Broadcom (AVGO) Relies on AI for Growth as Company Goes through Soft Landing
Broadcom’s (AVGO) would have had flattish year-over-year revenue growth last quarter if it were not for sales for generative AI.
Broadcom’s (AVGO) would have had flattish year-over-year revenue growth last quarter if it were not for sales for generative AI.
Lululemon (LULU) is one retailer that’s still growing strong in this weak economy. Profits grew 22% last qtr on 18% sales growth.
Software stocks with rapid revenue growth are looking like the places to be heading into the 4th quarter of 2023. Here’s five I like:
Sherwin Williams (SHW) delivered profits well above expectations last qtr as Paint Stores had strong sales and raw material costs fell.
Palantir (PLTR) stock has been going sideways lately as revenue growth has slowed to 13% last qtr from 18% two quarters ago.
Salesforce (CRM) enjoyed its second consecutive qtr in which its operating margin grew more than 10 percentage points.
Five Below’s (FIVE) stock has been dropping like many other retailers. But now the stock is at a good place to buy in.
GitLab (GTLB) allows their customers/organizations to build and optimize software, while intensifying security along the way.
Crowdstrike (CRWD) delivered a strong qtr with record performance for Cloud Security, LogScale, and non-GAAP operating margin.
Dollar general (DG) is having trouble with slow sales, high theft, high prices, and not enough labor. This stock is down-and-out.
Cloudflare’s (NET) development platform, Cloudfare Workers, is seeing massive growth with 10 million active workers applications.
TJX (TJX) reported solid results last quarter as higher traffic lead to very strong sales of clothing & accessories at TJ Maxx & Marshalls.