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While dividend stock investing is one of the best strategies an investor can pursue to create phenomenal wealth, chasing yield can undermine the entire effort.
Savvy investors understand the value of a stock split is exactly zero.
Zacks.com users have recently been watching Lam Research (LRCX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Lam Research (LRCX) closed the most recent trading day at $784.08, moving +1.41% from the previous trading session.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Lam Research is a strong buy due to its significant price drop, robust earnings growth outlook, and potential for margin expansion. The stock's double bottom at $714 and positive PPO divergence signal a bullish trend, despite recent underperformance against the semiconductor group. Lam's valuation is attractive, with potential for a strong year-end rally supported by seasonality and modest expectations for the upcoming earnings report.
My strategy focuses on buying, holding, and adding companies with consistent dividend growth and outperforming benchmarks, ensuring a successful long-term portfolio. I passed on Lam Research due to competition with Applied Materials but added Amphenol for its unique position in high-growth industries like 5G and EVs. The list merges data from "U.S. Dividend Champions" and NASDAQ, featuring companies with at least five years of consistent dividend growth.
The latest trading day saw Lam Research (LRCX) settling at $758.47, representing a -1.46% change from its previous close.
Lam Research Corporation (NASDAQ:LRCX ) Goldman Sachs Communacopia & Technology Conference Call September 11, 2024 11:10 AM ET Company Participants Doug Bettinger - Executive Vice President & Chief Financial Officer Conference Call Participants Toshiya Hari - Goldman Sachs Toshiya Hari Okay. Good morning, everyone.
In the most recent trading session, Lam Research (LRCX) closed at $734.31, indicating a +0.07% shift from the previous trading day.