Today we are watching…
1. Broadcom (#brcm)
Investors have enjoyed solid performance from Broadcom this year, as the company continues manufacturing semiconductor chips. On the downside, it’s getting pinched by trade tensions, Huawei lockups, and analyst doubt about a cyclical downturn. The company hopes that its diversified product line can get it out of trouble before having to downgrade earnings estimates of $5.20 of profit, on $5.7 billion revenue.
2. Secoo (#seco-adr)
Chinese luxury retailer Secoo does most of its business online, with a significant footprint in Asia. Long-term investors are banking the strength of the Secoo brand, committed to quality in a market laced with fake goods. As the quarter closes, analysts today are balancing exciting top-line growth prospects with tariff risks to the margins. 3 cents of profit per share are estimated on $155 million in total revenue.