39.87 +0.30 (0.76%)
After hours: 7:47PM EDT
|Bid||39.85 x 800|
|Ask||39.95 x 4000|
|Day's Range||39.37 - 40.62|
|52 Week Range||28.79 - 61.57|
|Beta (3Y Monthly)||1.52|
|PE Ratio (TTM)||10.08|
|Earnings Date||May 15, 2019 - May 20, 2019|
|Forward Dividend & Yield||0.84 (2.10%)|
|1y Target Est||48.38|
Technically speaking, the S&P 500 has rallied atop major resistance (2,817) opening the path to less-charted territory and still potentially material follow-through, writes Michael Ashbaugh.
Applied Materials Inc NASDAQ/NGS:AMATView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for AMAT with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AMAT. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding AMAT are favorable, with net inflows of $11.50 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. AMAT credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
"Halt and Catch Fire," despite being from a great AMC series on the rise about the personal computing age, is an idiom in the programming world. Abbreviated as "HCF," it refers to machine code that causes a computer's processor to freeze and maybe even overheat. I've never seen such a thing in person, but I have seen the following semiconductor stocks on the rise get red hot in recent weeks as traders price in a rebound for the sector.The rise of the chipmakers is driven by low inventory levels, a coming iPhone refresh cycle and hopes of a turnaround in global manufacturing. Remember that pretty much every durable good these days has digital smarts, whether it's a refrigerator or a washing machine. Computers are literally everywhere.[Editor's note: This story was originally published March 16, but we're bumping it to start the week.]InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe VanEck Semiconductor Vector (NYSEARCA:SMH) is breaking out again, after enjoying a 30% surge off of its late-December low and then consolidating that move with a test of its 200-day moving average last week. The exchange-traded fund (ETF) has returned to levels to seen since early September -- and further upside extension seems likely. * Top 7 Service Sector Stocks That Will Pay You to Own Them Here are five stocks in the area to watch: Intel (INTC)Source: Shutterstock Intel (NASDAQ:INTC) shares are pushing above the highs set earlier in the month, extending a 20% move off of the lows seen in late January. A run at the prior high, set last spring, would be worth another 3%-plus move from here.Digitimes recently reported that shortages of Intel CPU chips could get worse in the second quarter, likely pressuring prices higher.Intel will next report results on April 25 after the close. Analysts are looking for earnings of 87 cents per share on revenues of $16 billion.When INTC last reported on Jan. 24, earnings of $1.28 beat estimates by six cents on a 9.4% rise in revenues. Broadcom (AVGO)Source: Shutterstock Broadcom (NASDAQ:AVGO) helped ignite broad buying interest after management called for a bottom in the semiconductor business in the second half of the year, news that trumped the reporting of a quarterly revenue miss.That sent shares soaring in trading on Friday, up more than 8% to test the $300-a-share level for the first time. * 7 Small-Cap Stocks That Make the Grade The company will next report results on June 13 after the close. The company last reported on March 14, with earnings of $5.55 per share beating by 32 cents on an 8.6% rise in revenues. Texas Instruments (TXN)Source: Shutterstock Shares of Texas Instruments (NASDAQ:TXN) are breaking out of their two-month consolidation range, returning to levels not seen since early September after spending weeks consolidating the 25%+ rally off of the December lows.The move puts shares back into the middle of a two-year resistance range that's kept shares below the $115 threshold.The company will next report results on April 23 after the close. Analysts are looking for earnings of $1.16 per share on revenues of $3.5 billion.When the company last reported on Jan. 23, earnings of $1.27 per share beat estimates by three cents on a 0.9% drop in revenues. Nvidia (NVDA)Source: Shutterstock Onetime momentum favorite Nvidia (NASDAQ:NVDA) is in recovery mode now after spending the last five months consolidating after a nasty 55% drop from its early October high. Watch for, at the very least, a rally to the 200-day moving average which would be worth a gain of 24% from here.Nvidia stock was recently initiated with a hold rating by analysts at Craig Hallum. The company announced on March 11 that it made to deal to acquire Mellanox Technologies (NASDAQ:MLNX) in a $6.9 billion deal. * The 5 Best Stocks to Invest in Self-Driving Cars The company will next report results on May 15 after the close. Analysts are looking for earnings of 81 cents per share on revenues of $2.2 billion. When NVDA last reported on Feb. 14, earnings of 80 cents per share beat estimates by five cents on a 24.3% drop in revenues. Applied Materials (AMAT)Source: Shutterstock Shares of Applied Materials (NASDAQ:AMAT) are pushing up and over their 200-day moving average, threatening the first significant breakout for the stock since early 2016. A return to the levels seen back in August would be worth a gain of 20% from here. In the company's most recent conference call, management noted that a need for new technologies to power AI and big data means a need for more performance per watt for processors -- something that will benefit the company's revenue growth.The company will next report results on May 16 after the close. Analysts are looking for earnings of 67 cents per share on revenues of $3.5 billion. When the company last reported on Feb. 14, earnings of 81 cents per share beat estimates by two cents on a 10.7% drop in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post 5 Chip Stocks on the Rise appeared first on InvestorPlace.
It wasn't pretty, or easy, but the market managed to log another victory on Friday -- the fourth winning day of the past five. The S&P 500's close of 2,822.48 was the index's best close since early November, yet the budding uptrend remains far from rock-solid.Qualcomm (NASDAQ:QCOM) led the way with its 2.2% advance, mostly in response to reports that it won a relatively important patent-infringement court case against Apple (NASDAQ:AAPL). Though more are still pending, it was perceived as a good step. Leap Therapeutics (NASDAQ:LPTX) logged one of the day's biggest gains among major names, however, up 21.6% during regular-hours trading and adding another 12% in Friday's after-hours action for reasons most investors have yet to figure out.At the other end of the spectrum, Tesla (NASDAQ:TSLA) fell a little more than 5% after watchers were ho-hum about Thursday's evening's unveiling of the new Model Y.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNone make for particularly great trading prospects of the new trading week. Rather, it's the stock charts of Kimberly Clark (NYSE:KMB), Morgan Stanley (NYSE:MS) and Applied Materials (NASDAQ:AMAT) that merit the closest technical look to kick off the new trading week. Applied Materials (AMAT)Applied Materials broke out of a downtrend several weeks ago, as first suggested was possible in late November. The effort got off to a great start too, up until AMAT stock bumped into resistance at its 200-day moving average line, plotted in white on both stock charts. * 15 Stocks That May Be Hurt by This Year's Big IPOs That hurdle was cleared on Friday though. There's one more ceiling to clear, but the undertow is pointed in the right direction. Click to Enlarge • The remaining hurdle is the early February peak around $41.30, plotted with a red dashed line on both stock charts.• The current uptrend was kicked off with the ideal prompt … support and a push up and off of the purple 50-day moving average line (highlighted).• We've seen several accumulation days since January, or high-volume gains that indicate there are plenty of would-be buyers willing to feed the rally effort.• If the $41.30 ceiling can be cleared, the next major ceiling is the late-2017/early-2018 resistance around $59, plotted with a yellow-dashed line. Kimberly Clark (KMB)In late February Kimberly Clark was pegged as a breakout candidate. Shares had just broken out of a long-term converging wedge pattern by breaking above the upper boundary of a shrinking trading range.That effort actually petered out soon thereafter. But, the potential never really went away. With a small pullback and the reversal at the exact right place, that effort has been rekindled bigger and better than it was three weeks ago. Click to Enlarge • The breakout above technical resistance is clear on both stock charts. That ceiling is plotted with a white dashed line, and has now been hurdled twice.• The lull in late February and early March was the perfect pullback and regroup. All it took was a brush of the purple 50-day moving average line (highlighted) to supply the rally's second wind.• The next most plausible target is currently around $126, where the resistance line that's tagged the peaks from 2016 and 2017 awaits. That resistance marked with a yellow dashed line. Morgan Stanley (MS)Most interested investors respect the 1.5% gain Morgan Stanley made on Friday, and the 4.7% advance it booked for the week. That's more than the broad market mustered.There's far more to Friday's action than readily meets the eye, however. With that small move, MS made a big dent in a ceiling that had been guiding it lower for months now. Better still, it did so on higher volume, suggesting there's a swath of potential buyers waiting in the wings. Click to Enlarge • The technical resistance in question is the 100-day moving average line, plotted in gray on both stock charts. Despite several attempts, this is the first successful cross above it since the middle of last year.• On the weekly chart, we've got a bullish MACD cross and a Chaikin line that's above zero, confirming the undertow is bullish.• If the breakout thrust gets traction, the line to watch as a potential technical ceiling is the white 200-day moving average line, currently at $45.62.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy Today * 7 ETFs to Buy to Ride the Longevity Economy * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% Compare Brokers The post 3 Big Stock Charts for Monday: Morgan Stanley, Applied Materials and Kimberly Clark appeared first on InvestorPlace.
Applied Materials (AMAT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The property sits in an area that has traditionally been less active than other areas of Sunnyvale, but is still well-positioned to be attract big tenants, industry experts say.
Taking the broad view, Nvidia (NASDAQ:NVDA) stock looks like it's still in excellent shape. Yes, NVDA stock plunged last year and still trades 49% off its early October highs. Even with that fall, however, Nvidia stock still has risen 358% over the past three years and 712% over the last five.Source: via NvidiaFrom a similar perspective, the underlying business looks strong. It does appear that management underestimated the impact of cryptocurrency mining on demand, and the "crypto hangover" will pressure results in the first half of fiscal 2020 (ending January), at least. But revenue still rose 20% in fiscal 2019, and 40% the year before. Even expectations for a decline in adjusted earnings in fiscal 2020 suggest net profits should nearly double, at least, over three years. * The 10 Best Stocks to Buy for the Bull Market's Anniversary The argument for NVDA stock back at $150 is that everyone--management, analysts, and investors--simply overshot in terms of expectations. The seemingly stunning growth rates Nvidia was posting as recently as fiscal Q2 when revenue rose 40% and earnings jumped over 90% were not sustainable.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNvidia will pay for that growth in coming quarters, as it faces difficult year-over-year comparisons and deals with inventory buildup in key categories.That, however, does not in turn mean that Nvidia's long-term growth has ended for good. Demand across the company's four key categories should continue to rise. The bull case for NVDA at $250-plus still remains at least somewhat intact.It's an intriguing bull case. But I've argued since the crash that Nvidia stock was likely to trade sideways for quite a while. That opinion hasn't yet changed, for a couple of key reasons. NVDA Stock Isn't Cheap YetOne big issue at the moment is that NVDA stock isn't all that cheap yet. Guidance given with Q4 earnings last month was for revenue to be flat to down slightly in fiscal 2020. Operating expenses are expected to rise "high single digits," per the Q4 conference call. Gross margin should be pressured as well.In other words, earnings are likely to drop - and potentially precipitously so. Consensus EPS is at $5.39 - suggesting a 19% decline. Even backing out net cash of about $9 per share, NVDA still trades at about 26x this year's earnings.To be fair, Nvidia should be able to bounce back starting in the second half and into fiscal 2021. The Street currently pegs next year's EPS above $7, suggesting a P/E (again, excluding cash) under 20x. But even that is not as cheap as it sounds.Indeed, as I've written elsewhere, one of the big reasons for the decline in chip stocks across the board has been a realization that this time isn't different. Analysts and investors had begun to believe that the industry no longer was cyclical. And so chip stocks could be priced like other growth plays - and NVDA, often trading near 40x earnings, was.Between the crypto boom and a near-term slowdown in cloud buildup, we're again seeing that semiconductor manufacturing is a cyclical business. And cyclical stocks should, and do, receive a discount.Even assuming Nvidia bounces back starting in the second half, NVDA stock still can't be classified as all that cheap. Given that equipment manufacturers like Applied Materials (NASDAQ:AMAT) and Lam Research (NASDAQ:LRCX) are trading at 10-11x earnings, and memory plays like Micron (NASDAQ:MU) and Western Digital (NASDAQ:WDC) are even cheaper, 20x doesn't make NVDA a value play. FY20 PerformanceThe other issue is that it may be too early to assume that Nvidia's growth will return in just a few quarters. Nvidia isn't alone in seeing a quick rebound in demand from cloud providers: Western Digital has made a similar prediction and Intel (NASDAQ:INTC) has called out weakness in its datacenter business. But after the last two quarters, and after Nvidia management badly misread crypto demand, some caution - or skepticism - is required.Indeed, analysts already have shown some skepticism toward fiscal 2020 guidance. Consensus estimates suggest a nearly 5% drop in sales this year, worse than Nvidia itself projects. And Nvidia's projections require the company to exit the year at basically the same growth rates it was showing a year ago. That seems far too optimistic.That seems to set up some risk to Nvidia stock as the year rolls on. Earnings reports in the first half are going to show year-over-year declines in revenue and sharp drops in profit even if Nvidia management is right. Any potential miss only adds to the pressure. The Bottom Line on Nvidia StockEven if the long-term case here is somewhat intact, near-term trading looks likely to be bumpy and mostly sideways. In even a bullish scenario, it's going to take Nvidia some time to return to growth. Meanwhile, at 20x earnings, any stumbles don't look priced in.It's not a great combination and it suggests that Nvidia stock likely will take at least a few quarters to get moving again.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy Under 15x Earnings * 7 Dark Horse Stocks That Deserve Your Attention in 2019 * 5 Disruptive Technologies That Are Moving Too Fast Compare Brokers The post Why 2019 Probably Will Be a Really Tough Year for Nvidia Stock appeared first on InvestorPlace.
The world is now more dependent than ever on technology. This trend is global and accelerating at an exponential pace. So demand on electronic products and services like those that Applied Materials (NASDAQ:AMAT) provides will be in demand for decades.Source: Shutterstock AMAT is a proven company that survived the Dot com bubble, so they have faced big challenges and overcome them.March has not been kind to AMAT stock, and recently the chip stock have come under fire once again. They are momentum stocks, so they rally and fall faster than the averages. Luckily they had a nice start to 2019, so AMAT is still up 15% year-to-date.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEven though in the past they carried high valuations, that is not the case now. AMAT sells at a single-digit price-to-earnings ratio. But experts on Wall Street don't care when these stocks fall because they immediately deem them as value traps. It's hard to argument with that, since the Dot com swoon lasted almost 20 years.Last week I went long Micron (NASDAQ:MU) because I saw it outperform despite bad rhetoric in a falling stock market. When a stock rallies in the face of adversity it is a sign that buyers are eager to run it up. I used options to leave myself a buffer, since we have the threat of political headlines. * 7 Top Stocks to Buy From Goldman Sachs' Secret Portfolio The bad news is that AMAT stock has had a long-term pivot zone around $42 per share that is likely to be strong resistance for a while. The onus is on the bulls to break through it, so they will probably need an event to do so. This could be either a headline, like earnings, or a market-wide rally where we finally break through this S&P 500 resistance around 2,800.Long term, if the bulls can take it above $43, they can target $50 per share or higher. This breakout zone will have resistance especially around $41.50 per share so it won't be easy. Short term, there are even smaller levels to fret. $38 per share is proving to be a tough test for now. How to Trade AMAT StockClearly there are sellers in this stock, so if you're buying it here it would need to be for the long term. Personally I'd rather wait out this fight and chase it on the breakout.This is not the same as saying that AMAT is a losing stock idea. This is not a call against the company or its fundamentals. Clearly this is a cheap stock but not the cheapest in the sector so the judgement there is a more complicated matter than a simple metric. More homework is in order for those who want to own it here and now.Long term, it's more likely to be higher than now, but time tables differ from one investor to the other. But it is best to choose smart entry points into Applied Materials stock so that the asset performs best quickly. Also it is a good idea to take the position in tranches so that I leave the option to average down if prices moves against me.These stocks in general are still hostage to the global tariff wars. So until this US/China conflict is resolved investors will have one foot out the door of stock ownership. These days traders are quick to hit the sell trigger at the first hint of trouble.Luckily, experts on Wall Street agree that there is much more upside in AMAT stock. Most analysts who cover it have it as a buy or strong buy and it is trading 20% lower than their average target for the stock.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Growth Stocks Racing to All-Time Highs * 5 Warren Buffett Stocks You Can't Go Wrong With * Game On for These 3 Gaming Stocks Compare Brokers The post Applied Materials Stock Has Upside But May Require Patience appeared first on InvestorPlace.
This weekend's Barron's looks at the one airline Warren Buffett ought to buy. "Strong Tailwinds Can Drive Delta Stock Higher" by Andrew Bary makes the case that if Warren Buffett wants to acquire an airline, Delta Air Lines, Inc. (NYSE: DAL) is the one he should buy. In "Intel Is Finally Getting New Blood and That's Good News for Investors," Tae Kim shows how, after new Intel Corporation (NASDAQ: INTC) CEO Bob Swan acknowledged its recent execution issues, two prominent hires are poised to help turn things around.
Chip maker Applied Materials Inc. said Friday it's raising its quarterly cash dividend to 21 cents from 20 cents a share. The new dividend will be payable June 13 to shareholders of record as of May 23. Shares fell 1.3% in premarket trade, and are down 36.7% in the last 12 months, while the S&P 500 has gained 0.4%.
Applied Materials, Inc. today announced that its Board of Directors has approved a five percent increase in the quarterly cash dividend from $0.20 to $0.21 per share payable on the company’s common stock. The dividend is payable on June 13, 2019 to shareholders of record as of May 23, 2019. “The dividend increase reflects our ongoing commitment to return capital to shareholders while investing in the future growth of the company,” said Gary Dickerson, president and CEO.
SANTA CLARA, Calif., March 07, 2019 -- Applied Materials, Inc. has been recognized by Intel as a recipient of a 2018 Preferred Quality Supplier (PQS) award. The PQS award.
By buying an index fund, you can roughly match the market return with ease. But if you choose individual stocks with prowess, you can make superior returns. For example, AppliedRead More...
Pierre Ferragu of New Street Research is excited by new technology, but not as an investment. Stick with the semiconductor equipment makers, he says—they are evolving to fuel the entire industry.
Bullish chart patterns yield optimal buy points for stocks, but downward-sloping trend lines can often yield earlier entries.
Casey's, Polaris, Telenav, Applied Materials, Macy's, Zumiez and Abercrombie & Fitch highlighted as Zacks Bull and Bear of the Day
NEW YORK, Feb. 20, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.