5 Stocks That Won't Bounce Back in 2013
Advanced Micro Devices (NYSE: AMD ) : Off 57% in 2012.
I have an inherent instinct to root for the underdog, so I have routinely cheered on AMD as the spunky company that's always given Intel (NASDAQ: INTC ) a run for its money when it comes to microprocessors.
The problem these days is that folks are moving away from the desktops and laptops that put AMD on the map, and it hasn't been as successful in transitioning to the booming smartphone and tablet markets of today.
The outlook isn't every encouraging. AMD will post a loss this year, and analysts see the deficit widening next year. We're talking about a company where revenue is declining at a double-digit pace.
Analysts can't seem to get pessimistic fast enough. The pros have badly overestimated AMD's bottom line
in each of its two previous quarters. These same analysts don't see a return to profitability until 2015, but will AMD hold out that long?
Sentiment: Strong Sell