Big Growth Expected for Broadcom, Palo Alto Networks and Blackstone in 2023 Despite 2022 Rallies
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Broadcom is poised for transformational growth in 2023 driven by AI and its acquisition of VMware. Revenue could surge 40% with earnings and cash flow also jumping.
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Palo Alto Networks continues benefiting from strong cybersecurity demand, with revenue up 20% last quarter. It's using its robust cash flow to make acquisitions to capitalize on AI security.
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Blackstone saw improving realizations and earnings in Q4. With $200B in dry powder, it's positioned to capitalize on investment opportunities in 2023.
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The author is waiting for pullbacks in Broadcom, Palo Alto, and Blackstone after big 2022 rallies before buying more shares.
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Key stocks the author wants to buy on a bull market breather Broadcom, Palo Alto Networks, and Blackstone.