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How to Protect your Wealth by Investing in AI Tech Stocks

Lam Researtch LRCX Q4 Earnings - Buy the Rumour Sell the News

Companies / Tech Stocks Jan 30, 2023 - 08:57 PM GMT

By: Nadeem_Walayat

Companies

LRCX - $491, EGF 16%, EGF12M -13%, PE 13.9

I have to admit to having a soft spot for Lam Research which is why I am 131% invested even after trimming, trades on just X13.9, with a positive EGF of 16%, whilst earnings will contract during 2023 hence 12M EGF of -13%. However forward EGF is more guesstimate so less important than actual EGF which is strongly bullish for the stock price that has soared off it's $300 low, well done to all those who bought any of LRCX near it's low because it's not going to see those levels again anytime soon at best could dip to just below $400 below which lies heavy support, as a prelude to an eventual breakout higher to above $500 that would propel the stock towards it's all time high of $730. The bottom line is that Lam is heading for an earnings beat.


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By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2023 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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