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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
     
  7. Brendan Cowie

    Brendan Cowie Active Member

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    Got in today Dec 57.5c I think we can see low 60s by then
     
  8. Jonathan Wiley

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    Applied Materials Inc. AMAT, +0.40% makes equipment used to fabricate semiconductors.
    This company is exposed to a growing area of the economy, there’s better value to be found in large-cap computer hardware manufacturers than in tech services companies right now.
     
  9. Brendan Cowie

    Brendan Cowie Active Member

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    Down on MS downgrade
     
  10. Onepoint272

    Onepoint272 Well-Known Member

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    After building cause in a series of clustered closes centering around $56 or so, AMAT got over and held its April 2000 high of $57.50 for several days but failed to make any further progress. Now it appears like it is testing those clustered closes again. The last stepping-stone (re-accumulation) trading range showed me a target of $64. It hit almost $61 on the last rally.

    So this thing has been a 4-bagger in the course of the last couple years. It may need a significant rest now that it has hit its all-time high from the dotcom bubble days. However, after the 2000 crash, this built cause for 13 years, from Oct 2002 to Oct 2015. Ultimately, I expect it goes much higher; multiples higher.

    Edit: In my experience, because it is a purveyor of machinery to the semi industry, it has proved to be a leader; a canary in the coal mine.
     
    T0rm3nted likes this.
  11. Brendan Cowie

    Brendan Cowie Active Member

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    I think it will see 70 at some point in 2018
     
  12. StockJock-e

    StockJock-e Brew Master
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    I agree, AMAT has been doing pretty nice lately.
     
  13. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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  14. Brendan Cowie

    Brendan Cowie Active Member

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    Hoping so.
     
  15. Brendan Cowie

    Brendan Cowie Active Member

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    I bailed at open... I took a loss but it could have been way worse
     
  16. StockJock-e

    StockJock-e Brew Master
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    AMAT powering higher today, buyers coming in after lunch, taking out the morning highs.
     
  17. StockJock-e

    StockJock-e Brew Master
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    Pre market lower
     
  18. Onepoint272

    Onepoint272 Well-Known Member

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    AMAT appears to have capitulated and has now tested the high-volume-low bar showing very little volume (no supply of stock coming into market). It is ready for mark up. I will probably get in early this week. Current cause gives an objective of $109.

    upload_2018-6-9_22-29-54.png
     
    T0rm3nted likes this.
  19. Onepoint272

    Onepoint272 Well-Known Member

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    This Cramer interview with AMAT CEO is a bit stale (March 14th) but still very prescient.

     
    T0rm3nted likes this.
  20. bigbull

    bigbull Active Member

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    Looks real good for a reversal up to $51.50 as long as this week's lows of $47.20 holds into the net few weeks. Similar trend to JD set a few weeks back.
     
    OldFart likes this.

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