The Hot Stock: Lam Research Jumps 6.9%

Lam Research (LRCX) soared to the top of the S&P 500 today after beating earnings forecasts and raising its fourth-quarter guidance.

Lam Research gained 6.9% to $136.17 today, while the S&P 500 declined 0.2% to 2,338.17.

Credit Suisse analysts Farhan Ahmad and John Pitzer and argues that Lam Research’s “new trough is higher than [its] old peak.” They explain:
Source: Barrons

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