AMAT makes semiconductor manufacturing equipment. This has been one of the strongest stocks in Trump rally. AMAT is also in the Model Portfolio. Depending upon when and how you bought AMAT, you are looking at 79% to 150% return in about a year or less. Of course those who bought recently would have a lower return.
Our target has been $38 to $41. The stock jumped up to close at $39.60. We are raising the target zone to $48 to $56.
Recommended position size has been 30% to 50% of the full core position size.