Broadcom saw its IBD SmartSelect Composite Rating rise to 96 Thursday, up from 94 the day before.
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market's biggest winners often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.
Broadcom is trading about 4% above a 185.05 entry from a double bottom. Keep in mind that it's a later-stage base, which makes it a riskier entry point.
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The stock earns a 98 EPS Rating, which means its recent quarterly and annual earnings growth tops 98% of all stocks.
Its Accumulation/Distribution Rating of C- shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company posted 45% earnings growth for Q1. That marks three straight quarters of rising EPS growth. Sales growth came in at 25%, down from 51% in the prior quarter.
Broadcom earns the No. 2 rank among its peers in the Electronics-Semiconductor Fabless industry group. Rambus is the top-ranked stock within the group.
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