AVGO reports record Q3 earnings, with $16 billion in revenue (22% YoY increase) and $10.5 billion in operating income (32% jump). Q4 revenue guidance is $17.4 billion (24% increase), driving shares up 45% this year. Institutional support and strong fundamentals make AVGO a top pick for investors.
MoneyFlows data shows Big Money investors betting heavily on AVGO, with strong institutional volumes supporting the stock’s growth. With strong sales and earnings growth, EPS is expected to increase by +35.5% this year. AVGO’s track record of financial performance attracts investor interest.
Broadcom’s exceptional performance has made it a top-rated stock at MoneyFlows for years, with a 15,109% increase since its first appearance on the Outlier 20 report in 2011. Unusual volumes and Big Money demand signal the stock’s potential for further growth.
Tracking unusual volumes reveals the power of money flows, a key trait of outlier stocks like AVGO. Big Money buying signals strength in the stock, making it a potential addition to a diversified portfolio. Disclosure: the author holds no position in AVGO at the time of publication.
Read more at Yahoo Finance: Find Outliers Like Broadcom Before They Soar
