Weekend Update - 3|9|25

We saw another week for blood bath in the stock market last week. Major indexes dropped midweek due to tariff fears—Dow fell 2.9%, S&P 500 3.6%, and Nasdaq 4.1%—with Nasdaq entering correction territory. It was down more than 10% from its all-tie high. However, Friday saw a rebound (Dow +1.4%, S&P 500 +1.6%, Nasdaq +1.6%) after Fed comments and tariff exemptions, but the week still ended lower. 

On 3/6, Broadcom (AVGO) released its earnings update for Q1FY25. 
  • Earnings Per Share (EPS): $1.60 vs. $1.49, up 45.8% YOY.
  • Revenue: $14.92 billion vs.$14.61 billion, up 25% YOY, AI Revenue was up 77%.
  • Guidance: For Q2 company guided $14.9 billion vs. $14.76 billion.
My view: Broadcom is firing on all cylinders. This stock was beaten down for no fundamental reason, rather it's down due to horrible market sentiment. I like this stock for long term.

This week is going to be EXTREMELY CRITICAL because there are some KEY economic reports expected this week. 

  • Tuesday, March 11:  Job Openings (January) - Measures labor demand; expected to show if hiring slowed further amid economic uncertainty.
  • Wednesday, March 12: CPI Inflation (February) - Tracks consumer price changes; consensus predicts a drop to 0.3% month-over-month. This is very critical report.  
  • Thursday, March 13: PPI Inflation (February) - Monitors wholesale price shifts; could signal rising production costs tied to trade policies.This is very critical report.  
  • Friday, March 14: University of Michigan Consumer Sentiment (March, preliminary) - Reflects consumer confidence; tariff and inflation concerns that may weigh on the market.
The above reports could influence markets, especially with ongoing tariff debates and Fed policy speculation. Exact expectations may shift—check real-time sources as the week unfolds!

The On THU, 3/6, the Nasdaq-100 closed below its 200-day moving average for the first time in over a year, signaling a potential major market trend reversal or further down. If this week economic reports will be good then we may see a major reversal and market should go further up.  If not, there may be potential fear of recession though I personally think it may not coming soon. As of Friday, the 200 day DMA is around 18,385. More on this in my next blog..Stay tuned!

STOCKS to Watch: All Tech Stocks, particularly Mag. 7, AVGO, Financial stocks.




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