Took profit in NVDA.
Bought AMAT which was upgraded by UBS to BUY from neutral.Target was increased to $25 from $20.
AMAT earning estimates were increased from $1.20 to $1.40.
AMAT is also growing sales in Solar panel market.
Analyst stephen Chin from UBS is also bullish for potential for increased business from REXCHIP a joint venture......that plans to build new DRAM fabrication facilities in next 4 years.
AMAT volume is running ahead of average volume.
AMAT is only 13 cents away from its 52 week HIGH of $19.90.
Also added PMCS which is trading down.
Hope you all are having a profitable day.
BLOG does not give buy or sell.
Saleem
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