The IBD SmartSelect Composite Rating for Applied Materials (AMAT) increased from 94 to 97 Thursday. Is Applied Materials stock on your watchlist?
XThe upgrade means Applied Materials stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher rating in the early stages of a new price run, so that's a good item to have on your checklist when looking for the best stocks to buy and watch.
Applied Materials Stock Is In The Buy Zone
Applied Materials is trading within the buy zone from a 146.10 entry from a consolidation.
Looking For The Best Stocks To Buy And Watch? Try These Screens
Applied Materials stock sports a 91 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 91% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q4, the chip gear maker posted 55% earnings growth. Revenue growth came in at 31%, down from 41% in the previous quarter.
Applied Materials stock earns the No. 10 rank among its peers in the Electronics-Semiconductor Equipment industry group. Axcelis Technologies (ACLS), KLA (KLAC) and Nova (NVMI) are among the top five stocks in the group.
YOU MIGHT ALSO LIKE:
Find The Best Stocks To Buy Using IBD's Proprietary Watchlists
MarketSmith's Tools Can Help The Individual Investor
IBD Live: A New Tool For Daily Stock Market Analysis
