Broadcom (AVGO) reports earnings Wednesday March 1st after the close.
Its last earnings miss was February 2011.
It has beaten earnings every quarter the past 6 years.
Its winning streak is 23 quarters.
We expect this streak to continue.
On February 23rd, Brocade (BRCD) missed earnings by 10 cents.
This pressured Broadcom’s shares a little bit.
That’s because in November 2016, Broadcom agree to buy Brocade for $5.9 billion.
Broadcom’s management team is shareholder friendly.
They’re focused on the quarterly numbers as well as having a long-term view.
Its M&A activity over the years give it synergy and cost-savings.
We recommend buying the January 2018 $230 calls.
As more news comes out on the new Apple (AAPL) iPhone before its September launch, we expect Broadcom’s stock price to continue climbing higher.
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