A worker adjusts hiring signage at a job and resource fair in Hendersonville, North Carolina, U.S., on Tuesday, Nov. 19, 2024.
Allison Joyce | Bloomberg | Getty Images
My top 10 things to watch Friday, March 7
1. The U.S. added 151,000 jobs in February, below the 170,000 consensus. Unemployment rate ticked up to 4.1%. Stock futures were basically flat in response. It’s been a rough week for Wall Street.
2. Everything is fluid. That’s the key word for this tariff-filled moment in the markets. The problem: Fluidity depresses the price-to-earnings multiple that investors are willing to pay for stocks.
3. Club name Broadcom reported a perfect quarter. Beats on earnings, sales and AI revenues. No wonder shares are up 10% this morning. Could the stock reasonably get to $300 a share? This was a much-needed win for the AI trade, but I don’t think Broadcom is the tech savior.
