Jim Cramer Has High Expectations for Broadcom, Which Reports Earnings on Thursday
Broadcom shares are up about 20% this year, and Jim Cramer likes the company ahead of its earnings report Thursday.
Jim Cramer has high expectations for Broadcom (AVGO) - Get Report , which is reporting earnings on Thursday. Cramer says he likes the company but there are crosscurrents right now, because Broadcom does a lot of world trade. He notes investors are trying to figure out potential impacts from President-elect Trump's positions on trade and globalization. Cramer was a fan of the merger between Avago and Broadcom, which has seen its shares gain about 20% this year. Analysts are expecting the company to report earnings of $3.37 a share.
