tl;dr
In his recent newsletter, Fred Hickey, analyst and editor of The High-Tech Strategist, has added puts on Broadcom Inc. (AVGO), citing reports of significant product order collapses and reduced full-year guidance from leading network equipment supplier Cosco Systems, a major Broadcom customer. Additi...
In his recent newsletter, Fred Hickey, analyst and editor of The High-Tech Strategist, has added puts on Broadcom Inc. (AVGO), citing reports of significant product order collapses and reduced full-year guidance from leading network equipment supplier Cosco Systems, a major Broadcom customer. Additional declines in Q3 orders reported by Ericsson (ERIC) and Nokia (NOK) further signal potential challenges for Broadcom. Despite an 82.39% increase in stock value from last year and a 71% year-to-date rise, Broadcom's upcoming third quarter results on December 7 will shed light on its business outlook. In the wake of Broadcom's acquisition of cloud computer company VMware (VMW), Hickey's put, which is now less than 1% of his portfolio, also extends to Tesla (TSLA) and ARK Innovation ETF (ARKK).
More about Broadcom Inc
Key Financial Metrics:
- Market Cap: $493.57 billion
- PE Ratio: 29.12
- EPS: 18.4
- Forward PE: 32.5
- Dividend Yield: 0.393
- Revenue: $35.45 billion
- Net Income: $996.74 million
- Operating Margin: 1.881
- Profit Margin: 0.164
Stock Performance:
- Broadcom Inc. is a leading semiconductor and infrastructure software company with a strong market presence.
- The stock has shown steady growth in revenue and market cap over the years.
- The PE ratio and EPS indicate a stable financial performance.
- However, the forward PE and dividend yield suggest caution regarding future growth and shareholder returns.
Market Sentiment:
- The market sentiment towards Broadcom Inc. is generally positive due to its strong product offerings and market presence.
- Investors should be mindful of potential risks associated with the company's future growth and dividend yield.
- Technical indicators like moving averages, RSI, and Bollinger Bands may provide further insights into the stock's potential bullish or bearish trends.
More about Telefonaktiebolaget LM Ericsson B ADR
Telefonaktiebolaget LM Ericsson B ADR, a provider of communications infrastructure, services, and software solutions for telecommunications and other sectors, has a market cap of $83.32 billion. The stock is currently trading at $2.7 with a negative change of -0.68%. The company's total revenue is $27.74 billion, with a net income margin of 5.1% and a return on equity of -0.489%. The manufacturing sector, specifically in radio & TV broadcasting & communications equipment, is where the company operates. The market sentiment towards Telefonaktiebolaget LM Ericsson B ADR is currently neutral, with potential risks or uncertainties related to its financial performance and market dynamics.
More about Nokia Corp ADR
Nokia Corporation, a global provider of fixed and mobile network solutions, has a market capitalization of approximately $24 billion. The stock is currently trading at $4.733 with a 0.12% increase. The Relative Strength Index (RSI) stands at 5.1, indicating oversold conditions. The company's performance has shown a bearish trend, with a negative momentum of -0.722. However, it's important to note that past market behavior is not always indicative of future performance, and there are potential risks and uncertainties associated with this analysis.
More about VMware Inc
VMware Inc. is a technology company that provides software in the areas of hybrid and multicloud, modern applications, networking, security, and digital workspaces. The company's market capitalization is $61.52 billion, with a stock price of $168.33. The stock has a 52-week range of $136.11 to $168.33, with a price-to-earnings ratio of 42.92 and a dividend yield of 0.105%. The company has shown a positive performance with a 3.32% increase in stock price over the past year. Market sentiment towards VMware Inc. appears bullish, with a strong focus on modern applications and digital workspaces, although potential risks and uncertainties should be considered given the volatile nature of the technology sector.
More about Tesla Inc
Tesla Inc is an American electric vehicle and clean energy company based in Palo Alto, California. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market and 23% of the battery-electric market. The company also develops and is a major installer of solar photovoltaic energy generation systems and is one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020. The stock performance has been positive with a current price of $79.33 and a 3.11% increase. Market sentiment is slightly bearish with a Relative Strength Index (RSI) of 30.28, indicating potential oversold conditions. However, past market behavior may not be a reliable indicator of future performance, and potential risks or uncertainties should be considered.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.