Broadcom stocks fell before quarterly earnings

If you are looking for stocks that are set up on a pre-earnings basis, here is a bill to match: Broadcom (AVGO). It is expected to report June 2 and is trading about 16% under a 645.41 buy point. The pattern is a third-tier cup with a handle, which involves more risk than the first or second-tier formation. On Thursday, semiconductor stock fell below its 200-day moving average.




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Keep in mind that buying just before the stock report is risky, as depressing numbers can send it very low. You can reduce your exposure by waiting to see the actual numbers and market response. You can also use an alternative strategy to limit your potential negative aspects.


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Will Broadcom continue to grow?

Earnings rose 27% in the last quarter, up from 23% in the previous report Revenue has also increased, from 15% to 16%.

Consensus analysts estimate a 31% increase in revenue for the quarter and a 27% increase for the full year. The annual EPS estimate has recently been revised higher.

Broadcom stock has a 92 composite rating and is ranked No. 1 among its peers in the electronics-semiconductor fables industry group. Monolithic power system (MPWR) and Small instruments of the future (AMD) is one of the highest rated stocks in the group

Note: The date of earnings report is subject to change. See the company’s website for any updates.

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