If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.

Let's now take a look at one standout stock that could be a perfect fit for your portfolio.

Why You Should Pay Attention to Lam Research (LRCX)

Headquartered in Fremont, CA, Lam Research Corporation supplies wafer fabrication equipment and services to the semiconductor industry. In addition, it serves the related markets that rely on semiconductor processes and require production-proven manufacturing capabilities, such as complementary metal-oxide-semiconductor image sensors and micro-electromechanical systems (MEMS).

Since being added to the Zacks Focus List on December 5, 2016 at $10.05 per share, shares of LRCX have increased 681.19% to $78.51.

Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0 to $3.52. LRCX boasts an average earnings surprise of 7.4%.

Additionally, Lam Research's earnings are expected to grow 17.7% for the current fiscal year.

Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like LRCX offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.

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Lam Research Corporation (LRCX) : Free Stock Analysis Report

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