
2218% GAIN ON AMAT — BLOWOUT EARNINGS CONFIRM STRENGTH IN SEMICONDUCTOR EQUIPMENT — TARGET INCREASED
By Nigam Arora

2218% Gain
AMAT is long from $16. It is trading at $370.95 as of this writing. This represents a gain of over 2218%. On earnings, the stock jumped more than 10%. Earlier this morning, AMAT traded as high as $376.32.
This type of long-term performance is not the result of luck. It is the result of early positioning, patience, and disciplined execution through multiple market cycles.
Blowout Earnings
AMAT reported EPS of $2.38 versus $2.21 consensus. Revenue came in at $7.01B versus $6.88B consensus.
Q2 EPS projection is $2.64 ± $0.20 versus consensus of $2.28.
Q2 revenue projection is $7.65B ± $500M versus consensus of $7.02B.… Please click here or the title below to read more.