AMAT
📈 Applied Materials is highlighted as a company actively buying back its own shares, signaling management confidence despite market conditions.
💰 The CEO recently made a significant personal investment, buying $7 million worth of shares, his first open-market purchase since 2015.
🐂 These insider actions (buybacks and CEO purchase) are presented as strong bullish signals, suggesting the company sees value at current levels, irrespective of broader market noise.
@bernardodegarcia:
“Look at this, Applied Materials, AMAT. Yesterday we also had Broadcom, we have all these companies, they are buying shares, okay? These companies, these businesses know that, I don’t care what the rocket lunatic does… I don’t care what the orange Power Ranger does… I will continue buying shares of my good business because my business continues to do well. We have AMAT, the CEO is buying during these drops. For the management team to buy the drops already tells you something, but for the CEO to be buying them… I don’t know how much he bought, let’s see if it tells us here… Dixon, 50,000 shares, okay, at $6.9 million. $7 million isn’t much, but damn, $7 million is a lot. The last time this colleague, the CEO of Applied Materials, bought shares was in 2013… The last time he bought shares on the market was in September 2015 when he paid $430,000 for 30,000 shares at an average of $14 each. It’s currently trading… this is truly an investment, and the rest is nonsense, mother of beautiful love, right? Well, the guy goes and buys $7 million worth right now. It’s not much because the company uses one hundred and something billion, but for the CEO to… what I want to tell you is that there’s the general market focusing on the mood of the orange Power Ranger, and then there’s the market looking at what companies are really doing.”
Watch the exact part of the video where @bernardodegarcia talks about Applied Materials here:
Watch the video on YouTube
Read more articles analyzing Applied Materials (AMAT) at the following link. AMAT stock.
