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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (11457)	6/25/2021 3:50:00 PM
From: Kirk ©	Respond to of 26769

LRCX & SIMO mentions at SA: Seeking Alpha Catalyst Watch Jun. 25, 2021 3:30 PM ET By: Clark Schultz, SA News Editor 1 Wednesday - June 30 4:30 p.m. Micron (NASDAQ: MU) holds its earnings call. JPMorgan thinks execs could tip off a follow-through on the strong DRAM and NAND pricing trend, even with some shipping constraints in place. A couple of Micron suppliers to watch are Silicon Motion Technology (NASDAQ: SIMO) and Lam Research (NASDAQ: LRCX). SIMO generates 24% of its revenue from Micron and shares move in tandem with it 88% of the time on Micron earnings days. LRCX brings in about 11% of its revenue from Micron and also moves up or down with it on earnings day 88% of the time.