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Here’s Why Jim Cramer Is Watching Shares of Broadcom

June 6, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Action Alerts PLUS Portfolio Jim Cramer is keeping an eye on shares of Broadcom . ‘We own NXP Semiconductors for Action Alerts PLUS,’ Cramer said, adding that NXPI has exposure to the auto sector. ‘Broadcom has a lot of broad communications – it’s the one the high growth guys love the most.’ Cramer said if Broadcom pulls back, the overall rally seen in stocks Tuesday is not a real one. Broadcom shares rose slightly 0.3 percent on Tuesday, while the major indexes added roughly 1 percent. TheStreet’s Scott Gamm reports from Wall Street.

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