$AVGO and $LULU Earnings Coming

What to know and how to trade it

We have another set of earnings coming out tonight that we will want to keep an eye on - Broadcom ($AVGO) and Lululemon ($LULU).

Broadcom ($AVGO) Earnings

Broadcom manufactures and supplies semiconductors as well as provides infrastructure software products for businesses.

The majority of their revenue comes from semiconductor manufacturing. They also just recently closed an acquisition of cloud computing company VMWare at the end of November.

Like many other semiconductor manufacturers, Broadcom has had a strong year, partially due to the growth in AI technology and the demand for semiconductors that this technological breakthrough has generated.

Here are the key figures to watch for when earnings are released:

• Earnings per Share: $10.95 consensus (would represent 4.8% growth year-over-year).

• Revenues: $9.28B consensus (would represent 3.9% growth year-over-year).

The stock is currently hovering around all-time highs but is potentially failing its break out.

Lululemon ($LULU) Earnings

Lululemon is an athletic apparel retailer. The company sells various athleisure items for both men and women including yoga pants, joggers, fleeces, and other athletic wear.

The stock was added to the S&P 500 in October but was recently downgraded from overweight to neutral by Wells Fargo. Regardless, the stock has been pushing higher and is currently within about 6% of all-time highs.

Here are the key figures to watch for when earnings are released:

• Earnings per Share: $2.27 consensus (would represent 13.5% growth year-over-year).

• Revenues: $2.19B consensus (would represent 17.8% growth year-over-year).

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