A Rising Tide Lifting All Boats

1/10
MasTec (MTZ) is a Great Momentum Stock: Should You Buy?
Does MasTec (MTZ) have what it takes to be a top stock pick for momentum investors? Let's find out.
2/10
A Rising Tide Lifting All Boats
Here are some charts showing improving sentiments for semiconductor stocks.
3/10
A Rising Tide Lifting All Boats
Here are some charts showing improving sentiments for semiconductor stocks.
4/10
A Rising Tide Lifting All Boats
Here are some charts showing improving sentiments for semiconductor stocks.
5/10
A Rising Tide Lifting All Boats
Here are some charts showing improving sentiments for semiconductor stocks.
6/10
A Rising Tide Lifting All Boats
Here are some charts showing improving sentiments for semiconductor stocks.
7/10
A Rising Tide Lifting All Boats
Here are some charts showing improving sentiments for semiconductor stocks.
8/10
A Rising Tide Lifting All Boats
Here are some charts showing improving sentiments for semiconductor stocks.
9/10
A Rising Tide Lifting All Boats
Here are some charts showing improving sentiments for semiconductor stocks.
10/10
A Rising Tide Lifting All Boats
Here are some charts showing improving sentiments for semiconductor stocks.

Does MasTec (MTZ) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here are some charts showing improving sentiments for semiconductor stocks.

Sejuti Banerjea

Updated Fri, Apr 27, 2018, 3:14 PM

In this article:

It was a great week for semiconductor stocks. After the initial scare related to Taiwan Semiconductor’s TSM warning about smartphone demand, investors entered the earnings season with trepidations. But after the first few earnings this week, sentiments started shifting, culminating in the reaction to Advanced Micro Devices’ AMD stellar quarter.

Here are a few charts assuring us that semiconductors aren’t just about smartphones; there’s automotive, industrials, medical, communications, military, IOT and so much more-

AMD, which reported a sales surprise of 6.2% and earnings surprise of 33.3%, saw shares jump 13.7% yesterday for a weekly net gain of 10.5%.

Intel INTC, which topped our revenue estimate by 6.7% and earnings estimate by 22.5%, saw shares appreciate 2.9% over the past week.

Texas Instruments TXN, which posted revenue and earnings beats of 3.8% and 9.0%, saw shares up 2.7% for the week.

Micron MU shares soared 5.3% yesterday to almost totally recover losses through the first few days of the week. The company reported February quarter revenue and earnings that beat the Zacks Consensus Estimates by 1.7% and 4.1%.

NVIDIA NVDA, which has yet to report, also saw shares jump 4.0% yesterday to make up for losses through the first part of the week.

Xilinx XLNX, which reported a sales surprise of just 3.6% and just managed to match the Zacks Consensus Estimate on the bottom line, jumped 1.7% yesterday to post a net 0.9% gain for the week.

KLA-Tencor KLAC was up 2.2% yesterday but couldn’t make good the losses taken in the first few days of the week as its revenue and earnings surprises were both contained at just 2.0%.

Lam Research LRCX beat the Zacks Consensus Estimate by 1.4% on the top line and 9.9% on the bottom line. Its shares were up 2.0% yesterday to a net -0.8% over the past week.

Applied Materials AMAT has yet to report, but yesterday, its shares jumped 2.8% regardless.

You get the drift…

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Fortune•6h ago
$433 Billion Gone! One Stock Loses More Value Than Tesla
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
Investor's Business Daily•5h ago
Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: '$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?'
Finance expert Suze Orman has voiced concerns about the impact of climate change on property insurance costs, asserting it could threaten the American dream of homeownership. Orman, 72, faced a $28,000 annual insurance quote for her Florida oceanside condo, leading her to forego coverage entirely. She highlights a troubling trend where soaring insurance costs driven by frequent and severe weather events may deter Americans from buying homes. Don't Miss: For many first-time buyers, a house is abo
Benzinga•1d ago
JPMorgan’s ‘Bloody Friday’: Why Several Top Financial Advisors Jumped Ship the Same Day
Six teams managing nearly $15 billion in total assets quit JPMorgan Chase’s brokerage unit to join competitors last Friday. Here’s what may have triggered their departures.
Barrons.com•22h ago
Want Decades of Passive Income? 2 Energy Stocks to Buy Now and Hold Forever
The energy sector is going through a big transition, but these two industry giants are trying to change along with it.
Motley Fool•9h ago
Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
(Bloomberg) -- Seven property insurers in Florida went bankrupt in 2021 and 2022. The bankruptcies left thousands of homeowners scrambling to get new coverage, which often came with a big increase in cost. Worse, many had outstanding claims for hurricane damage that had not been addressed.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsBiden’s New Chopper Is Demoted After Scorching White Ho
Bloomberg•6h ago
Oracle to Move Headquarters Again, This Time to Nashville
CEO Larry Ellison said the relocation will help the company better integrate with the healthcare industry.
The Wall Street Journal•17h ago
Russian court orders seizure of JPMorgan Chase funds in VTB lawsuit
A Russian court has ordered the seizure of funds in JPMorgan Chase bank accounts in Russia, court filings showed on Wednesday, in a lawsuit filed by state-owned bank VTB as it seeks to regain funds blocked abroad. JP Morgan Chase last week sued VTB in New York to halt its efforts to recover $439.5 million from an account that was blocked after Russia despatched its army to Ukraine in 2022 and VTB was hit with sanctions.
Reuters•8h ago
The IRS says it’s going after wealthy tax cheats. Here’s what new audit stats show.
After Congress approved billions of extra funding for tax compliance, the Internal Revenue Service pledged it would get tougher on rich taxpayers and corporations while avoiding extra scrutiny of middle-class households.
MarketWatch•1d ago
Biden's Old '0% Inflation' Comment Comes Back To Bite As McKinsey Says New Biggest Splurge For US Consumers Is Groceries
According to a recent CBS News poll, 39% of Americans believe the economy is "good," with 57% of respondents viewing the economy as "bad." It's an issue President Joe Biden has to grapple with as his reelection campaign gears up, especially given that 65% of Americans remember the economy as good under former President Donald Trump, according to the poll. In August 2022, Biden announced "zero inflation" at a time when the consumer price index (CPI) reported it was 8.5%. While he was referring to
Benzinga•21h ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

A Rising Tide Lifting All Boats

MasTec (MTZ) is a Great Momentum Stock: Should You Buy?