Chip Hardware Stock Needs a Big Post-Earnings Win
As the world’s largest chip-equipment maker, the success of Applied Materials Inc (NASDAQ:AMAT) on the charts is tied to how U.S.-China trade tensions thaw out. After the close today, the company steps into the earnings confessional for its second-quarter report, where analysts expect revenue of 2.31 per share, both within the company’s previously issued guidance.AMAT has a history of negative post-earnings reactions, with declines in three of its last four next-day sessions - ...