Many growth stocks exploded higher coming out of the pandemic low last year, as the crisis shifted demand around to different sectors of the economy. One of those sectors was semiconductors, which was one of the
Applied Materials Presents A Buying Opportunity
Summary
- AMAT shares have flown higher in recent months.
- But it is due in part to improving fundamentals.
- The stock looks fairly valued but is in a strong uptrend and has macro tailwinds for years to come.
Josh Arnold has been covering financial markets for a decade, utilizing a combination of technical and fundamental analysis to identify potential winners early on in their growth cycles. Josh's focus is mainly on growth stocks. His goal is efficient and profitable use of capital, which overly rigid buy-and-hold strategies do not allow.
Josh is the leader of the investing group Timely Trader where he focuses on limiting risk and maximizing potential reward. Features of Timely Trader include: real-time alerts, a model portfolio, technical charts, sentiment indicators, and sector analysis to find the best trading opportunities. Learn more.
Analyst’s Disclosure:I/we have no positions in any stocks mentioned, but may initiate a long position in AMAT over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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