Another brilliant revelation by Merrill Lynch: a very high rating on AMAT stock...
MERRILL LYNCH 12/11/98 -AMAT reit 2-1 rating,
bookings better than expected
I own some AMAT and hope it goes up, way up. But, I have listened to their chairman James Morgan a couple of times in the last six weeks or so, and he's still barely confident of a turnaround, if he's confident at all. Yet, ML has them rated highly. Intel, OTOH, has said time and time again that things couldn't be better (almost, Intel always reserves some conservativeness). Granted, it's only two stocks, but based on ML's opinion on them, I'd have to say that ML is cracked.
Tony |
