AMAT Earnings Tomorrow (Key SOXX ETF Stock)

Intermediate-Term Outlook looks good for AMAT

Hey Folks,

Applied Materials (AMAT) earnings is tomorrow, and I think the company’s full year outlook will have some influence the SOXX ETF’s intermediate-term direction.

I will continue to be constructive on tech as long as the Semicap Equipment subgroup is holding firm above its July/August lows.

This subgroup is AMAT/LRCX/ASML/TSM.

This quarter, the …