Applied Materials Q4 Preview: Why I Think This Is The Wrong Entry Point

Industry Overview - The semiconductor systems and services industry is experiencing significant demand growth driven by megatrends such as AI, IoT, 5G, and electric vehicles (EVs) [1] Investment Focus - The focus is on U.S. and European equities, particularly undervalued growth stocks and high-quality dividend growers [1] - Sustained profitability, characterized by strong margins, stable and expanding free cash flow, and high returns on invested capital, is emphasized as a more reliable driver of returns than valuation alone [1] Investment Strategy - The investment strategy includes managing a portfolio publicly on eToro, allowing others to replicate real-time investment decisions [1] - The goal of the investment approach is to ensure sufficient assets for freedom in work and life, rather than complete financial independence [1]