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May 17, 2023

Applied Materials ($AMAT) earnings forecast on Thursday May 19

Applied Materials, Inc. (AMAT) is set to release its earnings report for the second quarter of fiscal year 2023 on Thursday, May 19. This highly anticipated report is expected to give investors and analysts insights into the company's financial performance, market position, and future growth prospects.

Leading up to this earnings release, AMAT's Momentum Indicator moved above the 0 level on May 05, 2023. This is an important technical signal that suggests the stock could be poised for a new upward move. Traders who follow momentum indicators may want to consider buying the stock or buying call options.

To further support this bullish outlook, Tickeron's A.I.dvisor analyzed 88 similar instances where the Momentum Indicator turned positive for AMAT. In 71 of those 88 cases, the stock moved higher in the following days. This translates to a probability of 81% for a move higher after a positive momentum signal.

Investors and analysts will be closely watching AMAT's earnings report to see if the company can continue its growth trajectory. In the first quarter of fiscal year 2023, the company reported revenue of $6.7 billion, an increase of 24% year-over-year. The company's net income also increased to $1.7 billion, or $1.85 per share, up from $1.4 billion, or $1.53 per share, in the same period last year.

Analysts expect AMAT to report earnings per share of $1.97 on revenue of $7.1 billion for the second quarter of fiscal year 2023. These estimates imply year-over-year growth of 27% and 19%, respectively.

AMAT is a leading provider of equipment, services, and software to the semiconductor industry. The company's products are used in the production of a wide range of electronic devices, including smartphones, computers, and other consumer electronics.

The semiconductor industry has been experiencing strong demand and supply constraints, leading to higher prices and longer lead times for customers. This trend has been benefiting companies like AMAT, which are well-positioned to capitalize on the growing demand for semiconductors.

The technical signals and historical data suggest that AMAT could be set for a new upward move. Investors and traders will be closely watching the company's earnings report on Thursday, May 19, to see if the company can continue its growth trajectory and deliver strong financial results.

AMAT Trading results, last 6 months - Swing Trader: Medium Volatility Stocks for Active Trading (TA&FA) +12.98%

Related Ticker: AMAT

AMAT in upward trend: price may jump up because it broke its lower Bollinger Band on July 17, 2024

AMAT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 40 cases where AMAT's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AMAT advanced for three days, in of 309 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 269 cases where AMAT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for AMAT moved out of overbought territory on July 11, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 36 similar instances where the indicator moved out of overbought territory. In of the 36 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on July 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on AMAT as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for AMAT turned negative on July 12, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

AMAT moved below its 50-day moving average on July 17, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMAT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 81%.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 60, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AMAT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (9.950) is normal, around the industry mean (7.064). P/E Ratio (24.546) is within average values for comparable stocks, (58.577). Projected Growth (PEG Ratio) (2.493) is also within normal values, averaging (3.219). Dividend Yield (0.006) settles around the average of (0.018) among similar stocks. P/S Ratio (6.631) is also within normal values, averaging (30.280).

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom Inc. (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), QUALCOMM (NASDAQ:QCOM), Texas Instruments (NASDAQ:TXN), Applied Materials (NASDAQ:AMAT), Intel Corp (NASDAQ:INTC), Micron Technology (NASDAQ:MU), Lam Research Corp (NASDAQ:LRCX).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 48.44B. The market cap for tickers in the group ranges from 13.43K to 2.98T. NVDA holds the highest valuation in this group at 2.98T. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was -2%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was 6%. AEHR experienced the highest price growth at 25%, while TOELF experienced the biggest fall at -17%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was 48%. For the same stocks of the Industry, the average monthly volume growth was 39% and the average quarterly volume growth was -19%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 48
Price Growth Rating: 52
SMR Rating: 70
Profit Risk Rating: 60
Seasonality Score: 3 (-100 ... +100)
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General Information

a manufacturer of equipment and software for the semiconductor industries

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Electronic Production Equipment
Address
3050 Bowers Avenue
Phone
+1 408 727-5555
Employees
34000
Web
https://www.appliedmaterials.com
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