UCTT just posted Q2 earnings with quarterly EPS at $1.04 which is basically what was expected – if not maybe a small beat. Fundamentals are otherwise pretty good.
We're an hour into trading today and the stock is down 11% – what gives?!
I saw the news about Intel's massive miss on its earnings but didn't think it would have such a massive impact on the rest of the market. What am I missing here? Does UCTT have a huge commercial deal with Intel, making its revenue streams poorly diversified?
I already thought this share was quite underpriced, why shouldn't I DCA further?
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