JPMorgan Very Bullish on 3 Top Technology Stocks for Rest of 2016

Technology

Published: February 17, 2016 10:10 am

Last Updated: January 13, 2020 1:06 pm

Given the big day last Friday and a positive start to the holiday shortened trading week Tuesday, maybe, just maybe, the markets are ready to sweep away the malaise that has hovered over stocks since the beginning of the year. With many bearish voices howling that a crash could be right around the corner, stocks have plunged into correction status in 2016, and technology has been battered as much as any sector.

A set of new research reports from JPMorgan focus in on three technology stocks that the analyst feels are poised for a solid rest of 2016. Two have been absolutely hammered, and one was upgraded after coming off a period of restriction. All are rated Overweight at JPMorgan

Broadcom

This is the combined entity that was formerly known as Avago Technologies and Broadcom. Broadcom Ltd. (NASDAQ: AVGO) is a leading designer, developer and global supplier of a broad range of analog and digital semiconductor connectivity solutions. Its extensive product portfolio serves four primary end markets: wired infrastructure, wireless communications, enterprise storage and industrial and other.

Applications for the company’s products in these end markets include: data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems, and displays.