Companies Reporting Before The Bell
• Jumia Technologies (NYSE:JMIA) is expected to report quarterly loss at $0.76 per share on revenue of $57.32 million.
Applied Materials's (NASDAQ:AMAT) short percent of float has risen 15.5% since its last report. The company recently reported that it has 12.76 million shares sold short, which is 1.49% of all regular shares that are available for trading.
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Micron Technology, Inc. (NASDAQ: MU) shares are trading higher by 3.02% to $55.32 Friday. Shares of several semiconductor companies are trading higher on continued strength following strong earnings from Lam Research Corporation (NASDAQ:
Applied Materials, Inc. (NASDAQ: AMAT) shares are trading higher by 2.80% to $80.68 during Friday's session. The stock is rising after New Street Research upgraded the stock from Neutral to Buy.
Applied Materials, Inc. (NASDAQ: AMAT) shares are trading higher by 2.70% to $79.34 Thursday afternoon. Shares of semiconductor and chip companies are trading higher in sympathy with Lam Research, which reported better-than-expected first-quarter results.
What Defines a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.