Broadcom Inc. (AVGO) is due to report second-quarter results on Thursday after the close of trading. In our last review of AVGO on Dec. 8 we wrote, "Raise stop protection to $370 and look to book some profits on approach to $420. Our new Point and Figure target of $490 cannot be ruled out, but with price momentum slowing I don't want to be too bullish on AVGO."
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I wrote about LPL Financial Holdings in March 2020, then October and now I am again. Why? It's got premier growth, yet is a reasonable value.
Stay patient, and we will see how things develop when the news hits this afternoon.
Growth and speculative names were hit but big caps held up relatively well. Now everyone's waiting on Wednesday's meeting.
Some are saying that this is the most important Fed meeting in ages.