Applied Materials (AMAT), Urban One (UONE): 2 Trending Stocks

2 min read | May 21, 2021 08:13 PM PDT | By Kiran Murali

Google News:

Applied Materials (AMAT), Urban One (UONE): 2 Trending Stocks — Image source: whiteMocca, Shutterstock

Recent News

Southern Company (NYSE:SO) Powers Toward Key Results

Can Oracle (NYSE:ORCL) Turn Its AI Backlog Into Cloud Momentum?

Advanced Micro (NASDAQ:AMD) Tests Support Before Its AI Event

Is SoundHound AI (NASDAQ:SOUN) Emerging As A Small-Cap AI Stock?

Make Kalkine Media
My Trusted Source

Summary

Applied Material’s stock is up almost 50 percent year to date.

Urban One rose 89 percent year to date.

Stocks of Applied Materials, Inc. (NASDAQ:AMAT) and Urban One, Inc. (NASDAQ: UONEK, UONE) seem to have caught the investors’ attention recently.

Applied Material’s stock is up almost 50 percent year to date, while it soared 139 percent in the last one year. The stock has a 52-week trading range of US$53.32 to US$146.

Meanwhile, Urban One stock rose 89 percent year to date. In the last one year, the share price has grown 524 percent. Urban One has a 52-week trading range of US$1.25 and US$54.16.

Applied Materials, Inc. (NASDAQ:AMAT)

Applied Materials provides materials engineering solutions to produce chips and advanced displays.

On Thursday, Applied said its net sales during the second quarter ended May 2 came in at US$5.58 billion, up 41 percent from US$3.96 billion in the year-ago quarter.

The California-based company attributed the growth to its strong semiconductor business.

Applied posted a 76 percent year-over-year growth in its second-quarter net income to US$1.33 billion. Diluted EPS was US$1.43, up from 82 cents.

Meanwhile, adjusted net income soared to US$1.51 billion, or US$1.63 per share, from US$817 million, or 89 cents per share.

Applied expects to report US$5.92 billion in third-quarter net sales, while adjusted EPS is projected between US$1.70 and US$1.82.

Read More: Foot Locker, Deere Stocks Rise, VF Corp Declines After Earnings

Urban One, Inc. (NASDAQ: UONEK, UONE)

Urban One is a media company targeting African-American and urban consumers. The company operates broadcast stations and cable television network and holds a minority ownership interest in MGM National Harbor Casino in Maryland.

Urban One stock gained 59 percent on Thursday after Virginia’s Resort Casino Evaluation Panel recommended the company’s proposed ONE Casino + Resort project. However, the stock fell around 15 percent on Friday.

Source: Pixabay

The project proposes setting up a 100,000 square feet casino gaming space, luxury hotel, theaters, eateries and bars, and radio and television production studios at Walmsley Boulevard in South Richmond.

Recently, a Virginia law permitted casino gaming in five cities, including Richmond, Norfolk, Portsmouth, Danville, and Bristol, subject to a public referendum.

The project is contingent on a referendum on casino gaming in Richmond this November.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.