Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Return to Sender who wrote (17631)	12/18/2023 12:56:08 AM
From: George Statham	Read Replies (2) \| Respond to of 26505

Well, it's not my work. Kirk just thought I should post it. In the past, I'd thought about using your BP SOX data to draw charts. That was what Kirk was originally after. Do you have some easy way of determining what's a P&F buy or do you just eyeball each chart? If the data is easily accessible, it could either be used for stockcharts user defined indexes or just manually build charts. I see 96 stocks in the $djussc index so that's close. stockcharts.com

To: Return to Sender who wrote (17631)	12/18/2023 10:13:26 AM
From: Kirk ©	2 Recommendations Recommended By George Statham Return to Sender Read Replies (1) \| Respond to of 26505

Interesting research firm with a large staff.... I guess "the market" finally figured out what I've been writing for decades that analysts at investment banks should be considered as "used stock certificate salesmen (women)" rather than people who are giving away good, free advice. I just wonder why they are only NOW at $760 they are initiating Lam with a PT of $790 when just about a year ago I was adding at only $305... I last added at $611 and then took profits AGAIN at $720... Maybe this is a veiled sell signal or warning? New Street Research initiates PT for KLA, Lam Research, Tokyo Electron Dec. 18, 2023 9:49 AM ET ASML Holding N.V. (ASML) Stock, AMAT Stock, KLAC Stock, LRCX Stock, TOELY Stock By: Vansh Agarwal, SA News Editor New Street Research expects wafer fab equipment spending to outgrow the wider semiconductor industry and reach $150 billion at the peak of the next cycle, in the 2028-2030 time period. Moving forward, advanced packaging will become a crucial driver of performance improvement and growth. The investment firm initiated chip manufacturing equipment suppliers, KLA (NASDAQ:KLAC) with a PT of $730, Lam Research (NASDAQ:LRCX) with a PT of $790, and Tokyo Electron (OTCPK:TOELY) with a ¥22,600 PT. Brokerage maintained its PT for chip toolmakers Applied Materials (NASDAQ:AMAT) and ASML Holding (NASDAQ:ASML). According to New Street Research, wafer fab equipment spending is on track to hit $95 billion in 2023, slightly down from 2023, with a muted outlook for 2024 and 2025. Brokerage sees 2024 spending of $94 billion and $100 billion in 2025. "A gradual recovery in memory and leading-edge logic won’t be enough to offset a correction at the trailing edge, where we see strong signs of overinvestment," the brokerage noted. New Street Research believes KLA has room to outperform in the near-term, combining the lowest exposure to the trailing edge and the highest exposure to the leading edge and DRAM. Brokerage expressed cautiousness on ASML, AMAT and TEL, noting they have higher exposure to the trailing edge. LAM is primarily exposed to memory, but the early recovery is reflected in expectations already. Brokerage expects all five companies to maintain a balanced exposure to secular growth, along with strong pricing and earnings power, growing revenues 9-11% and EPS 13-15% p.a., across a full cycle. From seekingalpha.com