Actionable news
All posts from Actionable news
Actionable news in AMAT: Applied Materials, Inc.,

Applied And Peers Lead Tech Higher As Memory, Display Demand Continues

Shares of semiconductor equipment makers are leading the tech sector after two research firms had bullish commentary on peer Applied Materials (AMAT).

SEMICON NEXT WEEK: Semiconductor equipment suppliers will likely speak to "positive expectations on industry fundamentals," said Citi analyst Atif Malik, in a research note out before the open. Malik, who also is bullish on the sector, sees the recent "pullback in the group on tech sector rotation as a buying opportunity, with group well positioned to benefit from multiple secular growth drivers thru 2020." The analyst is especially constructive on shares of Applied Materials due to its growing market share in OLED display equipment. Malik sees Applied Materials' diversification into the OLED business as a buffer to the seasonality of its wafer fabrication equipment, WFE, business, a huge part of most equipment makers businesses. "With WFE shipments set to decline thru 2H17 on capex seasonality, we move Applied Materials to our number one...