Diamonds and Dogs


One chip stock bucking the trend. Broadcom (AVG) rose 3% as earnings beat expectations. Broadcom's sales rose 5% thanks to strong revenue from the cloud and telecom industry. A number of upgrades with price targets as high as $350 as one analyst believes the dividend should be hiked by 10%.

More profit-taking in the tech space. DocuSign (DOCU) fell 10% even as earnings beat expectations as sales rose 45% to $342 million. The company also raised full year guidance, but with a stock trading for 200 times earnings and 20 times sales, a little profit-taking is overdue.

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