Applied Materials Is A Smart Buy With China Fears Overblown
Summary
- Applied Materials delivered above-average revenue growth, with robust performance in its core Semiconductor Systems segment and healthy cash flows.
- Ongoing investments in new technologies are driving growth, and the company is returning significant capital to shareholders via buybacks and dividends.
- Despite export concerns, the stock appears undervalued with a below-average P/S ratio, presenting a buying opportunity as fundamentals remain strong.
- Technical indicators show bulls are in near-term control, and with improving long-term trends, I am upgrading the stock to a buy rating.
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