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Stock impact report

Broadcom Shareholders: Don't Worry, Be Happy [Seeking Alpha]

Xtrackers California Municipal Bonds ETF (CA) 
Last xtrackers california municipal bonds etf earnings: 8/6 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ca.com
Company Research Source: Seeking Alpha
Summary On July 11, Broadcom ( AVGO ) announced the purchase of CA ( CA ) for $18.9 billion in cash. This deal took everyone by surprise and caused a widespread negative sentiment towards Broadcom. Following the announcement, shares of CA jumped by 15 percent, while shares of Broadcom tumbled by more than 18 percent during intraday trading. To add insult to injury, many of my colleagues/analysts were quick to downgrade the stock, either from a Top Pick to Outperform, or from Outperform to Market Perform, which only exacerbated the plunge in Broadcom shares. Unfortunately for me, I had the unlucky timing of publishing a recent bull case thesis on Broadcom, only to see shares plunge the following day. In this article, I will explain why my bull case thesis is very much alive and kicking. I will address the main reason for concern among analysts and investors alike. More importantly, I will discuss the value proposal that CA brings to Broadcom's table, and why I be Show less Read more
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