U.S. crude oil exports surpassed 2 million b/d for the first time ever in May 2018. China was the largest destination for the second month in a row, but by a much larger margin, taking 137,000 b/d more than Canada, the second largest destination. #OOTT pic.twitter.com/hPaCGUbECB
— Mason Hamilton🛢📊⛽️ (@T_Mason_H) July 31, 2018
Despite the recent drop following Q1 2018 #earnings, Applied Materials, $AMAT, still looks like an attractive investment idea.
The reported earnings show very good growth in both the top and the bottom line, however the analysts were put off by the guidance provided during the conference call.
From a valuation point of view, the stock still looks cheap with a PEG ratio (5 years expected) well below unity as you can appreciate from Yahoo Finance.
Now that the stock is trading below the 200 days moving area it may be a good idea to see whether and how this sudden drop is temporary or the start of a downtrend prior to initiating any position or accumulating.