Applied Materials (AMAT) Moves 4.7% Higher: Will This Strength Last?

Applied Materials AMAT shares soared 4.7% in the last trading session to close at $132.85. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 18.5% loss over the past four weeks.The upswing was likely due to the perception that semiconductor companies with strong fundamentals and pricing power will perform well in the current market climate, potentially benefiting from exemptions from tariffs on semiconductors.This maker of chipmaking equipment is expected to post quarterly earnings of $2.30 per share in its upcoming report, which represents a year-over-year change of +10.1%. Revenues are expected to be $7.11 billion, up 7% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Applied Materials, the consensus EPS estimate for the quarter has been revised marginally higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on AMAT going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Applied Materials is a member of the Zacks Electronics - Semiconductors industry. One other stock in the same industry, Impinj (PIPI), finished the last trading session 4.6% lower at $69.63. PI has returned -27.3% over the past month.For Impinj, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.09. This represents a change of -57.1% from what the company reported a year ago. Impinj currently has a Zacks Rank of #4 (Sell).Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Impinj, Inc. (PI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks