BRCM delivered a strong quarter recently, but has been selling off after the earnings report for unknown reasons. Classic sell the news scenario? Investors were somehow hoping for a strong earnings report? Whatever the reason was, BRCM was selling off until Thursday, when the stock was able to turn it around and finish the day up over 3%. Volume was fairly heavy, with over 20 million shares of the stock changing hands, compared to a normal daily average of just over 15 million shares. On Thursday, the stock was helped out by Jim Cramer, who said that the stock was still definitely a buy on his Wednesday afternoon show. BRCM is a great company that seems to be firing on all cylinders right now, and I believe that this post-earnings selloff provided investors with a great opportunity to buy the stock on the cheap. BRCM closed at $41.25 on Thursday.
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