Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi, Would like your thoughts on ASML. Surprising that the stock has decreased in value in the last 6 months, considering the demand for their product. Would this be a good opportunity to accumulate? Appreciate your insight. Liz.
Hi Liz,
Unfortunately, while increased demand for a company’s product creates a tailwind for earnings it far from guarantees the stock will rally, just think lithium over recent months.
In the case of Dutch Company ASML, who makes the extreme ultraviolet (EUV) lithography machines that are critical for manufacturing advanced semiconductors, the stock has struggled of late on concerns the chip-equipment maker may face cuts to orders of 20-30% next year. i.e. stocks price the future, not the now. We are neutral at this stage until we see further signs from leading indicators on future demand.
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