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Broadcom Is Powering Ahead

Broadcom (AVGO) reports fiscal 2016 third-quarter earnings on Thursday. I think the company will beat the consensus estimate and raise guidance.

In the last year, shares of Broadcom are up 38%. Aided by the merger with Avago, Broadcom is poised to increase sales 90% in fiscal 2016 and 23% next year. Growth is coming from a broad array of industries, including wireline, wireless and the industrial market.

The company took on $14 billion in debt to complete the merger between...