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AMAT - Applied Materials, Inc

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by T0rm3nted, May 20, 2016.

  1. T0rm3nted

    T0rm3nted Moderator
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    [​IMG]
    Applied Materials, Inc. (AMAT), is an American corporation that supplies equipment, services and software to enable the manufacture of semiconductor (integrated circuit) chips for electronics, flat panel displays for computers, smartphones and televisions, and solar products. The company also supplies equipment to produce coatings for flexible electronics, packaging and other applications. The company is headquartered in Santa Clara, California, in the Silicon Valley.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    Reported after close yesterday (5/19/16)
    Earnings: EPS $0.34 Revenue $2.45B
    Estimates: EPS $0.32 Revenue $2.43B

    Up 8.99% pre-market
     
  3. fidelgeorge

    fidelgeorge Well-Known Member

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    Estimates sales raising 40% to $3.3B marking fastest top line growth in 5+ years. This is going to be good.
    amat.png
     
  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    This may be a buying opportunity (down 3% AH)

    A good bit of buying the last few days, caused it to make little gaps the last couple days that have now been filled
    [​IMG]

    Hour chart:
    [​IMG]
    See if it bounces from 29.15, a confluence of a Fib retracement and the lower Bollinger Band. There will be more volume tomorrow.

    Here's the ER:
    So revenue missed (that excuse will be used to explain the AH drop). But EPS is 2.3-times what it was last year, on 39% sales growth. And the kicker: guidance is above estimates.
     
  5. Gambit

    Gambit Active Member

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  6. StockJock-e

    StockJock-e Brew Master
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    Looks like a potential sell here, maybe puts.

    Right on the resistance level today, this could use a pull back next week
     

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