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Fly News Breaks for September 28, 2015
AMAT, LRCX
Sep 28, 2015 | 09:16 EDT
Goldman said the month-to-date correction in semiconductor production equipment stocks id a buying opportunity. The firm believes the correction has been driven by concerns Samsung and Hynix will both have weaker 2016 capex. Goldman believes the group is ore than pricing in potential estimate cuts and recommends buying Lam Research (LRCX) and Applied Materials (AMAT).