Lam Research: A Favorite In The Semis - Initiating With A Buy

Yuji Sakai/DigitalVision via Getty Images Investment Thesis Lam Research (NASDAQ:LRCX) is set to announce earnings at the end of the month. In my opinion, Lam is going to beat estimates this quarter and trade higher in response. Lam is a semi-cap company with substantial exposure to the memory market, making it liquid gold for 2024 as the DRAM and NAND recover. The stock already outperformed the S&P 500 in the first quarter of the year, up 30% between January and March, while the S&P 500 is up ~10%. I e ...