NEW YORK, March 26, 2012 /PRNewswire/ -- Applied Materials Inc. (NASDAQ: AMAT: $13) has been picked by S&P Capital IQ as its Focus Stock of the Week. AMAT carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.
"We think all of AMAT's business segments should improve from current levels in the coming months," said Angelo Zino, equity analyst at S&P Capital IQ. "While we believe the company's Silicon segment has already shown signs of rebounding from trough levels, we expect to see order improvement from both the display and solar-related businesses as the calendar year progresses. We anticipate that foundry and flash memory companies will be the key drivers in the projected rebound for AMAT's semiconductor equipment business."
To view a video of Mr. Zino discussing AMAT paste the following link into your browser.
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