Are Valuations Reasonable In The Stock Market Today? AVGO, AMD, ORCL

“The market remains a tough and frustrating environment due to macro factors and not individual stock fundamentals. Investors need to see interest rates stabilize. The short-term fixed income market needs to price in the Fed’s terminal rate. We are making some clear progress on the goods side of the inflation equation and we are getting close to the point where valuations are reasonable. I like the Broadcom (AVGO) stock as the company is seeing strength across all their business lines. The AVGO shares are trading at about 11.5 times next year’s earnings estimates,” says Fort Pitt Capital Group’s Daniel Eye. Eye’s other stock pick is AMD Inc. (AMD) as he says that they are aggressively taking share from Intel (INTC). Finally, Eye says that Oracle (ORCL) will continue to benefit from the migration to the cloud.