Tech Stock to Buy in the Fourth Quarter

Core Viewpoint - The article highlights Broadcom Inc (NASDAQ: AVGO) as one of the best-performing stocks in the S&P 500 Index during the fourth quarter, with a historical average gain of 17.5% over the past decade [1][2]. Company Performance - Broadcom has consistently finished the fourth quarter higher every year for the past 10 years, achieving an average return of 17.54% and a median return of 15.87%, with a 100% positive performance rate [2]. - The stock has seen a significant increase of 50% in 2024 and is approaching a resistance level near $180, which has not been surpassed since mid-June's record highs [2]. Options Market - Broadcom's options are currently affordably priced, indicated by a Schaeffer's Volatility Index (SVI) rating of 39%, which places it in the low 23rd percentile of its annual range [4].