|Bid||295.96 x 800|
|Ask||296.09 x 900|
|Day's Range||283.58 - 294.65|
|52 Week Range||197.46 - 299.55|
|Beta (3Y Monthly)||0.45|
|PE Ratio (TTM)||19.50|
|Earnings Date||Jun 5, 2019 - Jun 10, 2019|
|Forward Dividend & Yield||10.60 (3.65%)|
|1y Target Est||306.67|
Broadcom's Q1 2019 Earnings Revive Investors' Confidence(Continued from Prior Part)Broadcom’s revenue Broadcom’s (AVGO) latest earnings made headlines as investors jumped on the positive sign. Prior to its earnings release, analysts were bearish
Broadcom's Q1 2019 Earnings Revive Investors' Confidence(Continued from Prior Part)Broadcom’s earnings revive investors’ confidence Previously, we learned that Broadcom (AVGO) stock made a new high on its earnings beat and strong guidance largely
Broadcom's Q1 2019 Earnings Revive Investors' ConfidenceBroadcom stock jumps over 10% On March 15, Broadcom (AVGO) stock rose as high as 11.7% and made a new all-time high of $299.55 as investors reacted to its fiscal 2019 first-quarter earnings
Broadcom's earnings and second half outlook reignited demand for chip stocks Friday. Explore three trading ideas to ride the momentum.
How Network Systems Vendors Are Working to Drive Growth(Continued from Prior Part)New directors bring valuable perspective NetScout Systems (NTCT) recently reconfigured its board of directors. The company appointed Vivian Vitale and Michael Szabados
As the stock market powers higher, Intel stock and Broadcom stock lead chip stocks breaking out or nearing buys. Two chip ETFs also look compelling.
Broadcom’s consolation prize has turned out to be better than its original wager. The chip maker’s share price closed up 8% Friday following its fiscal first-quarter results and outlook, sending the stock to a high that also takes the company’s market value just above the level it enjoyed in the early days of what turned out to be an ill-fated effort to buy Qualcomm. While Broadcom’s semiconductor revenue fell 12% year-over-year in the quarter ended Feb. 3, software revenue actually came in 17% ahead of Wall Street’s estimates thanks to CA’s contribution.
Investors want to know, is it too late to buy into Broadcom or is there still room left to ride it higher? Shares of Broadcom are in a totally different trend than the last time we looked at it. In early December, with Broadcom below $240, we were looking for a breakout after a monster earnings report.
"Halt and Catch Fire," despite being from a great AMC series on the rise about the personal computing age, is an idiom in the programming world. Abbreviated as "HCF," it refers to machine code that causes a computer's processor to freeze and maybe even overheat. I've never seen such a thing in person, but I have seen semiconductor stocks get red hot in recent weeks as traders price in a rebound for the sector.The rise of the chipmakers is driven by low inventory levels, a coming iPhone refresh cycle and hopes of a turnaround in global manufacturing. Remember that pretty much every durable good these days has digital smarts, whether it's a refrigerator or a washing machine. Computers are literally everywhere.The VanEck Semiconductor Vector (NYSEARCA:SMH) is breaking out again, after enjoying a 30% surge off of its late-December low and then consolidating that move with a test of its 200-day moving average last week. The exchange-traded fund (ETF) has returned to levels to seen since early September -- and further upside extension seems likely.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Single-Digit P/E Stocks With Massive Upside Here are five stocks in the area to watch: Intel (INTC) Click to EnlargeIntel (NASDAQ:INTC) shares are pushing above the highs set earlier in the month, extending a 20% move off of the lows seen in late January. A run at the prior high, set last spring, would be worth another 3%+ move from here.Digitimes recently reported that shortages of Intel CPU chips could get worse in the second quarter, likely pressuring prices higher.Intel will next report results on April 25 after the close. Analysts are looking for earnings of 87 cents per share on revenues of $16 billion.When INTC last reported on Jan. 24, earnings of $1.28 beat estimates by six cents on a 9.4% rise in revenues. Broadcom (AVGO) Click to Enlarge Broadcom (NASDAQ:AVGO) helped ignite broad buying interest after management called for a bottom in the semiconductor business in the second half of the year, news that trumped the reporting of a quarterly revenue miss.That sent shares soaring in trading on Friday, up more than 8% to test the $300-a-share level for the first time. * 7 Small-Cap Stocks That Make the Grade The company will next report results on June 13 after the close. The company last reported on March 14, with earnings of $5.55 per share beating by 32 cents on an 8.6% rise in revenues. Texas Instruments (TXN) Click to EnlargeShares of Texas Instruments (NASDAQ:TXN) are breaking out of their two-month consolidation range, returning to levels not seen since early September after spending weeks consolidating the 25%+ rally off of the December lows.The move puts shares back into the middle of a two-year resistance range that's kept shares below the $115 threshold.The company will next report results on April 23 after the close. Analysts are looking for earnings of $1.16 per share on revenues of $3.5 billion.When the company last reported on Jan. 23, earnings of $1.27 per share beat estimates by three cents on a 0.9% drop in revenues. Nvidia (NVDA) Click to EnlargeOnetime momentum favorite Nvidia (NASDAQ:NVDA) is in recovery mode now after spending the last five months consolidating after a nasty 55% drop from its early October high. Watch for, at the very least, a rally to the 200-day moving average which would be worth a gain of 24% from here.Nvidia stock was recently initiated with a hold rating by analysts at Craig Hallum. The company announced on March 11 that it made to deal to acquire Mellanox Technologies (NASDAQ:MLNX) in a $6.9 billion deal. * The 5 Best Stocks to Invest in Self-Driving Cars The company will next report results on May 15 after the close. Analysts are looking for earnings of 81 cents per share on revenues of $2.2 billion. When NVDA last reported on Feb. 14, earnings of 80 cents per share beat estimates by five cents on a 24.3% drop in revenues. Applied Materials (AMAT) Click to Enlarge Shares of Applied Materials (NASDAQ:AMAT) are pushing up and over their 200-day moving average, threatening the first significant breakout for the stock since early 2016.A return to the levels seen back in August would be worth a gain of 20% from here. In the company's most recently conference call, management noted that a need for new technologies to power AI and big data means a need for more performance per watt for processors -- something that will benefit the company's revenue growth.The company will next report results on May 16 after the close. Analysts are looking for earnings of 67 cents per share on revenues of $3.5 billion. When the company last reported on Feb. 14, earnings of 81 cents per share beat estimates by two cents on a 10.7% drop in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post 5 Chip Stocks to Watch Next Week appeared first on InvestorPlace.
The S&P 500 rose to a new high for the year Friday as resurgent technology stocks closed out their best week in four months with solid gains. Technology stocks had their best week since November. Apple ended the week with a 7.6 percent gain, its best week since August.
Stocks that moved substantially or traded heavily on Friday: Boeing Co., up $5.69 to $378.99 The airplane maker will install a software upgrade to its now grounded 737 Max aircraft, according to media ...
U.S. stocks rose on Friday, led by technology companies, as a report on progress in U.S.-China trade talks lifted sentiment, pushing the S&P 500 to its best week since November. China's state-run Xinhua news agency said Washington and Beijing were making substantive progress on trade talks, providing relief after news that a summit to seal a deal between the two sides would not happen at March-end. The Philadelphia SE chip index climbed 2.9 percent while the S&P 500 technology index rose 1.2 percent.
Stocks close up on Friday amid hopes the U.S. and China are making progress on a trade pact and word that Boeing is speeding up its 737 MAX fixes.
What’s behind Semiconductor Stocks’ Rise?Semiconductor stocks rise on growth prospects Most semiconductors stocks had risen more than 2% as of midday today, with several factors having raised investors’ optimism about the sector’s growth.
This week Apple led the S&P 500 and Nasdaq to current stock market rally highs. The Boeing 737 Max was grounded, while the Tesla Model Y was unveiled.
Semiconductor sector-related ETFs were among the best performers Friday on optimism over U.S.-China trade talks and Broadcom (NasdaqGS: AVGO) impressive fourth quarter earnings results. Among the best ...
Broadcom Inc (NASDAQ: AVGO ) shares are seeing a nice lift following the release of its fiscal first-quarter results. The Analysts UBS Securities analyst Timothy Arcuri maintained a Buy rating for Broadcom ...