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Chipmaker Broadcom Stock Joins Elite List Of Stocks With 95-Plus Composite Rating

On Tuesday, Broadcom (AVGO) got an upgrade for its IBD SmartSelect Composite Rating from 93 to 96.




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The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.

Broadcom is currently forming a wide and shallow consolidation, with a 495.24 entry. See if the stock can break out in volume at least 40% above average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 


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The chipmaker earns an 89 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 89% of all stocks.

Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.

The company posted a 29% earnings gain for Q2. It has now posted accelerating EPS growth for six consecutive quarters. Sales growth rose 15%, up from 14% in the prior report. The company has now posted accelerating growth in each of the last five reports.

Broadcom earns the No. 4 rank among its peers in the Electronics-Semiconductor Fabless industry group. Himax Technologies (HIMX) is the top-ranked stock within the group. For more industry news, check out “Chip Stocks And Semiconductor Industry News.”

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