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Broadcom- AVGO is a Buy

Broadcom has been a stellar performer over the last 7 years and it is expected that the company will continue to grow at a healthy clip over the next 5 years as it moves to more software rather than a pure chip company. The company’s stock price is currently trading in a range of $528 – $575 per share,

Management has executed deftly during the pandemic and continues to make very good decisions that continue to add value to the company. The recent acquisition of VM Ware, a cloud virtualization company strengthens the company’s ecosystem of products and services and looks to deliver and add to free cash flow in the future. We believe that this stock can be purchased as a stand-alone investment or in a portfolio of balanced technology stocks.

According to our calculations, a $1000 investment made in February 2012 would be worth $16,653.93, or a 1,565.39% gain, as of February 17, 2022. Investors should keep in mind that this return excludes dividends but includes price appreciation. Source: Zacks’s Equity Research

If you believe that technology companies like Amazon, Microsft, and Google are great places to invest over the long term, check our web daily for our technology picks, and technology portfolios, and help in choosing the right technology companies to invest in. We offer a great way to invest for investors that may not have the experience of deciding where and how to invest. We offer a great AI platform for new investors and customized services for more experienced investors that are willing to take more risks. Call or email us at 1-866-801-3359 with your inquiries or questions.

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Rickster’s Market Review

By Rick Walter Markets opened strongly this morning with the DOW at 24,932 up 176.30 points, the S&P 500 Index at 2751 up 1.83 points and the NASDAQ composite down 3.73 points at 7,492.92 around mid-day today. By the end of the day all three indices faded with the DOW ending the day slightly higher. Toy “R” Us will […]
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