Trade-Ideas: Applied Materials (AMAT) Is Today's Post-Market Leader Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Applied Materials ( AMAT) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Applied Materials as such a stock due to the following factors:

  • AMAT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $436.6 million.
  • AMAT is up 2% today from today's close.

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More details on AMAT:

Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. The stock currently has a dividend yield of 2%. AMAT has a PE ratio of 21. Currently there are 10 analysts that rate Applied Materials a buy, no analysts rate it a sell, and 4 rate it a hold.

The average volume for Applied Materials has been 21.7 million shares per day over the past 30 days. Applied has a market cap of $24.4 billion and is part of the technology sector and electronics industry. The stock has a beta of 2.16 and a short float of 6.3% with 2.27 days to cover. Shares are down 20.2% year-to-date as of the close of trading on Wednesday.

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