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The 7 Best Dividend Growth Stocks to Buy in August 2024
Investor Place· 2024-08-06 10:00
Want to generate steady cash flow from your stock portfolio while having the potential to outperform the stock market? Some dividend growth stocks fulfill both of those requirements.A rising dividend is a great indicator that a company is growing. Companies can only distribute dividends if they are profitable, and dividends only go up if net income rises at a faster rate than the dividend growth rate. Net income can only continue to grow in the long run if a corporation continues to generate higher revenue. ...
Broadcom Inc. to Announce Third Quarter Fiscal Year 2024 Financial Results on Thursday, September 5, 2024
Prnewswire· 2024-08-05 12:00
PALO ALTO, Calif., Aug. 5, 2024 /PRNewswire/ -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its third quarter fiscal year 2024 financial results and business outlook on Thursday, September 5, 2024 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook.Date: Thursda ...
3 Growth Stocks to Sell Before You Regret It
Investor Place· 2024-08-04 10:22
Market volatility has picked up significantly, with tech stocks (again) leading the entire market lower on Thursday, a day after recovering markedly from Wednesday’s losses. Indeed, it can be a rather stomach-churning experience to be invested in stock markets these days. With stocks kicking off August with a steep plunge, many beginner investors may be scrambling to offload some free-falling tech names before the damage has a chance to worsen. Though I’m no advocate for selling based on fear and negative m ...
Better Stock-Split Buy: Broadcom vs. Chipotle
The Motley Fool· 2024-08-03 21:01
Which stock is a better bargain today?Stock splits have been a popular market theme in recent times, with giants across industries launching these operations. Why do investors love stock splits? Because they lower the per-share price of a stock, making it easier for a broader range of investors to get in on that particular player.In a split, a company issues additional shares to current holders, a move that lowers the price without changing anything fundamental. The company's market value and the value of y ...
Broadcom Stock Outlook: Why AI Boom and VMWare Deal Spell Big Gains Ahead
Investor Place· 2024-08-03 10:48
Broadcom’s (NASDAQ:AVGO) stock is an optimistic buy in line with high AI and networking capabilities. In fiscal Q2 2024, Broadcom had net revenue of $12.5 billion, a 43% year-over-year (YOY) increase. Excluding VMware, Broadcom’s revenue grew by 12%, primarily due to a 280% surge in AI revenue.Next year, Broadcom’s AI and networking revenue may grow 40% year-on-year, with seven of the largest eight AI clusters using Broadcom Ethernet solutions. The company anticipates all mega-scale GPU deployments will be ...
Can Broadcom (AVGO) Regain Momentum After 6% Dip Post-Stock Split?
ZACKS· 2024-08-01 18:20
Broadcom (AVGO) shares have declined 6.3% since its 10-for-1 split on Jul 15. The dip can be attributed to the cooling of the AI-fueled rally on semiconductor stocks. Investors became apprehensive about the prospects of its AI chips.Over the same timeframe, shares of AVGO peers NVIDIA (NVDA) and Advanced Micro Devices (AMD) have dropped 8.9% and 19.7%, respectively, again attributable to growing investor concern over AI-related spending.However, AMD’s latest second-quarter 2024 results reflected continued s ...
The Top 3 AI Stocks to Buy Now: Summer 2024
Investor Place· 2024-07-31 20:30
In July, most AI stocks entered a correction as the rotation into sectors such as homebuilders and banks gained momentum. Still, any pullbacks in these stocks present a buying opportunity. We are in the early innings of a new technological era that could continue for decades.Nvidia’s (NASDAQ:NVDA) CEO Jensen Huang calls this ongoing shift to accelerating computing the next industrial revolution. Bloomberg Intelligence research shows that generative AI will grow at a 42% compounded annual growth rate over th ...
Why Broadcom Stock Is Surging Today
The Motley Fool· 2024-07-31 17:17
That AI stock is climbing thanks to good news on multiple fronts.Broadcom (AVGO 10.29%) stock is making big gains in Wednesday's trading. The company's share price was up 10.2% as of 11:45 a.m. ET, according to data from S&P Global Market Intelligence.Broadcom stock is getting a valuation boost thanks to recent earnings reports from Microsoft and Advanced Micro Devices that bode well for artificial intelligence (AI) demand. The semiconductor hardware and software specialist's valuation is also climbing due ...
Forget Nvidia: Billionaire Ken Griffin Raised His Position in This Rival AI Stock by More Than 500%
The Motley Fool· 2024-07-31 09:40
Griffin increased his position in a company that's reported a triple-digit increase in AI revenue.Nvidia (NVDA -7.04%) shares have soared, resulting in a major boost for investors that got in on the shares early. And many billionaire investors have benefited -- including Ken Griffin, chief executive of Citadel. Griffin initially bought Nvidia back in 2013, and as recently as late last year his fund held more than three million shares of the artificial intelligence (AI) chip giant.But Griffin wasn't a buyer ...
This Is the Best Stock-Split AI Stock to Buy Right Now
The Motley Fool· 2024-07-31 08:45
This stock is a bargain despite recent gains.The rise of artificial intelligence (AI) has led to massive stock gains for some companies. In a few cases, the increase was so significant that it prompted a company to initiate a stock split.Admittedly, the stock split may have happened for a variety of reasons, including an attempt to avoid the appearance of overvaluation. Nonetheless, when accounting for factors such as the business, growth rates, and valuation, one stock-split stock stands out as an excellen ...