Where Will Broadcom Stock Be In 1 Year?
Broadcom's (NASDAQ: AVGO) stock rose about 3.8% over the past 12 months. During that same period, the S&P 500 declined 9.3%, and the PHLX Semiconductor Sector index lost 13.2% of its value.
Broadcom outperformed the market and many of its industry peers for four reasons. It wasn't heavily exposed to the declining PC market, it generated stable revenues from its infrastructure-oriented businesses, its stock was cheap, and it paid a high dividend. Those strengths made it a good safe haven play as rising interest rates crushed the tech sector's pricier and more speculative stocks. But will Broadcom continue to outperform the market over the next 12 months?
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Source Fool.com
