Broadcom Corporation (NASDAQ:BRCM), the American fabless semiconductor company in the wireless and broadband communication business has been on the rise these days and investors are looking into this stock for long term investments. Discussing the stocks to watch in a program on Fox Business, Charles Payne, Gary Goldberg Financial Services President, Oliver Pursche, and Penn Financial Group founder, Matt McCall, discussed the Broadcom Corporation (NASDAQ:BRCM) stock and the possibilities of its future growth in the market. Experts agreed that Broadcom stock is a buy and investors must consider it as a hot stock to watch.
Broadcom Corporation (NASDAQ:BRCM) is regarded as the world leader in semiconductor devices, router, switches, boards and different kinds of materials and devices used for enterprise level networking and communication. This stock has a real potential to grow in the coming quarter and experts are rating it in the buy category.
Charles Payne said that Broadcom Corporation (NASDAQ:BRCM) has sold around 6 billion transistors and in future, 99% of internet traffic is expected to be passing through the chips made by Broadcom. The company has a great future in “Internet of Things” concept slot.
Oliver Pursche said that Broadcom Corporation (NASDAQ:BRCM) is the best company to look for in the stocks because of their execution, strategy and growth rate. He preferred Broadcom over QUALCOMM, Inc (NASDAQ:QCOM) stocks because according to him, Broadcom Corporation (NASDAQ:BRCM) has higher dividends and its performance rate is higher even in tough market conditions.
“I think it’s a great company and it is a strategic long term hold for growth portfolio, they are doing everything right,” said Pursche.
Experts said that Broadcom Corporation (NASDAQ:BRCM) chips will keep on selling no matter what the market condition is because of its extreme market penetration in the isolated domain sector.