Analyst Explains Why He ‘Loves Owning' Broadcom Inc (NASDAQ:AVGO) [Yahoo! Finance]
Broadcom Inc. (AVGO)
Last broadcom inc. earnings: 3/12 04:15 pm
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Source: Yahoo! Finance
Following the aggressive rate cut by the Federal Reserve, the market roared to new highs but quickly lost enthusiasm as investors look for clues on what might be ailing the economy that pushed the Fed to go more dovish than expected. However, others think the bull market is going to continue. BMO Capital's Brian Belsk has raised the S&P 500 target for 2024 to 6,100 from 5,600. Talking to CNBC in a latest program, Belsk said the “resiliency” of this bull market is “undoubted.” The analyst said that the stock market is going higher through the end of this year. “We do believe that the Fed is doing a great job. We believe the Fed that we are not hitting into a recession. We believe the Fed that we are heading into more of a soft landing,” the analyst said. Belsk thinks we are in the “1995-1996 environment” where we can “handle” the 24x earnings multiple. The analyst added that the Mag. 7 stocks underperformed the market in the third quarter and yet the broader market grew, whi
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AVGO
Earnings
- 9/5/24 - Beat
AVGO
Sec Filings
- 9/27/24 - Form 4
- 9/27/24 - Form 4
- 9/27/24 - Form FWP
- AVGO's page on the SEC website