4 Top Stocks With Average Double-Digit Returns in Q4

investing.com:

Some stocks have consistently outperformed the S&P 500 index over the past five fiscal years, with a particularly strong showing in the last quarter of the year.

What's truly remarkable is that these stocks have achieved returns of over 10%, surpassing the market's performance by more than double (10% compared to the S&P 500's 4.8%).

In this piece, we'll explore the best-performing stocks in the last quarter of the year, some of which have achieved an impressive +16% return compared to the S&P 500's +4.8% over the past five years.

Broadcom (NASDAQ:AVGO) designs, develops and supplies various semiconductor-based devices.

Its products are used in various applications such as data centers, set-top boxes, broadband access, telecommunications equipment, and smartphones. It was founded in 2018 and is headquartered in San Jose, California.

Its annual dividend yield is +2.03%.

On December 7, it will present its results and is expected to increase EPS by +3.46% and for the 2023 computation by +11.9%.

Source: InvestingPro

Oppenheimer estimated its potential at $990, while the market puts it at $967.29.

Source: InvestingPro

Over the past 5 years, its shares are up in the last quarter of the year by an average of +20.2%, with the 26% rally in the last quarter of last year being noteworthy.

At the close of the week, its shares were up +113.31% in the last 12 months and +7.28% in the last 30 days.

Lam Research (NASDAQ:LRCX) designs, manufactures, markets, and services semiconductor processing equipment used in the manufacture of integrated circuits.

It sells its products and services to the semiconductor industry in the United States, China, Europe, Japan, Korea, and Southeast Asia. It was founded in 1980 and is headquartered in