Why AVGO today? The stock’s price action hasn’t exactly put in a star performance in the past 3 months.
Here is our current fleet signal map for the multi-model signals. For the deep dives, I tend to cover the 4/4 model agreement names, as they are the most likely candidates to make it into the portfolio in the future.
We will come around to covering most of these high-consensus names (e.g. MRVL, ETN) in the near future. Right now, I like AVGO’s fundamentals and believe it could be a nice opportunity today.
I have no idea whether the systematic portfolio will pick it next week. My suspicion is that, given the recent stock momentum, it's unlikely, but it’s worth looking at it as a standalone investment idea.
DISCLAIMER: This newsletter is strictly educational. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice.
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