This week, attention will be on the Cybersecurity group as earnings reports from major companies are highly anticipated.
Broadcom $AVGO stands out with its significant market capitalization of $320 billion. The recent surge in $NVDA stock price, driven by strong revenue guidance, has positively impacted the semiconductor sector this week, further adding to the anticipation surrounding Broadcom’s upcoming earnings report. $AVGO is already up +12.3% in 2 days.
Despite facing significant price declines in 2022, I have identified five companies that exhibit much stronger revenue growth. These companies have demonstrated resilience in their recent price movements, and the upcoming earnings week holds the potential to act as a catalyst, driving prices upward and reducing the existing inefficiencies in their fundamental and technical aspects.
Here are the 5 companies I have elaborated in my twitter,
1. $OKTA – Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally
1. -70% from 02/2021 all time high, but currently +100% from 52-weeks low established… pic.twitter.com/6k9wWkairR
— Jeff Sun, CFTe (@jeffsuntrading) May 26, 2023
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