Analysis: It's time for Q2 earnings season. We are preparing ourselves with a deeply analytical report on Q2 that should be out soon. Before we get to that, ASML Holdings looks like the first play of the season. ASML is a semiconductor equipment company that has done fantastically over the past year, and a pullback today has created a major buying opportunity. The company is expected to see its EPS move from 0.35 to 1.08 as well as an 87% revenue gain YoY. These gains are pretty significant, and we expect this stock to rally for the three days into earnings.
ASML's P/E ratio, at 13 currently, with those gains will drop to 10, putting it well below its competitors. The company's drop over the past two days seems fairly technical as the stock hit a heavy resistance line at 45
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