Broadcom is slated to post its latest quarterly results after the closing bell Wednesday, with traders expecting a big move from the chipmaker's stock.
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BakerAvenue's chief strategist King Lip views Broadcom Inc (AVGO) as a “top pick” heading into the chipmaker's Q3 earnings scheduled to be released on September 2nd after market close. Consensus is for AVGO to record $29.43 billion in revenue on $3.24 a share of earnings (EPS) – representing an 84.5% and 91.7% year-on-year growth on the top- and bottom-line.
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