bottom line: https://www.twitter.com…