TSLA, LRCX, TSMC Stock Earnings and Trend Analysis

Companies / Tech Stocks Nov 26, 2023 - 09:31 PM GMT

TSLA $255 AMC - EGF -15% / 2% PE 64, 9% Range

The EV Hype Master with a market cap greater than all other motor corps put together is primed to take a big plunge on earnings which could mark a trend that takes Tesla below $200. There just isn't the growth to justify a PE of 64. Compare ASML's metrics to that of TESLA, half the valuation for far higher growth which is because of TSLA hype. So Tesla should break it's August low to target sub $200, and could go as low as $175.

Lam Research AMC $645- EGF -29% / -11% PE 19, 73% Range

Very bad metrics are setting the scene for a potential sharp drop in the price of Lam Research into and on earnings, i.e. a break below $600 to target $550 which would be a 15% drop off the current price. Yes there is always a chance of an earnings surprise but without the benefit of hindsight I aim to capitalise on a break below $600, the stock has had a spectacular bull run off it's $295 low, all the way to high of $725 against which a drop to at least $550 is possible.

Thursday 19th Oct

TSMC $90,5 - AFMC - EGF -24% / -12% PE 15.3, 53% Range

TSMC bounced from $85 to $94 and given bad EGF's is primed to revisit the $85 low on earnings. Downside should be limited given that the stock has already fallen by 23% off it's $110 high, though a break of $85 would target $80.

Tech Stocks trading in or very near buying ranges, in portfolio order.

TSMC
Qualcom
ASML
PFE
RTX
UKW.L
ARW
On Semi
MED
CRUS
HPQ
BIDU
PRX
INMD
ULH

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S&P

Targeting 4600 Mid Summer 2023 Top followed by correction to below 4150 into October 2023.

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By Nadeem Walayat

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Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

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