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Stock Market & Financial Investment News

News Breaks
June 3, 2014
10:31 EDTAMATApplied Materials hits a 52-week high, levels to watch
At time of writing the stock is just edging past a 52-week high at $21.22 and is testing longer-term resistance. Next resistance of importance is at $22.28, which is a zone of prior resistance just below a pivot high from August 2007. Support is at $20.63.
News For AMAT From The Last 14 Days
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September 24, 2014
09:34 EDTAMATActive equity options trading on open
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September 23, 2014
09:37 EDTAMATActive equity options trading on open
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September 22, 2014
08:04 EDTAMATApplied Materials merger uncertainty could be opportunity, says Pacific Crest
Pacific Crest believes that the merger between Applied Materials and Tokyo Electron could be delayed until next year, while there is a small chance of China denying the merger. However, the firm recommends buying Applied Materials on any weakness relating to merger uncertainty, as it thinks the stock is worth $25 on a standalone basis. It keeps an Outperform rating on the shares.

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