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Apr.28
8:16 PM ET
Tuesday, 28 Apr 2009
Mad Mail: Biz Cycle Driving Chip Stocks
Posted By:Tom Brennan
Topics:Technology | Stock Market | Stock Picks | Mad Mail
Sectors:Technology
Companies:Novellus Systems Inc | KLA-Tencor Corp | Lam Research Corporation
 |
] miss earnings last week by 7.5%, shoot up 7% on a generally down day in the market with about two times average daily volume while the sky is falling with swine flu? Is this a sign the institutions are "all in," and I can safely buy now? Or is this the end of its run up from $18? --RayCramer says: “Obviously there was an earlier time to get in. Some people will continue to get in as we see better and better numbers. There is a bottom in the semiconductor industry, so soon there’ll be a bottom in semiconductor equipment. It always happens. It’s why KLA Tencor [KLAC
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] is a buy…It’s why Novellus [NVLS
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] is a buy. And I don’t like those companies. But that’s what happens at this point in the cycle.”
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TOPIC : Technology
TOPIC : Stock Market
TOPIC : Stock Picks
SECTOR : Technology
COMPANY : Novellus Systems Inc
COMPANY : KLA-Tencor Corp
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