“Applied Materials, Inc. is currently rated as outperform by 24 stock analysts. Over the course of a year, the stock has fallen by 8.71%. But financial analysts are becoming very bullish, with the 19 analysts who cover the stock advising investors to buy. Right now it’s trading roughly around 25% below its 52-week high,” according to Direxion.
Applied Materials reports on Aug. 16 followed by Broadcom Inc. on Aug. 30.
“Broadcom has a track record of successful acquisition, and the stock has somewhat rebounded. Broadcom’s shares still may seem inexpensive to some, which could make them attractive at the current price, especially if earnings and projections are solid. Over the past 60 days, Broadcom has seen nine positive revisions to its fiscal 2019 earnings estimates,” according to Direxion.
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