The Big 3: AMAT, C, AAPL

Core Insights - The market is currently experiencing downward pressure, with a focus on upcoming catalysts, particularly Nvidia's earnings report, which could influence market direction [3][4]. Company Analysis Applied Materials (AAT) - AAT has shown strong performance, with a year-to-date increase of nearly 40% and a significant earnings report that exceeded expectations [5][8]. - The company has raised its guidance, now expecting equipment sales to grow by 20% in 2026, up from a previous estimate of 5% [9]. - Gross margins have improved to 54%, indicating strong demand for AI chips and memory, particularly in DRAM [10]. Citigroup (Croup) - Citigroup has reported strong revenue growth but is facing downward price pressure, attributed to broader financial sector concerns [16][18]. - The company offers a 2.16% dividend yield with a 25% payout ratio, indicating room for growth and high free cash flow [18]. - Citigroup is positioned to benefit from trends in tokenization and stable coins, which are seen as disruptive forces in the financial sector [19]. Apple - Apple is preparing for a significant consumer AI event on March 4, which could signal a breakthrough in consumer AI solutions [26][30]. - The company has seen inventory surge to $115 billion, a 51% year-over-year increase, typically indicative of major product cycles [28]. - R&D spending has reached a record 7.6% of revenue, suggesting aggressive investment in AI [29]. Technical Analysis Applied Materials (AAT) - AAT has been in an upward channel, with recent highs near 376 and a gap level around 341 that may act as support [11][12]. - The 5-day EMA is around 345, indicating potential support levels [13]. Citigroup (Croup) - Citigroup's price action has been more sideways, with notable levels around 123 as a ceiling and 113 as a recent low [21][22]. - The stock is currently trading at approximately 113.80, showing a slight increase [25]. Apple - Apple's trend is currently downward, with recent support levels around 255 and notable resistance near 267 to 276 [32][36]. - The stock is trading near 260, with significant volume areas identified between 253 to 260 [36].