At an Aug. 9, 2017, conference, Lam Research (LRCX) management said: “I would say 2017 has been a year of unforecast opportunity.” Could 2017, then, be a year of unforecast risk for LRCX? I believe so.
LRCX released their FY17 10-K on Aug. 15th. Going through it, I noticed a curious new disclosure. It wasn’t there in the latest 10-Q and it wasn’t there in the last 10-K. The new disclosure says:
Strategic investments to encourage local semiconductor manufacturing and supply chain in China could increase competition from domestic equipment manufacturers in China. There can be no assurance that we will continue to compete successfully in the future.
The language used in the 10-K is clearly more negative than the positive spin on China by the CEO during LRCX’s latest earnings call on July 26:
we believe that China is an increasingly important part of the industry measured by the level of spending. Today, spending in China is dominated by the global player presence in China, but this is a year where there is a foundry DRAM and flash investments by the domestic Chinese community.
Best Safest Stocks To Watch Right Now: Patni Computer Systems Limited(PTI)
- [By Lisa Levin]
Proteostasis Therapeutics Inc (NASDAQ: PTI) shares shot up 162 percent to $6.16 after the company disclosed 'positive' PTI-428 data with statistical significance.
- [By William Romov]
Before we show you our pick, here are the top 10 penny stocks to watch this week
Penny Stock Current Share Price Nov. 27-Dec. 1 Gain (as of Dec. 1)
Pyxis Tankers Inc. (Nasdaq: PXS) $4.10 122.83%
Ohr Pharmaceuticals Inc. (Nasdaq: OHRP) $1.28 68.42%
Cerecor Inc. (Nasdaq: CERC) $1.74 47.46%
Proteostasis Therapeutics Inc. (Nasdaq: PTI) $2.52 37.71%
UT Starcom Holdings Corp. (Nasdaq: UTSI) $5.20 37.20%
WMIH Corp. (Nasdaq: WMIH) $0.96 33.46%
PhaseRx Inc. (Nasdaq: PZRX) $0.90 30.29%
Bellerophon Therapeutics Inc. (Nasdaq: BLPH) $2.04 29.94%
EV Energy Partners LP (Nasdaq: EVEP) $0.86 27.76%
Catalyst Pharmaceuticals Inc. (Nasdaq: CPRX) $4.40 25.71%
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Best Safest Stocks To Watch Right Now: Camping World Holdings, Inc. (CWH)
- [By Elizabeth Balboa]
Supply could come from any number of industry players, including Winnebago Industries, Inc. (NYSE: WGO), Thor Industries, Inc. (NYSE: THO), Polaris Industries Inc. (NYSE: PII) and Camping World Holdings Inc (NYSE: CWH). However, whether it comes from existing inventory and whether suppliers can meet the demand are yet to be seen.
- [By Benzinga News Desk]
Camping World's (NYSE: CWH) analyst quiet period has ended. So far, it has received coverage form four analysts.
Sell-Side's Most Noteworthy Calls
Morgan Stanley downgraded Juniper (NYSE: JNPR) to Underweight.
Guggenheim downgraded MasterCard (NYSE: MA) to Neutral.
Imperial Capital upgraded Allegion (NYSE: ALLE) to Outperform.
Summit Redstone upgraded VMware (NYSE: VMW) to Buy.
Oppenheimer started Twilio (NYSE: TWLO) at Outperform.
Cipher Pharmaceuticals (NASDAQ: CPHR) is said to have hired an investment bank to explore strategic alternatives, according to sources as reported by Reuters on Monday. The sources said a potential sale of the Canada-based company is being considered. Cipher declined comment on the report.
Best Safest Stocks To Watch Right Now: PHI, Inc.(PHIIK)
- [By Jim Robertson]
On Thursday, our Under the Radar Moversnewsletter suggested shorting small cap offshore oil and gas services stock PHI Inc (NASDAQ: PHIIK):
We’re a little bit late to the party here, but that’s ok – there’s still some meat left on the bone, so to speak. Were looking for the stock to continue on to the lower edge of a long-term (and bearish) trading range that should allow it to peel back to at least the lower $12’s. We’ve see PHIIK shares tumble with great speed and distance a couple of times already, and we’re about halfway through round three.
Best Safest Stocks To Watch Right Now: China Jo-Jo Drugstores, Inc.(CJJD)
- [By Jim Robertson]
Today, our Under the Radar Moversnewsletter suggested small cap Chinese retail pharmacy stock China Jo-Jo Drugstores (NASDAQ: CJJD) as a bullish long trade: