Stocks to Watch: Broadcom, Alibaba, Chevron, Levi Strauss
Dow Jones07-08 22:01
Broadcom $(AVGO)$: The stock gained after Apple announced plans to spend upward of $30 billion on U.S.-made chips from Broadcom.
Alibaba (BABA, HK:9988): Both the tech giant's Hong Kong-listed shares and its American ADRs rallied as investors shift their focus into less-crowded AI trades.
Levi Strauss $(LEVI)$, Costco Wholesale $(COST)$: The jeans maker is due to post second-quarter earnings this afternoon; Costco will report June sales.
Chevron $(CVX)$, Exxon Mobil (XOM): The oil giants' shares gained ground after oil prices jumped amid escalating tensions in the Middle East.
Rivian Automotive (RIVN): Shares in the EV maker extended their losses after an 18% dive yesterday that was sparked by plans to sell more shares.
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