On the fifth day of Christmas my stock pick is Applied Materials–and five golden rings

On the fifth day of Christmas my stock pick is Applied Materials–and five golden rings

I’m making Applied Materials (AMAT) my fifth day of Christmas pick. And I’m adding the stock to my long-term 50 Stocks portfolio today (for purchase on January 2.) Applied boasts an impressive global presence with an installed base of more than 30,000 tools and customer engineers stationed in nearly every chip-manufacturing facility in the world. The relationships that come with that installed base of tool and customer engineers is a huge competitive advantage in designing and introducing new generations of chip-making equipment.