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.

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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.

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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) 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.

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-- Written by Joseph Woelfel

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