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Stocks to Watch: Broadcom, Lululemon, Apple

NEW YORK -- Broadcom (BRCM - Get Report) 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.

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Lululemon Athletica (LULU - Get Report), 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.

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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 - Get Report) 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.

Deutsche Bank Papered Over $12 Billion Loss, Report Says


-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

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SYM TRADE IT LAST %CHG
SFD $0.00 0.00%
AAPL $125.01 -0.63%
BRCM $45.50 1.34%
LULU $65.04 1.13%
FB $78.10 0.70%

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