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Stock Market & Financial Investment News

News Breaks
March 13, 2013
09:05 EDTAMAT, LRCXApplied Materials Lam Research should benefit from 3D NAND, says Pacific Crest
Pacific Crest expects Applied Materials (AMAT) and Lam Research (LRCX) to benefit from the advent of 3D NAND, as the firm expects the companies to profit from the technology's emphasis on deposition and etch. The firm warns, however, that the technology may be implemented slowly. It maintains an Outperform rating on Lam and a Sector Perform rating on Applied Materials.
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June 12, 2013
11:23 EDTAMATApplied Materials rises after upgrade, levels to watch
Citigroup earlier upgraded the stock to Buy, with a $20 price target. The firm cited a belief that the company will benefit from increased foundry adoption of FinFET products. At the current price of $15.78, next big resistance is at $16.50. Support is at $15.40, the session low so far.
10:14 EDTAMATOn the Fly: Upgrade Summary
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06:16 EDTAMATApplied Materials upgraded to Buy from Neutral at Citigroup
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