Stocks making the biggest moves midday: Broadcom, Signet, Dave & Buster’s and more

Broadcom – Shares of the chipmaker surged around 12% after the company beat earnings and revenue estimates for the fiscal second quarter and announced a 10-for-1 stock split. Adjusted earnings per share came in at $10.96 and revenue was $12.49 billion. Analysts polled by LSEG expected earnings of $10.84 per share and revenue of $12.03 billion. Data storage […]

UBS neutral on EM stocks, but likes tech

UBS said it was largely neutral on broader emerging market (EM) equities amid increased political volatility and limited upside potential from higher U.S. interest rates. But the brokerage said it favored EM tech stocks, stating that the sector had largely outpaced its EM peers in recent months, with sectors tied to artificial intelligence set to […]

Financials help TSX rebound, index still posts weekly decline

Canada’s main stock index rose on Friday as heavily-weighted financials led broad-based gains and after domestic inflation data this week raised expectations the Bank of Canada would soon cut interest rates. The Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE), opens new tab ended up 120.08 points, or 0.5%, at 22,320.87, rebounding after it posted on Thursday its […]