Stocks to Watch: Broadcom, Lululemon, Apple
NEW YORK -- Broadcom (BRCM) lifted its outlook for fourth-quarter revenue on Wednesday to $2 billion to $2.1 billion, from its previous range of $1.95 billion to $2.1 billion.
The chipmaker cited better-than-expected results in its wireless division.
Lululemon Athletica(LULU) , the athletic apparel maker, is expected by analysts Thursday to post third-quarter profit of 37 cents a share on revenue of $305.1 million.
Smithfield Foods (SFD) , the meat producer, is seen earning 44 cents a share in its fiscal second quarter on revenue of $3.3 billion.
Shares of Apple (AAPL) declined 6.4% to $538.79 on Wednesday on reports of a margin hike at one clearing firm and concerns over component supplies falling next year. It was Apple's biggest single-day loss in four years.
Apple shares are also nearing a "death cross," when a stock's 50-day moving average cuts below the 200-day moving average.
Deutsche Bank (DB) used fuzzy math during the financial crisis to avoid more than $12 billion in derivatives losses, according to allegations made by former bank staff in a report by The Financial Times.
-- Written by Joseph Woelfel
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