Advanced Micro Devices (AMD) is up this morning after rising more than 13% yesterday. Word is that Microsoft will be using an AMD processor for its new Xbox gaming console. The current Xbox uses an IBM chip. AMD is also working with Sony for its upcoming Playstation-4. AMD is still trading at just 1/3 of where it was a year ago.
Next up we have Ford (F), which has announced that its Focus was the world's top-selling car in 2012. Shares were up nearly 3% yesterday ahead of the announcement. We'll have to see which way they move today. Ford says sales were boosted by demand here at home and in China where the Focus was introduced last March. Ford is off its 52-week highs, but doing much better than it was last summer.
Monster Beverage (MNST) has been moving higher. The company has announced a new 200-million dollar share repurchase program. In addition, analysts at Wells Fargo says there's still plenty of room for revenue growth. Monster is down sharply since last summer on reports that its energy drinks have been linked to deaths. Last month Monster decided to market its products as beverages instead of dietary supplements to cut down on regulation.
Finally, there's a ray of hope for Suntech (STP) the bankrupt solar manufacturer. Shares jumped more than 15% yesterday on word that Warren Buffett may want to buy the company. Suntech is based in China. It defaulted last month on a bond payment of more than 1/2 billion dollars. Even with yesterday's climb it's trading at under 50-cents a share and currently has a market cap of just $87 million-- pocket change for Buffett.
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