Broadcom: One of the Most In-Demand Stocks in 2023

Broadcom Shares Surge Attracting Big Money Inflows

Want an edge in investing? Follow the Big Money.

Volumes precede price. And when it comes to top-ranking stocks, institutional investors can send stocks soaring.

Fund managers are always on the lookout for the next outlier stocks…the best in class. They spend countless hours sizing up industries, reading reports, speaking to analysts…and more. When they find a company firing on all cylinders, they pounce in a big way.

The 1-year action tells the story. Each green bar signals unusual increasing volumes in AVGO shares, pushing the stock higher. The evidence points to healthy institutional demand:

Few stocks have charts this strong. Recent green bars suggest healthy demand. Now, let’s check the fundamental story.

Broadcom Fundamental Analysis

Institutional support coupled with a healthy fundamental backdrop makes this company interesting. As you can see, AVGO has had positive sales & earnings growth in recent years:

• 3-year sales growth rate (+14.6%)
• 3-year EPS growth rate (+78.5%)

Source: FactSet

Now it makes sense why the stock has been powering higher. Broadcom is an earnings powerhouse.

Marrying great fundamentals with our proprietary Big Money software has found some big winning stocks over the long-term.

Check this out. Broadcom has been a top-rated stock at MAPsignals. That means the stock has had unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report many times. The blue bars below shows when AVGO was a top pick:

Tracking unusual volumes reveals the power of the MAPsignals process.

Don’t fight the Big Money!

Broadcom Price Prediction

The AVGO rally has been in place all year. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in AVGO at the time of publication.

If you want to take your investing to the next level, learn more about the MAPsignals process here.