Del Principe O’Brien Financial Advisors recently released its March 2021 investor letter – a copy of which is available for download here. You should check out Del Principe O’Brien Financial Advisors top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q1 2021 Investor Letter, the fund highlighted a few stocks and Broadcom Inc. (NASDAQ:AVGO) is one of them. Broadcom Inc. (NASDAQ:AVGO) is a designer, developer, manufacturer and global supplier of a wide range of semiconductor and infrastructure software products. In the last three months, Broadcom Inc. (NASDAQ:AVGO) stock gained 8.6% and on April 7th it had a closing price of $482.46. Here is what the fund said:
“We continue to be impressed with the growth of this U.S.-based technology leader. At the time of their IPO in 2009, Broadcom’s reported revenue was just around $1.5 billion. At the end of fiscal year 2020, the company’s reported revenue was nearly $24 billion – that’s 16x growth in 11 years’ time. (See chart below. Source: Broadcom Networking Overview, J.P. Morgan 19th Annual Tech/Auto Forum, January 12, 2021).
This level of growth was achieved in part by Broadcom’s penchant for acquisitions, which we have highlighted in previous letters. Besides their impressive revenue growth and wise capital allocation strategies, we like Broadcom for the wide economic moat they have created through their commitment to research and development ($5 billion in fiscal year 2020) and their extensive intellectual property portfolio, which currently includes more than 23,000 patents. According to Broadcom, 99.9% of all internet traffic crosses at least one of their chips.”
Earlier this month, we published an article revealing that Broadcom Inc. (NASDAQ:AVGO) is one of the 15 best dividend stocks to buy right now.
Our calculations showed that Broadcom Inc. (NASDAQ:AVGO) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 15 best innovative stocks to buy to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:
Disclosure: None. This article is originally published at Insider Monkey.
