SLOW DOWN IN HIRING AS MARKETS START TIRING

Market Movers of the Day: Tech, Tariffs, and Jobs

1. Broadcom (AVGO) – (AI Demand fuels a Beat-and-Raise)

• Quick Summary: Beat Q3 consensus:

  • EPS: $1.69 vs. ~$1.66 expected

  • Revenue: $15.95B, up 22% YoY

  • AI sales: Soared 63% to $5.2B

  • Q4 guidance: $17.4B top-line (+24%)   

• Reaction: Shares jumped ~11% intraday, plus long-term gains of ~33% YTD

• Fundamentals:

  • P/E: ~25–30×

  • Strong margins (~67% EBITDA)

  • High FCF: ~$7B this quarter

    
    

• Technicals:

  • Support: ~$310 long base

  • Resistance: ~$330 ATH areas

    
    

• Outlook: Bullish ST/MT/LT. AI is a mega tailwind and expectations are realistic.

2. Lululemon (LULU) – Earnings Beat, But Weak Sales & Tariffs Sting

• Quick Summary:

  • EPS: $3.10 beat $2.85 est.

  • Revenue: $2.53B vs. $2.54B est. → slight miss

  • Adjusted EBITDA beat ($643M vs. $598M est.)

  • Slashed full-year revenue & EPS guidance; U.S. softness + tariffs blamed

• Reaction: Stock dropped ~16% today

• Fundamentals:

  • ROIC >20%, ROE >40% (marquee financials)

  • Strong balance sheet, minimal debt.

    
    

• Technicals:

  • Support: ~$200–205 (50-DMA zone)

  • Resistance: ~$240–250 (prior highs)

  
  

• Outlook:

  • Short-term: Bearish—guide cut shocks

  • Mid-term: Neutral—with improved styles and international growth

  • Long-term: Still hold potential, but needs product innovation to regain speed

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  • 3. DocuSign (DOCU) – Efficiency + Earnings = Nice Bounce

• Quick Summary:

  • EPS: $0.92 vs $0.84 est. (+9%)

  • Revenue: $800.6M vs $780.9M est. (+8.8%)

  • Revenue guidance raised slightly; operating income beat (+12%)

  • Free Cash Flow margin: ~27%

  • Billings: $818M (+12.9% YoY)

• Reaction: Shares rose ~6% today as results impressed

• Fundamentals:

  • P/S: ~5–6×

  • Operating margin healthy for SaaS

• Technicals:

  • Support: ~$40 with volume

  • Resistance: ~$45 recent swing top

• Outlook:

  • Short-term: Bullish — momentum and raised guidance

  • Mid-term: Positive if AI/digital expansion continues

  • Long-term: Neutral—competitors and long-term growth mix remain key

4. Jobs Report – Weak Hiring Flips Rate Cut Odds

• Quick Recap:

  • Only 22,000 new jobs added in August (vs. est. ~80,000)

  • Unemployment rose to 4.3%, highest in nearly 4 years

  • Economists raise recession alarms as wage growth stalls and revisions show June workers lost 13k jobs     

• Market Reaction:

  • Stocks hit new highs on fading rate-cut fears + tech bridge, led by Broadcom/AI victory

  • Rates likely to see easing calls: 25bp cut expectations soared for September

Summary List: From Most Buzz to Watch to More Tactical Plays

1. Broadcom (AVGO) — AI boom keeps beating; growth steam train!

2. DocuSign (DOCU) — Efficiency and guidance lift; digital first wins.

3. Lululemon (LULU) — Needs product revamp. Tariffs bite.

4. Jobs & Fed — Real economic pressure pains, but market hypes rate cuts.