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-0.00255174369152264 0.000844910688970842 0.000850581230507546 -0.00184292599943308 0.00510348738304507 0.00850581230507505 0.0106322653813439 0.00942727530479149
Stock impact report

Franklin DynaTech SMA Q3 2024 Commentary [Seeking Alpha]

Lam Research Corporation (LRCX) 
Last lam research corporation earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lamresearch.com
Company Research Source: Seeking Alpha
The DynaTech strategy's 3Q24 results versus the Russell 1000 Growth Index were hindered by stock selection and allocation decisions across the portfolio. Buoyed in part by the Fed's recent 50-basis point rate cut, we think the economy's solid 2024 performance is likely to extend into 2025. Performance Review Global equities ended the third quarter of 2024 (3Q24) collectively higher as they recovered from bouts of heightened volatility, including a market selloff in early August following an interest rate hike by the Bank of Japan, as well as the release of a weaker-than-expected employment report in the United States, which led to recession fears. However, stock markets rebounded as resilient economic reports and a continued disinflation trend in the United States reignited hopes for an economic soft landing. Interest rate cuts by the US Federal Reserve (Fed), the European Central Bank, the People's Bank of China and other central banks further bolstered equities worldwide. As Show less Read more
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