Broadcom's (AVGO) EPS is estimated at $10.13 and revenue is estimated at $8.71B. Alex Coffey and Renita Young discuss AVGO ahead of earnings. They talk about how AVGO hit new all-time high Tuesday and is up 42% year-to-date. They talk about how AVGO's partnership with Apple (AAPL) being extended could be giving a little more certainty to investors. Alex then demonstrates an example trade using AVGO. The trade type is a skewed call butterfly and the direction is neutral to bearish. Tune in to find out more about the stock market today.
01 Jun 2023