Is Lam Research Corp. (LRCX) the Tech Stock That Trump's Fellow Republican Bought Amid Market Rout?
We recently published a list of . In this article, we are going to take a look at where Lam Research Corporation (NASDAQ:LRCX) stands against other tech stocks that Trump's fellow Republican bought amid market rout.
Keeping track of politicians' stock investments is a good way of determining which stocks may receive favorable policy treatment from the government down the road. By looking at the committees these politicians sit in, and the policy matters they are dealing with, investors can gain insights into what's to follow for certain industries.
The STOCK Act requires these politicians to report their trades within 45 days of placing them. These disclosures are then made public, making the process as transparent as possible. While looking at some recent disclosures, we noticed certain politicians who stood out. One such politician was Trump's fellow Republican Marjorie Taylor Greene, who bought stocks on the 3rd and 4th of April, two days when the S&P lost over 10% of its value!
Some of these stocks have already recovered from their lows hit that day, showing how Ms Greene was able to buy stocks that recovered swiftly despite the broader market continuing to struggle.
To come up with our list of 10 tech stocks that Trump's fellow Republican bought amid the market rout, we looked at the Republican's two recent filings on the 7th and 11th of April, where she reported these trades. We then ranked them by the number of hedge funds that hold the company's stock in their portfolio.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A technician operating an automated semiconductor processing machine with laser accuracy.
Number of Hedge Fund Holders: 84
Lam Research Corporation (NASDAQ:LRCX) plays a critical role in the semiconductor supply chain, offering services such as the design and manufacturing of semiconductor equipment. It mainly covers the regions of North America, Europe, East Asia, and Southeast Asia.
Lam Research (NASDAQ:LRCX) is expected to post very strong earnings this week as the demand for wafer fab equipment has stayed strong, particularly from China. The real question for the company is whether it can manage to stick to the guidance announced previously. The tough macro environment suggests the company is unlikely to improve on its guidance, so it seems to have peaked in that department, something that is keeping the stock under pressure.
Here's what Morgan Stanley analyst Joseph Moore thinks about the upcoming earnings:
'Our view is that the company may be able to guide in-line or slightly better than street expectation, but macro uncertainty is unlikely to lead to street expectations being revised up any further from here, given expectations are already quite high.'
Overall, LRCX ranks 6th on our list of tech stocks that Trump's fellow Republican bought amid market rout. While we acknowledge the potential of LRCX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LRCX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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