#7 - Broadcom (NASDAQ:AVGO)
No list of stocks to buy with $1,000 would be complete without at least one technology stock. This sector, particularly companies with a link to AI, have been among the top performers. Broadcom Inc. (NASDAQ: AVGO) is part of the ongoing build-out phase that will be necessary for companies to deliver on their AI plans.
What makes AVGO stock particularly attractive right now is that it recently conducted a 10-for-1 stock split. That puts its shares at $181.96, as of this writing. And investors should be encouraged that the stock is up nearly 35% since the stock split.
Adding to Broadcom's attraction is the company’s dividend, which currently yields around 1.16%. That’s about average for technology stocks. AVGO stock is up 649.75% in the last five years and analysts have been bidding the stock well above the current consensus price target of $191.54%.
About Broadcom
Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.
Read More - Current Price
- $163.58
- Consensus Rating
- Buy
- Ratings Breakdown
- 24 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $195.96 (19.8% Upside)
When it comes to investing, the first step is often the hardest one to take. While we're talking about objections to owning stocks, let's address another one. It can be scary to invest money in stocks. However, time is one of the biggest advantages that investors have. Owning stocks is a proven way to build wealth over time. And with dividend-paying stocks, you can generate income that will outpace inflation.
While there's no way to take away all risk from the market, you can take strategies to mitigate your risk. One way is to invest in blue-chip stocks, like many of the stocks in this presentation. Investing just $1,000 in these stocks can reward you with an impressive total return over time.
MarketBeat gives you access to many free tools that ensure you have accurate, up-to-date information to help you make prudent investing decisions. And when you become a MarketBeat All-Access member, you gain access to an even wider range of tools.
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