Today’s Research Reports on Trending Tickers: Applied Materials and Lam Research
U.S. markets bounced back on Thursday after Walmart and Cisco reported upbeat quarterly earnings. The Dow Jones Industrial Average jumped 1.58 percent to close at 25,558.73, while the S&P 500 Index have gained 0.79 percent to close at 2,840.69. The Nasdaq Composite Index increased 0.42 percent to close at 7,806.52.
“Earnings out of Walmart are very positive for the market as it is a reflection not just of Walmart’s online growth but it offers a positive snapshot of the U.S. consumer,” said chief market strategist at Prudential Financial, Quincy Krosby.
RDI Initiates Coverage on:
Applied Materials, Inc.
Lam Research Corporation
Applied Materials’ stock moved 0.17% lower Thursday, to close the day at $47.43. The stock recorded a trading volume of 11,989,259 shares, which was below its three months average volume of 12,621,082 shares. In the last year, Applied Materials’ shares have traded in a range of 42.93 – 62.40. The share price has gained 10.48% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $47.15 is below its 200-day moving average of $51.87. Shares of the company are trading at a Price to Earnings ratio of 15.93. Shares of Applied Materials have gained roughly 2.42 percent in the past month and are down 7.22 percent year-to-date.
Access RDI’s Applied Materials, Inc. Research Report at:
On Thursday, shares of Lam Research recorded a trading volume of 2,382,274 shares, which was below the three months average volume of 3,129,120 shares. The stock ended the day 0.84% higher at $174.29. The share price has fallen 25.8% from its 52 week high with a 52 week trading range of 156.52 – 234.88. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $178.10 is below its 200-day moving average of $191.00. Shares of the company are trading at a Price to Earnings ratio of 13.23. Shares of Lam Research have gained roughly 1.46 percent in the past month and are down 5.31 percent year-to-date.
Access RDI’s Lam Research Corporation Research Report at:
Our Actionable Research on Applied Materials, Inc. (NASDAQ:AMAT) and Lam Research Corporation (NASDAQ:LRCX) can be downloaded free of charge at Research Driven Investing.
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