For me, these three reliable stocks check all the right boxes: Broadcom (NASDAQ: AVGO), Cisco Systems (NASDAQ: CSCO), and HP (NYSE: HPQ). Broadcom produces a wide range of chips for the data center, networking, broadband, wireless, storage, and industrial markets. In fiscal 2022, Broadcom's revenue rose 21%.
A 33% plunge in the growth-focused Nasdaq Composite is the perfect excuse for patient investors to pounce.
Broadcom Inc. (AVGO) closed the most recent trading day at $641.54, moving +1.23% from the previous trading session.