Goldman likes itself some Lam. Here’s the upgrade… How dare some little website representing a mom & pop (just pop, actually) analytical service cast itself beside the great Vampire Squid? Well, the little mom & pop service also nailed the Squid’s big rally ahead of time after nailing LRCX back in June. On the latter, we noted a measured upside target of 106 for LRCX … Continue reading Goldman: Buy LRCX! (Public Post)
On Monday we had NFTRH+ updates on a couple of prime Semi Equipment names, Applied Materials (AMAT) and Lam Research (LRCX). This was a logical extension of the weekend report’s analysis of the sector. After the updates I found it interesting how each of these items have remained firm on days when the market is having Brexit jitters and Bremain euphoria alike. That may mean … Continue reading NFTRH+; On the Lam (public)
This is a stunning technical view of another Semi equipment company, Lam Research. With all due caveats about a news-filled, roiled week in the markets, LRCX is making a move today that we can use for our macro theses of Semi Equipment bullishness, an early economic signal and just maybe, a cost-push inflation issue down the road.
The daily chart is breaking to a new high above the April high (which you will recall is our guideline for broad market indexes to trigger a bullish view).
In an NFTRH update we reviewed the newly negative Semiconductor Equipment sector book-to-bill data. After seeing that I checked with a former associate of mine to see what is happening with the ‘boots on the ground’. His manufacturing business is not exclusively Semi-related, but it is a heavy component. For our purposes, it is the Semi commentary that is important… “All is as well as … Continue reading NFTRH+; an NFTRH Update and a Short Trade Setup Against a Major Semi Equipment Co.