Lam Research (LRCX) Is Up 1.11% in One Week: What You Should Know

Core Insights - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] - Lam Research (LRCX) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The Zacks Rank for Lam Research is 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Price Performance - LRCX shares have increased by 1.11% over the past week, while the Zacks Electronics - Semiconductors industry has decreased by 0.45% during the same period [5] - Over the last month, LRCX's price has risen by 30.89%, significantly outperforming the industry's 6.68% [5] - In the last three months, LRCX shares have risen by 33.57%, and over the past year, they have increased by 60.63%, compared to the S&P 500's gains of 8.31% and 17.5%, respectively [6] Trading Volume - The average 20-day trading volume for LRCX is 11,879,390 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Estimates - In the past two months, five earnings estimates for LRCX have been revised upward, while none have been lowered, leading to an increase in the consensus estimate from $4.34 to $4.50 [9] - For the next fiscal year, three estimates have also moved upward with no downward revisions [9] Conclusion - Considering the strong price performance, positive earnings estimate revisions, and a Momentum Score of A, LRCX is identified as a solid momentum pick for potential near-term gains [11]