Diamonds and Dogs

7/7/17

Lam Research (LRCX) keeps surging. The chip equipment maker is up 3% today thanks to an upgrade at Morgan Stanley. Lam Research is up over 50% in the last year due to strong capital spending in both semiconductor and display or phone companies. The investment cycle has been particularly strong thanks to a boon in memory chips and phones switching to new OLED technology. Morgan Stanley's price target is $168 a share.

Gold (GLD) falling to an eight-week low. The decline in gold has come as the equity markets rebounded along with the US dollar. Precious metals and the US dollar are significantly inverted related since the metals are dollar-denominated assets. The bromance developing between Trump and Putin isn't helping gold either.

Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.