[ibd-display-video id=3105496 width=50 float=left autostart=true] The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria.
Lam Research is currently forming a double bottom , with a 218.58 buy point. See if the stock can break out in heavy trade at least 40% above average. Keep in mind that it's a later-stage base, which makes it a riskier entry point.
The stock sports a 99 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 99% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company posted 94% earnings growth for Q2. It has now posted accelerating EPS increases for two consecutive quarters. Revenue growth fell to 37%, down from 52% in the previous quarter.
Lam Research earns the No. 2 rank among its peers in the Electronics-Semiconductor Equipment industry group. ASML ( ASML ) is the No. 1-ranked stock within the group.