Why we want to trim our Broadcom position, plus key investor events to monitor

Market Overview - The S&P 500 and Nasdaq are relatively unchanged as investors await the Federal Reserve's meeting next week, with expectations for a 25 basis point interest rate cut following a warm inflation report and weaker labor data [1][1][1] Company Updates - Boeing shares fell by 1.4% after a 3.3% drop previously, due to CEO Kelly Ortberg's comments on delays in 777X aircraft certification. The stock's pullback is viewed as a buying opportunity, as it does not affect the company's cash flow trajectory [1][1][1] - Broadcom's shares increased after Mizuho raised its price target from $355 to $410, driven by positive AI revenue forecasts and production ramp-up with existing and new clients like OpenAI. The company plans to trim its position due to the stock's significant movement since the last report [1][1][1] Upcoming Events - DuPont is set to hold an investor day to discuss its upcoming spinoff of the electronics business, with a buy-equivalent rating and a price target of $90 per share [1][1][1] - CrowdStrike will host its Falcon Con conference following a disappointing stock reaction despite a strong third quarter, with an upgraded rating and a price target of $520 [1][1][1]