Today’s Research Reports on Stocks to Watch: Broadcom and Intel
Broadcom shares saw a pop in Monday trading. Traders were reacting to news that Intel may be interested in buying the company. President Trump also blocked the possibility of Broadcom buying Qualcomm, which Intel had been keeping an eye on. Intel shares closed down a little over 1% yesterday.RDI Initiates Coverage on: Broadcom Limited
https://rdinvesting.com/news/?ticker=AVGO Intel Corporation
https://rdinvesting.com/news/?ticker=INTC Broadcom Limited shares closed up 3.57% yesterday on almost 5.4 million shares traded. The stock saw a boost in Monday trading after it was revealed by the Wall Street Journal that Intel is considering a range of options in regards to Qualcomm’s bid for Broadcom. It was yesterday that President Donald Trump blocked Broadcom’s $117 billion hostile takeover bid for Qualcomm over national-security concerns. It was last Friday that the WSJ reported that Intel was closely watching the company’s bid for Qualcomm in hopes that it would fail so that it could buy the company. Intel refused to comment on the speculation and said that the company does not comment on “rumors or speculation” related to mergers and acquisitions. Intel said in a statement to Reuters, “We have made important acquisitions over the past 30 months – including Mobileye and Altera – and our focus is on integrating those acquisitions and making them successful for our customers and shareholders." Access RDI’s Broadcom Limited Research Report at:
https://rdinvesting.com/news/?ticker=AVGO Intel Corporation shares closed down 1.28% on about 32 million shares traded on Monday. It was an interesting day yesterday considering that it has been reported that Intel is considering a bid for Broadcom and President Trump has blocked Broadcom’s bid for Qualcomm. Christopher Rolland, an analyst with Susquehanna has said that a deal with Intel and Broadcom could give Intel a monopoly in the computing as well as the networking sectors. President Donald Trump said that “credible evidence” has made him believe that if Broadcom were to acquire control of Qualcomm, it “might take action that threatens to impair the national security of the United States.” If the deal had been able to go through, it would have become the largest technology deal ever. A Broadcom spokesman said, “Broadcom strongly disagrees that its proposed acquisition of Qualcomm raises any national security concerns." Access RDI’s Intel Corporation Research Report at:
https://rdinvesting.com/news/?ticker=INTC Our Actionable Research on Broadcom Limited (NASDAQ: AVGO) and Intel Corporation (NASDAQ: INTC) and can be downloaded free of charge at Research Driven Investing. Research Driven Investing We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection. RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document. Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer. CONTACT For any questions, inquiries, or comments reach out to us directly at: Address: Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011 Email: [email protected] CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.