Here’s My Top Stock to Buy in June
Looking to put new money to work today? It's not an easy task to find great values. The COVID-19 pandemic is wreaking havoc on many businesses related to travel and leisure, or anything that really depends on leaving the house. In addition, mass furloughs could lead to a recessionary mindset and decreased spending.
Yet stocks have already rallied strongly from the March lows, as massive government stimulus measures and a decrease in new COVID-19 hospitalizations have brought lots of optimism to the market. And if a certain company makes products or services that benefit from either the digitization of business or the stay-at-home economy, its stock is likely higher than when the year started!
So, are there any stocks left that still cater to these next-generation technologies, yet haven't yet fully recovered from the March plunge? These days, I've been looking at memory stocks, some semiconductor stocks, and semiconductor equipment stocks. Among them, my top pick for June is semicap equipment supplier Lam Research (NASDAQ: LRCX).
Source Fool.com
