Warming Up to Broadcom
The strong quarter Cisco CSCO reported last night is giving Broadcom BRCM a lift today. Cisco's better-than-expected results for the first quarter -- which earned it an upgrade from Pacific Crest this morning -- sparked a huge gap higher open. The stock is attracting very heavy trade and is now stabilizing with a 5% gain. The positive news is pulling BRCM 2% higher, putting shares in a low-risk buying position.
...260 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.