1 Top Growth Stock Down 30% to Buy Hand Over Fist Right Now
After a promising performance in the first half of the year, Lam Research (NASDAQ: LRCX) stock has been in the doghouse lately. It's lost 30% of its value since hitting a 52-week high on July 11, but the company's latest results indicate this pullback could be a buying opportunity.
Lam released fiscal 2024 fourth-quarter results (for the three months ended June 30) on July 31, and its numbers were well ahead of analysts' expectations. More importantly, the semiconductor manufacturing equipment supplier's guidance also bested Wall Street's outlook.
Let's take a closer look at Lam's latest results and find out why it's a good idea for investors to take advantage of the stock's recent pullback.
Source Fool.com
