|Bid||612.00 x 800|
|Ask||613.50 x 1400|
|Day's Range||599.72 - 617.01|
|52 Week Range||415.07 - 645.31|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||23.21|
|Earnings Date||Mar 02, 2023|
|Forward Dividend & Yield||18.40 (3.06%)|
|Ex-Dividend Date||Dec 19, 2022|
|1y Target Est||655.64|
The U.S. inflation rate tipped the scales at its highest level in 40 years (9.1%), and the all three major U.S. stock indexes were, at one point, firmly entrenched in a bear market. A stock split is an event that allows a publicly traded company to alter its share price and outstanding share count without any impact to its market cap or operations. A forward stock split reduces a company's share price to make it more nominally affordable for retail investors.
Broadcom Inc. (AVGO) closed the most recent trading day at $601.30, moving +0.62% from the previous trading session.
Fears of a recession and other macro headwinds often drive investors to dump their tech stocks and invest in more defensive sectors. Today I'll take a closer look at three tech companies that should remain promising investments during a recession: the cloud-based services provider ServiceNow (NYSE: NOW), the diversified chipmaker Broadcom (NASDAQ: AVGO), and the Dutch semiconductor equipment maker ASML (NASDAQ: ASML).