RE: Applied Materials (AMAT) 171.15 -13.12 (-7.12%)
Beat on earnings but warned about China Tariffs that could impact $400 million in future sales. Going back 10 years (2015) every time AMAT sold below 20x PE it was a BUY. With today's drop, I calculate the Forward PE at/neat 18x.
I made a 15% add this morning and have more orders scaled in every 2.5% lower. Still not at a full position and would like to eventually double my current shares. Maybe this time is different but I am going back on the 10 year history. Bruwin has made several posts showing the Value Buy points for AMAT.
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Other Buy/Sells
several small adds to MRK, started a new tracking position in BG (Trump tariffs may help); small add to LEG, UPS, LAND,CC, DOW PAHC, & CAG. Also tracking position in HON
Peeled off shares in GILD (All Time High) put proceeds into MRK, peeled off high cost shares in PNW, OVV, PLYM, TWI, CNDT, SBRA, |
