|Bid||41.17 x 3100|
|Ask||41.18 x 3000|
|Day's Range||41.06 - 42.94|
|52 Week Range||16.03 - 42.94|
|Beta (5Y Monthly)||3.08|
|PE Ratio (TTM)||215.45|
|Earnings Date||Jan 27, 2020 - Jan 31, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.96|
Futures: The China trade deal is good news for the stock market rally. But which groups will join Apple, and chip stocks like AMD as market leaders?
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included the electric vehicle leader and the result of a re-merger. Bearish calls also included entertainment ...
The new device is a thick-looking brick that promises to be a major step up from the Xbox One. It looks more like a PC tower than a console, and that’s great for its performance prospects.
Amazon had a big week with government issues, a host of new deals and announcements at its annual conference and developments in India.
Shares of American Micro Devices (NASDAQ:AMD) were up over 7.7% in late-day trading on Dec. 12. Investors were cheering an "agreement in principle" in the U.S.-China trade war. The hope is two-fold.Source: Joseph GTK / Shutterstock.com First, they hope the Trump administration will suspend the additional tariffs scheduled to go into effect on Dec. 15. Second, they hope this news would lead to the signing of the long-awaited Phase One deal between the two super powers. * These 7 S&P 500 Stocks Will Deliver a Repeat Performance in the Next Decade Investors have every right to celebrate this news. After all, the trade war has held the market for over a year. Every new headline or tweet adds volatility to the market. And for good and bad, you can see this reflected in the stock price of American Micro Devices.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut I would caution investors from trading this news too much. It appears that much of the good news is already baked into the company's stock price. Investors Trading the NewsTrading the news is a common strategy that investors apply as a hedge against periods of market volatility. The bear market spawned by the dot-com collapse and then the Great Recession made even the most ardent buy and hold investors look for ways to protect their portfolios against market downturns. And there's plenty of evidence that proves this has been exactly the case with American Micro Devices.For instance, on Tuesday, June 25, shares of American Micro Devices were trading at $27.58. The next day, the United States and China agreed to a tentative truce in advance of continuing negotiations. The stock jumped up to $29.92.The stock climbed even higher to $34.39 on Monday, July 15. The very next day, President Donald Trump threatened additional tariffs on $325 billion of Chinese goods, and American Micro Devices stock fell to $33.85 on its way to a low of $27.99 on Monday, Aug. 5 in the wake of a so-so earnings report.Here's another example: On Oct. 10, American Micro Devices was trading at a two-month low of $28.38. The next day, President Trump announced the "Phase One" deal and the stock shot up. Why Does This Matter?I know that many of you may say "so what?" Semiconductor stocks are notoriously volatile. I don't disagree. But the thing is, as volatile as semiconductor stocks can be, they're also fairly predictable. The stock price of most semiconductor stocks is based largely on the laws of supply and demand.But shares in American Micro Devices are up over 124% in 2019. And that can't all be because of their new 64-core Ryzen Threadripper 3990x chip. It also can't be explained completely by development issues at rival Intel (NASDAQ:INTC).And that gets to the real concern about the company's valuation. Right now investors are paying approximately 67 times earnings for the stock. That makes observers wonder how much growth the stock price can support. And if that doesn't concern investors, consider that American Micro Device's stock price is almost exactly where it was before the dot-com bubble burst.All of this suggests that the stock may have to fall despite the encouraging news. Can anyone say irrational exuberance? Fade the News About the Trade War"Those who fail to learn the lessons of history are doomed to repeat them." This is a quote attributed to a number of people, but there is a takeaway for American Micro Devices investors.Trading the news can be an effective trading strategy for both day traders and long-term investors. However, when a stock is getting out over its skis, it may be time to pump the breaks. Right now, the trade war has decoupled American Micro Devices from its fundamentals.Is the stock likely to grow modestly in 2020? There's plenty of evidence to suggest that it will. But it may not be the kind of growth that investors expect. It may be time to fade the news and let the fundamentals of the stock take over.As of this writing, Chris Markoch did not have a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * These 7 S&P 500 Stocks Will Deliver a Repeat Performance in the Next Decade * 7 Tech Stocks to Stuff Your Stocking With * 7 Sinfully Good Casino Stocks That Could Win the Jackpot in 2020 The post Trading on the News Adds a Risk Premium to Shares of American Micro Devices appeared first on InvestorPlace.
AMD (AMD) today announced that it has joined the Blockchain Game Alliance (BGA) and forged partnerships with leading technology providers to help promote the development and proliferation of new blockchain-powered gaming platforms. The Blockchain Game Alliance is committed to driving awareness and adoption of blockchain technologies within the game industry, providing an open forum for individuals and companies to share knowledge and collaborate, create common standards, establish best practices, and network. As the first major hardware manufacturer to join the BGA, AMD plans to enable alliance members with efficient and high-performance computing technologies for next-generation blockchain-based gaming platforms that could potentially transform the way games are created, published, purchased and played.
Advanced Micro Devices (NASDAQ:AMD) stock now faces another critical test. After Advanced Micro Devices stock broke through its stubborn price ceiling, the owners of AMD stock must now contend with the issue of the company's China business.Source: JHVEPhoto / Shutterstock.com Given AMD's potential profit growth, its current valuation may seem low.However, a breakdown of U.S.-China relations could destroy the bullish investment thesis on AMD stock. So though AMD may have somewhat priced in its current geopolitical challenges, investors need to be cautious about AMD stock. Advanced Micro Devices Stock Is Not ExpensiveAMD stock trades at a forward price-earnings (PE) ratio of just under 36. Analysts, on average, expect its earnings to increase 36%.49% per year over the next five years. That implies a price-to-earnings-to-growth (PEG) ratio of around one, indicating that AMD is worth buying.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, in a column published last month, I stated that the near-term prospects of AMD stock would hinge on U.S.-China relations. As long as there is no signed trade agreement between the countries, I remain cautious on AMD's China business. So investors must decide whether the PEG ratio of around one prices the China-related threats into Advanced Micro Devices stock.I would argue that it does. U.S.-China Relations Remain TenuousOptimism from the White House or proclamations that we're "on the verge" of a deal mean nothing. Hope won't do much for the top line of AMD. Moreover, even after the U.S. and China sign an agreement, it may have limited value, as time will tell whether the countries will actually honor the trade pact. * 7 Game-Changing Tech Stocks to Buy Now Furthermore, President Trump signed two bills backing the Hong Kong protesters. He did that over the objection of China's President Xi. Moreover, President Trump still plans to impose a 15% tariff on $160 billion of Chinese goods beginning Sunday. Although we have some indications that these tariffs will be delayed, they add to the uncertainty facing Advanced Micro Devices stock. Worst-Case Scenarios Do Not Appear LikelyStill, even if the reported agreement in principle between China and the U.S, falls through, I do not see a full-blown trade embargo between the U.S. and China as likely.Both economies depend heavily on one another. In the semiconductor industry, AMD is hardly the only company that depends on China for revenue. Almost every major chip maker --Intel (NASDAQ:INTC), Nvidia (NASDAQ:NVDA), Qualcomm (NASDAQ:QCOM), and many others--all depend heavily on China.Still, Goldman Sachs estimates that about 26% of AMD's revenue comes from China. If that revenue falls sharply or disappears, most of the growth that AMD has achieved under the leadership of CEO Lisa Su would not be eliminated. However, the bullish investment thesis on Advanced Micro Devices stock would be torpedoed.If AMD's profit growth falls to average or below-average levels following difficulties with China, its forward P/E ratio of almost 39 would become high. Less than one year ago, the AMD stock price fell as low as $16.03 per share amid a sharp decline of tech stocks. A similar scenario could unfold again.However, if trade relations improve, both AMD's profit growth and Advanced Micro Devices stock could both move much higher. AMD stock price could face some resistance as it retests the dot-com bubble high of $48.50 per share. However, AMD's low PEG ratio indicates it could rise above the $50 per share mark under the right conditions. Consequently investors who want to buy AMD stock can cautiously proceed. The Bottom Line on Advanced Micro Devices StockRisk-averse investors can buy Advanced Micro Devices stock but should proceed carefully. AMD's PEG ratio makes it looks like a bargain. As massive earnings growth continues under the leadership of Lisa Su, AMD's forward PE of almost 39 seems justified.However, the company also depends heavily on China. The outlook of the trade agreement appears uncertain, and the positive investment thesis on Advanced Micro Devices stock could be destroyed if U.S.-China trade relations deteriorate.As things stand now, figuring out whether AMD stock will retest its 2018 lows or break through its dot-com-bubble high has become more difficult. However, at a PEG ratio of about one, taking a chance at this point could be worthwhile.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Worst Dividend Stocks of the Decade * 7 Game-Changing Tech Stocks to Buy Now * 5 Chinese Stocks to Buy for the Big 2020 Rebound The post Advanced Micro Devices Stock Is a Bargain, But It Still Faces China Risks appeared first on InvestorPlace.
Intel (NASDAQ:INTC) has had a strong few months. On Aug. 23, Intel stock was $44.80. Then on Nov. 26, Intel shares hit a recent high of $59.13. Year-to-date, the stock is up over 20%.Source: Kate Krav-Rude / Shutterstock.com I do not expect Intel share price to go and stay over $60 in the near-term. However, long-term investors may consider adding Intel stock to their portfolio at every dip.On Oct. 24, Intel stock reported Q3 earnings. Revenue of $19.2 billion set a new record and exceeded July 2019 guidance.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn other words, management smashed revenue estimates by about $1.1 billion as the Street expected $18.05 billion in sales. Adjusted earnings per share hit $1.42, up 1%.Intel reports earnings by two main segments: client computing group (CCG) and data center group (DCG).CCG is PC-centric and includes Intel's PC and mobile-device chip business. The central processing unit (CPU) is the "compute" in the computer. Intel's CGC segment makes the CPUs. * The 10 Worst Dividend Stocks of the Decade The chip giant highlights that the DCG segment "is at the heart of [the] transformation from a PC company to [one that] powers the cloud and billions of smart, connected computing devices." Going forward, DCG is expected to be the company's main growth engine.Revenue growth was driven by record data-centric revenue, which grew 6% YoY and hit $6.4 billion. On the other hand, PC-centric revenue of $9.7 billion declined 5% YoY.Management also increased full-year revenue outlook to $71 billion, up $1.5 billion from July guidance. Management Is Transforming IntelIntel designs and manufactures advanced integrated digital technology platforms. It works with companies to produce needed technology like integrated circuits for computing and communication.It controls nearly three-quarters of the CPU market, and Intel processors are the main component -- "Intel Inside" -- in most of the world's personal computers and servers.Yet, the worldwide PC market, which is also Intel's core market, has been at best flat for the past few years. Indeed PC sales are expected to drop about 2% in 2019. And smartphones and cloud have been disrupting this segment.Over the past few years, the decline of PCs has also affected Intel stock price as until recently the shares failed to make new highs but instead traded in a rather tight range.As a result, secular headwinds faced in the PC markets now Intel management is increasingly on a mission to redefine the company and restructure itself to better match the needs of customers and the growth in data.We are all witnessing the fact that computing is increasingly becoming personal and incorporated into many more aspects of daily life. Recent technological advancement can be summarized by growth in data centers, Internet of Things (IoT), and memory. Memory complements data centers and IOT, enabling systems to be faster.Intel currently holds over a 90% share of the data center server market, which has been a consistent growth driver for the company.In Q3, IoT generated $1 billion in revenue, up 9%. Mobileye revenue was $229 million, up 20%. Intel's memory business generated $1.3 billion, up 19%, and programmable chips hit $507 million, up 2%.As the world becomes more connected and focuses on smart devices, there will likely be more demand for data and connectivity to devices, fueling growth in Intel's DCG segment and possibly stock price. Short-Term Headwinds for INTC StockSlow growth: Despite the overall quarterly revenue growth, I'd like to remind our readers that Intel's PC business suffered from lower volume and reported a 6% drop in earnings. In the first half of the year, Intel had reported weakness in its data center business and in Q2 business had seen a 10% drop for sales of chips for data centers.Although Q3 numbers alleviated some of the fears in DCG, long-term investors may want to see the next quarterly report to appreciate the trend in both business segments.Competition: If you are shopping for a windows-based PC or laptop, you will notice that there are only two real choices for the CPU, i.e., manufactured either Intel or Advanced Micro Devices (NASDAQ:AMD).In Q3 2019, AMD had 18% of the desktop CUP market and 14.7% in laptop chips. AMD's numbers have on the rise, thanks to its recently introduced Ryzen CPUs.Many analysts predict that the group is likely to continue to claw away market share from Intel in the coming quarters, too. However, it is also important to remember that AMD is still rather small in comparison to Intel.Trade wars: Tariff wars have been lingering over the broader markets and affecting investor sentiment for almost two years. Unless there is a delay or another development, as of Dec. 15, the U.S. will levy a 15% tariff on around $160 billion of Chinese products, including electronic devices such as smartphones and laptops.If the current tense rhetoric between the two countries continues, then Intel stock is likely to be adversely affected too. Technical Charts for Intel Stock Urge CautionDue to the recent impressive run-up in the INTC stock price, short-term technical indicators have become somewhat overextended. Investors who pay attention to short-term oscillators should note that MSFT also looks "overbought."From a technical perspective, I am not expecting Intel stock to make a significant leg up any time soon. Instead, in the coming days, there might be some profit taking. It's likely that a lot of good news has already been priced into the Intel share price.If you still believe in the long-term bull case for INTC stock, you might consider waiting for a better time to get long, such as around low-$50 or even high-$40 levels.Expect nearer-term trading to be choppy at best, possibly until the next quarterly report that is expected in January 2020. The Bottom Line on Intel StockMany investors would like to see Intel's technological innovations to increase its ecosystem in diverse growth segments, including artificial intelligence (AI), 5G and autonomous driving (AD). These emerging sectors all require data in enormous quantities and at extremely high speeds.As Intel re-orients itself to rely less on PCs and improves its revenue model to capitalize on the growth of the data business globally, INTC stock price is likely to increase in the new decade, too.However, in the next few weeks, there may be some profit-taking in Intel shares. Therefore if you already own Intel shares, you may either consider taking some money off or hedging your positions.Those who do not currently own Intel shares may regard any drop in price to go long INTC stock. And anyone who buys can also enjoy dividend income, which now stands at a yield of 2.2%.As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Worst Dividend Stocks of the Decade * 7 Game-Changing Tech Stocks to Buy Now * 5 Chinese Stocks to Buy for the Big 2020 Rebound The post Intel Stock Is Topping out for Now, but It Definitely Is a Buy on the Dip appeared first on InvestorPlace.
The stock market zoomed ahead Thursday before falling back late, after President Trump tweeted that a Phase 1 U.S.-China trade deal is "Very close."
Advanced Micro Devices is the IBD Stock Of The Day as the chipmaker continues to take market share in processors for PCs and servers from Intel. AMD stock is near a 13-year high.
A tentative agreement between the U.S. and China, as well as a predictable Fed has investors feeling good as they bid up stocks. Let's look at a few top stock trades for Friday. Top Stock Trades for Tomorrow No. 1: Broadcom (AVGO)Source: Chart courtesy of StockCharts.comWe were looking for a breakout in Broadcom (NASDAQ:AVGO) stock, but doing so in the same session ahead of earnings is risky. Shares rocketed through its prior highs and resistance, ripping to a high of around $330. Now what? Should shares pull back after reporting earnings, I would love to see prior resistance hold as support near $320. Should it fail, bulls will still be okay as long as AVGO can find support above $314. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThere it has the rising 20-day moving average, as well as prior April and May resistance near $315. Below this area could bring up a test of the $300 level. * The 10 Worst Dividend Stocks of the Decade On the upside, it's hard to say where AVGO could rally to on a bullish earnings reaction -- the analysts certainly are bullish. Currently, there is a Fibonacci extension up at $349.65 based on the prior 52-week range. But most importantly, see that AVGO holds the breakout level or prior support at this point. Top Stock Trades for Tomorrow No. 2: Micron (MU)Source: Chart courtesy of StockCharts.com Micron (NASDAQ:MU) shares made a beautiful breakout on Wednesday and followed it with even more upside on Thursday. Investors will now want to see if shares can clear the $51 level and continue higher. Remember, Micron was trading north of $60 per share in 2018 and if it can regain momentum, a push higher certainly isn't out of the question. On a pullback, $48 and the prior downtrend (blue line) will need to hold as support. Top Stock Trades for Tomorrow No. 3: Advanced Micro Devices (AMD)Source: Chart courtesy of StockCharts.comTalk about a loaded top three picks, huh? Chips have been on fire, so it should come as little surprise that Advanced Micro Devices (NASDAQ:AMD) is working on the long side again. After hitting $41.79 last month, shares of AMD have cooled. However, the 20-day moving average continued to buoy the stock and on Thursday, shares broke out over downtrend resistance (blue line). Now, let's see if the stock can breakout over its prior highs. The stock failed at $41.75 in back-to-back sessions in November. A move over this mark could trigger a rally into the mid-$40s and possibly higher. On a pullback, see that the 20-day moving average continues to hold as support. Top Stock Trades for Tomorrow No. 4: Activision Blizzard (ATVI)Source: Chart courtesy of StockCharts.com It doesn't get much simpler for Activision Blizzard (NASDAQ:ATVI). With Thursday's move over $57, the stock is officially breaking out. I would consider the $56 to $57 area as the must-hold mark, but some bulls may be more specific and require ATVI stock to stay over the September high of $57.52. Either way, shares are breaking out and as long as prior resistance holds as support on a pullback, the bulls are okay on the long side. With the move now, bulls will look to fill the stock's November 2018 gap down. To do so completely will require a rally to $62.35. Top Stock Trades for Tomorrow No. 5: Ciena (CIEN)Source: Chart courtesy of StockCharts.comCiena (NYSE:CIEN) shares are rocketing higher, up almost 20% after reporting earnings. The move thrust shares over all of its major moving averages, as well as downtrend resistance (blue line). The rally also sent CIEN stock up through the $40 to $41 area, which has been significant over the past year. Now, see that it stays above this zone. In the middle of it -- at $40.66 -- is the 61.8% retracement. Below that and the 200-day moving average will be on the table. On the upside, see if Ciena stock can rally to the 78.6% retracement. Above puts range resistance near $45 to $46 in the cards. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AVGO. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Worst Dividend Stocks of the Decade * 7 Game-Changing Tech Stocks to Buy Now * 5 Chinese Stocks to Buy for the Big 2020 Rebound The post 5 Top Stock Trades for Friday: AVGO, MU, AMD appeared first on InvestorPlace.
The Dow Jones strengthened in afternoon trading on reports of a phase-one trade deal with China. Facebook fell on news of a possible FTC injunction.
Starbucks staked out an early lead, as the Dow Jones today led the stock market higher ahead of a White House meeting on China trade issues.
– AMD Radeon™ RX 5500 XT delivers amazing high-framerate esports gaming and up to 13 percent higher performance on average than the competition in today’s top AAA titles1 – –.
Dow futures: The stock market still seeks China trade clarity, but Apple, AMD, Google, Microsoft and Target are acting like true leaders.
In addition to making strong inroads in the desktop CPU market, AMD is also making its presence felt in the sever processor market, according to comments made by Ruth Cotter, AMD's senior vice president of worldwide marketing, at the UBS Global Tech conference, Wccftech reported. AMD first introduced the EPYC server processors in June 2017, based on the Zen microarchitecture. AMD has a 7% share of the server processor market, a far cry from the 26% share it held in mid-2006 following the launch of its Opteron processors, according to Wccftech.
SANTA CLARA, Calif., Dec. 10, 2019 -- AMD (NASDAQ: AMD) today announced that its powerful new AMD Radeon™ Pro W5700X GPU is a configuration option in the latest Apple Mac Pro,.
Intel stock has been battered by product missteps, rising competition and a downswing in chip demand. Here is what the fundamentals and technicals say about the chipmaker's shares.
A key former Apple chip executive and the Santa Clara company he founded this year are at the center of an acrimonious legal dispute.
SANTA CLARA, Calif., Dec. 10, 2019 -- AMD (NASDAQ: AMD) today unveiled AMD Radeon™ Software Adrenalin 2020 Edition, the next generation of its software suite for AMD Radeon™.
Futures: The stock market rally and China-tied Apple, AMD and Alibaba await President Donald Trump's China trade war decision on Dec. 15 tariffs.
Microsoft and AMD are trading tightly amid sideways market action, offering new buying opportunities. So do Fortinet, Copart and Jabil.