Trade Tracker: Josh Brown buys Lam Research
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9 hours ago
- Yahoo
Why Lam Research Stock Got Clobbered Today
Key Points Applied Materials reported strong earnings but gave weak guidance last night. The Lam Research rival sees weak spending on semiconductor manufacturing equipment in China -- and everywhere else. 10 stocks we like better than Applied Materials › Lam Research (NASDAQ: LRCX), one of a handful of large companies manufacturing equipment for the production of semiconductors, tumbled 6.9% through 1:45 p.m. ET this afternoon. As unbelievable as it may sound, you can blame one of Lam's big rivals, Applied Materials (NASDAQ: AMAT), for Lam's troubles. Applied Materials' big warning for semiconductor investors Applied Materials reported strong earnings for its third quarter fiscal 2025 last night. Analysts expected Applied to earn only $2.36 per share on sales of $7.2 billion, but Applied said it actually earned $2.48 per share, and sales were stronger than expected at $7.3 billion. So far, so good. But Applied Materials then proceeded to tell investors what it expects to do in Q4 of this year -- and that's where things fell apart. Is it time to sell Lam Research? Citing a "dynamic macroeconomic and policy environment, which is creating increased uncertainty and lower visibility in the near term," Applied Materials warned that Q4 profits will be only about $2.11 per share, down sequentially, and well below Wall Street analyst forecasts for $2.38 per share. Of particular note, Applied warned that Q4 revenue will decline due to "digestion of capacity in China" (i.e., China has already bought a lot of semiconductor manufacturing equipment) and "non-linear demand from leading-edge customers given market concentration and fab timing" (i.e., China's not the only buyer that's already bought a lot of equipment). As a result, Applied Materials is warning that sales that grew to $7.3 billion in Q3 will probably shrink to $6.7 billion in Q4. That's about 8% worse than Wall Street was expecting. Investors are now worried that the same thing might happen to Lam's stock. Seeing as though, at 26 times earnings, Lam stock is already not cheap, it might be time to sell. Should you buy stock in Applied Materials right now? Before you buy stock in Applied Materials, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Applied Materials wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $663,630!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,695!* Now, it's worth noting Stock Advisor's total average return is 1,071% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Applied Materials and Lam Research. The Motley Fool has a disclosure policy. Why Lam Research Stock Got Clobbered Today was originally published by The Motley Fool
Yahoo
16 hours ago
- Yahoo
Jim Cramer Says Don't Quit Market When It's Frothy: 'Is Widespread Irrationality a Reason To Sell Down in Perfectly Rational Stocks? Absolutely Not'
In the face of a frothy market, financial expert Jim Cramer encourages investors to stay the course, highlighting numerous positive stock narratives that counterbalance the market's irrationality. What Happened: Cramer made a case last week, asserting that the current market conditions are far removed from the dotcom bubble burst of the late 90s. He emphasized that despite the froth, today's market is more rational. Cramer drew attention to the irrationality in recent IPOs like Circle, Figma, and Bullish, which have witnessed significant gains since their launch. On CNBC, he also noted Oklo Inc., a firm with ambitions to construct a compact nuclear reactor powered by nuclear waste, whose stock has surged 247% year-to-date. 'Flying cars, supercharged crypto ETFs, secretive companies that consult in magical ways, all irrational. I could go on and on,' Cramer said. 'Is the widespread irrationality a reason to sell down your positions in perfectly rational stocks? Absolutely not.' Also Read: Jim Cramer Has Blunt Message for Fed Chair Powell After July Job Numbers Tanked On the other hand, Cramer pointed to Amazon Inc. (NASDAQ:AMZN) and Eli Lilly and Company (NYSE:LLY) as instances of rationality. Amazon's stock climbed by 3% after the introduction of same-day fresh food delivery in over 1,000 U.S. cities and towns. Eli Lilly's stock also experienced a boost when a team from the pharmaceutical company's management and board of directors purchased stock on the open market. 'Sure, there's froth, but there are also perfectly legitimate moves in the stocks of great companies. I am calling this the year of magical thinking, but the truth is you can't get the runs in the good ones without the runs in the bad ones,' Cramer added. Read Next Short Seller Slams Jim Cramer Over Palantir, Accuses Him Of Hyping 'High-Multiple, Hype-Driven Narrative' Image: Shutterstock/katz Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? (AMZN): Free Stock Analysis Report ELI LILLY (LLY): Free Stock Analysis Report This article Jim Cramer Says Don't Quit Market When It's Frothy: 'Is Widespread Irrationality a Reason To Sell Down in Perfectly Rational Stocks? Absolutely Not' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
a day ago
- Yahoo
Chamath Palihapitiya Once Disclosed He Was A Warren Buffett Disciple, But Disagreed With The Investing Legend's 'Wrong, Outdated' Views On Bitcoin
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Venture capitalist Chamath Palihapitiya has long been a staunch advocate of Bitcoin (CRYPTO: BTC) and did not mince words when criticizing legendary investor Warren Buffett's scathing remarks about the asset. Palihapitya Defends Crypto Against Buffett's Criticism During a CNBC interview in 2020, Palihapitiya said that Buffett is "completely wrong and outdated" about Bitcoin and cryptocurrency. For background, Buffett said in an earlier interview that cryptocurrencies have no value and he will never wager his money on them. Palihapitiya then defined Bitcoin as the only 'uncorrelated hedge' in the world and urged putting 1% of one's portfolio to the apex cryptocurrency. Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — It's Okay To Have Biases, Says Palihapitiya This wasn't the first time Palihapitiya disagreed with Buffett on cryptocurrency. In a May 2018 interview with CNBC, he said, 'It's really unfair to not understand something and then disparage it,' in response to Buffett's remark that Bitcoin is "creating nothing." "I think we have to acknowledge that we all have biases," Palihapitiya added. Despite his criticism, he called Buffett an 'exceptional' person and claimed to be a 'disciple' of the renowned investor. On the date of the interview, Bitcoin closed at $9,325.18 apiece. As of this writing, it is exchanging hands at $121,809.56, marking a massive 1206.24% increase. Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo Courtesy: Kathy Hutchins On Shutterstock This article Chamath Palihapitiya Once Disclosed He Was A Warren Buffett Disciple, But Disagreed With The Investing Legend's 'Wrong, Outdated' Views On Bitcoin originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
