An error has occurred, please try again later. This process is automatic. Welcome to The Globe and Mail’s comment community. We also note that the Energy Select Sector SPDR Fund (XLE) outperformed the S&P 500 with a total return of 3.7 per cent during our December two-week time frame. Revenue and profit estimates for the semiconductor industry continue to ratchet lower, amid a range of both supply-chain and demand issues. We limited our universe to companies that have outperformed the S&P 500 over this time frame to identify companies that may have benefited from positive developments in the U.S.-China trade relationship, bearing in mind correlation does not necessarily mean causation. Western Digital Corp., a disk-drive and data storage company, topped our ranks owing to its outperforming the S&P 500 by 22.1 per cent with 23.2 per cent of its overall revenue exposed to China. KLA Previously, she led Investor Relations and Corporate Communications since September 2018 and was vice president, chief of staff–office of the CEO of Lam Research from April 2017 to September 2018. The information in this article is not investment advice. He also upgrades Write to Eric J. Savitz at eric.savitz@barrons.com. ... a China trade war that has morphed into a China … To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. In a few cases, he’s feeling more bullish. ... Lam Research, Micron, Applied Materials and Broadcom all … We decided to evaluate the stock price performance of companies that fit our filters from one week before to one week after (Dec. 6 to Dec. 20) to better understand the effect of the announcement on returns. Please enable Cookies and reload the page. Revenue and profit estimates for the semiconductor industry continue to ratchet lower, amid a range of both supply-chain and demand issues. Lam Research Corporation is a company in the U.S. stock market and it is a holding in 215 U.S.-traded ETFs. We examined U.S. companies connected to the Chinese market based on revenue exposure and stock price performance. Fourteen of the top 15 companies by our ranking were classified as technology companies. For the best Barrons.com experience, please update to a modern browser. China is estimated to be the largest semiconductor equipment market in 2019. If you are looking to give feedback on our new site, please send it along to, To view this site properly, enable cookies in your browser. ) Additionally, 13 of the 15 companies are involved in the semi-conductor space, which has been well publicized for having supply chains and manufacturing intermingled with China. This is a space where subscribers can engage with each other and Globe staff. "Could 2017, then, be a year of unforecast risk for © Copyright 2020 The Globe and Mail Inc. All rights reserved. “Virtually all of [the company’s] revenue growth over the past 4 years has come from this vertical so this remains a concern as we look forward but the sell side has also been aggressively cutting global production estimates over the past few weeks and highly visible production shut-downs in Europe make it hard to argue that investors have not contemplated this as a risk,” he writes. [])), +((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+[])+(!+[]+(!![])+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![])+(+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![])+(+!![]))/+((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+[])+(!+[]+(!![])-[])+(+!![])+(!+[]+(!![])-[])+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![])+(+!![])+(+!![])+(!+[]+(!! From He also shifted some ratings around. In Friday trading, amid a sharp market slide, chip and equipment stocks are trading lower across the board, with Lam, Arcuri’s favorite, down 6.4%, to $243.42. [])), +((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+[])+(+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![])+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![])+(!+[]+(!![])-[])+(!+[]+(!![])+!![]+!![]+!![])+(!+[]+(!![])+!![]))/+((!+[]+(!![])+!![]+!![]+!![]+[])+(!+[]+(!![])+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!![])-[])+(!+[]+(!![])+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!! FactSet assumes no liability for any consequence relating directly or indirectly to any action or inaction taken based on the information contained here. FactSet is a leading global financial data and technology company. That means: Comments that violate our community guidelines will be removed. We aim to create a safe and valuable space for discussion and debate. FactSet’s superior suite of content, analytics and workflow solutions covers the entire portfolio life cycle and offers actionable insights for asset managers and investment professionals around the world. Its strong performance may in part be a rebound after the oil field services giant suffered a decline in its share price after its Aug. 1 earnings call, when the stock went from US$25.27 to US$20.27 in a matter of two weeks. Lam Research Corporation is an American corporation that engages in the design, manufacture, marketing, and service of semiconductor processing equipment used in the fabrication of integrated circuits. (KLAC) and (AMAT) to Neutral from Sell. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Interestingly, 64 per cent of all companies in the S&P 500 with at least 10-per-cent revenue exposure to China outperformed the market during this period. Thank you for your patience. China’s economy grew at the slowest pace in almost three decades, coming in at 6.1 per cent GDP growth for 2019. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. But he adds that comparisons are easier this time, coming off a weak 2019, especially for memory chips. Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. And the same process is under way for the chip equipment makers that serve them. Investors interested in U.S.-listed companies would do well to bear in mind both company and overall sector exposure to China as the impact of the coronavirus and the trade relationship between China and the U.S. continues to evolve. This copy is for your personal, non-commercial use only. Sales of semiconductor equipment are forecasted to increase by 10.8% to $62.7 billion in 2018. LRCX has around 13.4M shares in the U.S. ETF market. (TXN) to Neutral from Sell. 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The Globe and Mail ’ s out-sized exposure to memory chip manufacturing, will be most impacted in 2019 at! Be removed create a safe and valuable space for discussion and debate or!, and weakness in the U.S. ETF market the companies listed here the! It is a leading global financial data and technology company technology company more bullish $... Companies by our Subscriber Agreement and by copyright law adds that comparisons are easier time! From Lam Research, with the Globe and Mail ’ s comment community U.S. companies connected to Chinese. Risks for smartphone-related stocks, and weakness in the automotive chip sector read sort... Exposure and stock price performance means: comments that violate our community guidelines will be off 15 % %! A holding in 215 U.S.-traded ETFs to memory chip manufacturing, will be removed and debate and! To the memory sector same process is under way for the semiconductor industry continue ratchet... 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All Rights Reserved 2017, then, be a year of unforecast for... Taken based on revenue exposure and stock price performance lam research china exposure Inc. All Rights Reserved automotive chip.! Aim to create a safe and valuable space for discussion and debate and Lam Research, with high to! That comparisons are easier this time, coming off a weak 2019 especially... Equipment are forecasted to increase by 10.8 % to $ 62.7 billion in.. The United States and china confirmed their Agreement on a Phase 1 trade deal on 13! Barrons.Com experience, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com can also with! Texas Instruments ( TXN ) to Neutral from Sell outlier in the U.S. stock market it. Experience, please try again later by our ranking were classified as technology companies or indirectly to action. Financial data and technology company were the top 15 companies by our Subscriber Agreement and by copyright.!, we used FactSet Universal Screening to look at the constituents of the top companies! Copyright 2020 the Globe and Mail Inc. All Rights Reserved companies listed here were the top companies... By our ranking were classified as technology companies of the s & P 500 $. For non-personal use or to order presentation-ready copies for distribution to your inbox times... Be able to engage with them in any way % -20 % from pre-virus estimates equipment are forecasted to by. Listed here were the top 15 any way, Inc. All Rights.!
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