Is Broadcom Inc. (NASDAQ:AVGO) a NASDAQ Stock with the Highest Upside Potential?

On April 7, Dan Ives of Wedbush Securities joined CNBC’s ‘Squawk connected the Street’ to sermon however the existent tariff situation could interaction tech proviso chains. Musk’s actions and Trump’s tariffs person contributed to wide economical uncertainty, which Ives besides referred to arsenic the economical Armageddon for US tech successful an earlier conversation. He expressed interest astir the structural proviso concatenation challenges posed by caller tariffs and geopolitical tensions. Ives highlighted that the US tech assemblage has historically maintained an borderline implicit China but this could beryllium wiped retired if manufacturing were relocated to the US. The logistical hurdles of gathering manufacturing plants successful the US are not negligible and it would instrumentality 4 to 5 years to found facilities susceptible of sustaining accumulation levels comparable to those successful Asia.

He besides acknowledged that helium hasn’t downgraded large stocks similar the ones successful MAG7 but remains cautious. If these antecedently highlighted issues persist for months, Ives anticipates drastic cuts successful earnings. This uncertainty surrounding tariffs could pb to little request for emerging technologies similar AI and cybersecurity. He explained that this concern could severely interaction the US tech companies and pb to broader cuts crossed the tech assemblage — perchance up to 25% successful earnings. He besides criticized Elon Musk’s governmental involvement, which helium believes has caused imperishable harm to his marque and lawsuit base. He estimated a 20% request demolition successful Europe and 10% successful the US.

We utilized the Finviz banal screener to prime the 13 stocks with the highest analysts’ upside imaginable (at slightest 35%) arsenic of April 8. The stocks are ranked successful ascending bid of their upside potential. We person besides added the hedge money sentiment for each stock, arsenic of Q4 2024, which was sourced from Insider Monkey’s database.

Why are we funny successful the stocks that hedge funds heap into? The crushed is simple: our probe has shown that we tin outperform the marketplace by imitating the apical banal picks of the champion hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks each 4th and has returned 373.4% since May 2014, beating its benchmark by 218 percent points (see much details here).

A technician moving astatine a magnified microscope, processing a caller integrated circuit.