Broadcom (NASDAQ: AVGO) BUY Thesis – Increased Global Demand for Semiconductors
This year alone, semiconductors are expected to see an 11.5% increase in growth year-over-year. For the past several years, growth in the industry has been relatively flat. According to the most recent WSTS report, growth for 2018 is expected to be 2.7% for the industry. Broadcom has substantially exceeded industry averages and is well positioned to thrive as a leading semiconductor company for future years. Their dual-headquartered structure (The United States and Singapore) will help them leverage future business in Asia Pacific and the Americas, the highest projected semiconductor growth regions.
Catalyst – Wireless Segment Growth
In their Q3 earnings call, Broadcom stated that their wireless segment would see a 30-40% increase in Q4 from a North American smartphone maker. Although they cannot say the specific company name, reports confirm that they are working with Apple. Broadcom will see their chip count rise from 5 to 8 in the new iPhone. The increase in dollar content per smartphone will cause a sharp uptrend in revenue. Also, it was reported that Broadcom and Apple had partnered together to form a chip that would allow for new wireless charging. On September 12, 2017, this technology was confirmed at an Apple event showcasing the new iPhone X. This has the potential to eliminate standard charging devices in the future. This next-generation charging chip, along with other Broadcom chips like touch-control technology, should heavily contribute to strong revenue growth for Broadcom.
Top Heal Care Stocks For 2018: KLX Inc.(KLXI)
- [By Monica Gerson]
KLX Inc (NASDAQ: KLXI) is projected to report its quarterly earnings at $0.30 per share on revenue of $383.62 million.
Baozun Inc (ADR) (NASDAQ: BZUN) is expected to report its quarterly earnings at $0.19 per share on revenue of $610.98 million.
Top Heal Care Stocks For 2018: TSR Inc.(TSRI)
- [By Lisa Levin]
TSR Inc (NASDAQ: TSRI) shares shot up 35 percent to $5.15 following Q4 results. TSR reported Q4 earnings of $0.09 per share on revenue of $15.5 million.
Top Heal Care Stocks For 2018: Virtusa Corporation(VRTU)
- [By Lisa Levin]
Technology shares gained around 0.85 percent in trading on Friday. Meanwhile, top gainers in the sector included Virtusa Corporation (NASDAQ: VRTU), and Ceragon Networks Ltd (NASDAQ: CRNT).