Wasan Tita By Gianmarco Migliavacca Although event risk is rising, the biggest deals look creditor-friendly, preserving credit quality and ratings. After a long hiatus, mergers and acquisitions have resumed in the Basic Materials sector, with large deals announced in Mining and Paper & Packaging. After our earlier blog on rising M&A momentum among investment grade…
eyesfoto/E+ via Getty Images Intro We wrote about Cabot Corporation (NYSE:CBT) in January of this year when we upgraded our rating in the stock to a ‘Buy’ when shares were trading at approximately $74 a share. Since our upgrade, shares have returned approximately 38%, an excellent return over the past four months. Therefore, after divulging…
zorazhuang In my previous write-up on Applied Materials (NASDAQ:AMAT), I suggested that the company could emerge as a main beneficiary of the gradual transition to advanced process technology amid the rapid development of AI. Since then, the stock price has surged by 44.6%, and with this article, I am lifting the AMAT stock to a…
PhonlamaiPhoto The semiconductor industry has boomed since the beginning of 2023, riding the tailwinds of OpenAI’s introduction of ChatGPT to the market, which sparked the generative AI revolution. Applied Materials (NASDAQ:AMAT) has ridden that wave higher; the stock was up 68% in 2023 and, as the following chart shows, was up 25.50% in 2024 as…
Olekcii Mach/iStock via Getty Images This monthly article series shows a dashboard with aggregate industry metrics in materials. It is also a top-down analysis of sector exchange-traded funds, or ETFs, like Materials Select Sector SPDR® Fund ETF (XLB) and Fidelity MSCI Materials Index ETF (NYSEARCA:FMAT), whose largest holdings are used to calculate these metrics. Shortcut…
Sundry Photography We just added Applied Materials (NASDAQ:AMAT) to our Robo24MP Model Portfolio because it has our proprietary SID Buy Signal which is required to get into this portfolio. With this Robo portfolio we delete stocks when they lose our SID Buy Signal and replace them with stocks that have a strong SID Buy Signal….
Klaus Vedfelt In my previous analysis of WFE (wafer front end) semiconductor equipment, Applied Materials, Inc. (NASDAQ:AMAT) had lost its market share dominance to ASML Holding N.V. (ASML) in 2023. Now, AMAT has announced its latest earnings. At the time of my December 5, 2023, Seeking Alpha article entitled “Applied Materials: Weak Earnings Means ASML…
Arcadium Lithium plc (NYSE:ALTM) Bank of America Securities 2024 Global Agriculture and Materials Conference February 27, 2024 2:00 PM ET Company Participants Paul Graves – Chief Executive Officer Unidentified Company Representative Thank you. Our next session is with Arcadium Lithium of course created from the recent merger of Livent and Allkem. Arcadium owns a number…
Applied Materials, Inc. (NASDAQ:AMAT) Q1 2024 Earnings Conference Call February 15, 2024 4:30 PM ET Company Participants Michael Sullivan – Corporate Vice President Gary Dickerson – President and Chief Executive Officer Brice Hill – Chief Financial Officer Conference Call Participants Stacy Rasgon – Bernstein Research Vivek Arya – Bank of America CJ Muse – Cantor…
Bilanol/iStock via Getty Images Shares of Owens Corning (NYSE:OC) have risen to fresh all-time highs. A rather stagnant stock and business in the 2010s has really come to life post-pandemic, as it simply has become a better business with a real focus on ESG, insulation and the energy transition. Structural sales growth, margin expansion and…
Eagle Materials Inc. (NYSE:EXP) Q3 2024 Earnings Conference Call January 25, 2024 8:30 AM ET Company Participants Michael Haack – President & Chief Executive Officer Craig Kesler – Chief Financial Officer Conference Call Participants Trey Grooms – Stephens Anthony Pettinari – Citi Jatin Khanna – Goldman Sachs Kevin Gainey – Thompson Davis Phil Ng –…
RHJ China announced export controls on the export of two rare earth metals in early July 2023. Since then, MP Materials (NYSE:MP) stock price has sagged, despite being North America’s largest operational rare earth mining operation. In late December 2023, China announced banning exporting of certain technologies related to rare earths processing. It may be…
akinbostanci/iStock via Getty Images My thesis MP Material’s (NYSE:MP) stock performance has been a real disappointment since 2022 when rare earth NdPr price started a rolling correction. Weaker economic growth, especially in China, has weighed on core industrial and consumer markets using this metal oxide. This report aims to discuss the fundamental forces behind the…
Juan-Enrique Pretty Picture Martin Marietta Materials, Inc. (NYSE:MLM) operates in a cornerstone industry of the economy. Martin Marietta supplies crushed stone, sand, gravel, ready-mixed cement, concrete, and asphalt for construction markets. The company appears well-managed by the same CEO for 17 years. It is a legacy American company founded in 1939. A leader in its…
cosmin4000/iStock via Getty Images Origin Materials (NASDAQ:ORGN) is a company with a goal to reduce carbon footprint by producing materials that are carbon-negative. The company has an interesting approach, patented technologies and processes and several large customers already lined up which promises future growth but at the same time it is burning cash at a…
SweetBunFactory In the recent Fiscal Q4 earnings report, Applied Materials, Inc. (NASDAQ:AMAT) has exhibited a strong financial performance, surpassing estimates and demonstrating robust growth across multiple segments. Despite an ongoing U.S. criminal investigation related to potential evasion of export restrictions, the company maintains a positive outlook. While the investigation has indeed cast a shadow over…
querbeet/iStock via Getty Images Dear readers/followers, I last reviewed Heidelberg Materials AG (OTCPK:HDELY) a few months back in April of 2023. This article is an update you can find here. This, as such, is an update on the company. While Heidelberg Materials, formerly Heidelberg Cement, is a solid company, it’s also very cyclical, and in…
sankai Research Summary Continuing this week on the theme of technology and specifically artificial intelligence, on the heels of attending a tech conference in Europe which I mentioned in my previous article, today I’ll be covering a slightly different kind of tech company but one that helps make many things in tech possible. Applied Materials…
Denis Torkhov I don’t know about you, but when I look at a road or a building or a bridge or some other structure, it is sometimes easy to forget all that goes into the construction that comprises the world we know today. But when you really sit back and think about it, it’s remarkable…
urfinguss/iStock via Getty Images This monthly article series shows a dashboard with aggregate industry metrics in materials. It is also a review of sector exchange-traded funds, or ETFs, like Materials Select Sector SPDR ETF (XLB) and Vanguard Materials Index Fund ETF Shares (NYSEARCA:VAW), whose largest holdings are used to calculate these metrics. Shortcut The next…
Redwood Materials said that it’s committed to the use of recycled materials, and will also engage in refining and manufacturing activities. On Tuesday, August 29, the battery and e-waste recycling startup Redwood Materials raised a staggering $1 billion in the latest funding round to expand the recycling operations in the US. Former Tesla Chief Technology…