AMD - Advanced Micro Devices, Inc.
30.57 +0.65 (2.17%)
Pre-Market: 4:18AM EDT
| Previous Close | 28.86 |
| Open | 29.98 |
| Bid | 0.00 x 39400 |
| Ask | 0.00 x 900 |
| Day's Range | 29.78 - 30.48 |
| 52 Week Range | 14.74 - 34.30 |
| Volume | 65,064,199 |
| Avg. Volume | 72,330,696 |
| Market Cap | 32.361B |
| Beta (3Y Monthly) | 3.68 |
| PE Ratio (TTM) | 120.16 |
| EPS (TTM) | 0.25 |
| Earnings Date | Jul 23, 2019 - Jul 29, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 1995-04-27 |
| 1y Target Est | 30.26 |
- Investor's Business Daily•5 hours ago
Dow Jones Futures: AMD, Intel, Nvidia, Boeing Move After Stock Market Rally Fizzles
Stock futures: After Wednesday's stock market rally fizzled, Wedbush initiated coverage on AMD, Intel and Nvidia stock. The FAA has found a Boeing 737 Max "risk."
- Market Realist•12 hours ago
AMD’s Revenue Might Take a Moderate Hit from the US Ban
Advanced Micro Devices (AMD) is the best-performing chip stock of 2019 so far, growing 55% YTD (year-to-date) at a time when the VanEck Vectors Semiconductor ETF has risen 22% and the SPDR S&P 500 ETF has risen 17.5%.
- Market Realist•13 hours ago
Powell Pushes Stocks Down a Well, Mnuchin Pulls Them Up
As my colleague Jitendra Parashar wrote recently, the S&P 500 opened higher today after Treasury Secretary Steven Mnuchin indicated that a deal is 90% done.
- Market Realist•13 hours ago
China’s Supercomputing Market Still Depends on US Technology
The US ban on Chinese supercomputing targets companies such as Sugon, which has just over $1 billion in annual revenue. Although a ban on these supercomputing companies may not have as high of a revenue impact as the ban on Huawei, it will slow China’s technological development.
- Market Realist•17 hours ago
Markets, Consumers, and Businesses Have a Message for Trump
The G20 Summit is scheduled for June 28–29 and will be held in Osaka, Japan. While the summit always attracts attention, it will be closely watched this year in particular due to the meeting between US President Donald Trump and Chinese President Xi Jinping.
- MarketWatch•21 hours ago
Chip stocks in broad rally after Micron beats on earnings, resumes some shipments to Huawei
Semiconductor maker stocks were broadly higher in premarket trading Wednesday, fueled by Micron Technology Inc.'s better-than-expected earnings and upbeat outlook, and after memory chip maker said it resumed some shipments to China's Huawei Technologies Co. The VanEck Vectors Semiconductor ETF rallied 2.4%, as all 22 of the 25 components that have traded ahead of the open gained ground. Micron's stock shot up 8.9% to pace the gainers. Among other more-active stocks, Advanced Micro Devices Inc. rallied 3.4%, Nvidia Corp. rose 2.3%, Intel Corp. advanced 1.6%, STMicroelectronics N.V. hiked up 4.8% and Qualcomm Inc. tacked on 1.3%. Micron's stock had lost 19% over the past three months through Tuesday, while the chip ETF has lost 0.8% and the S&P 500 has gained 3.5%.
- Zacks•2 days ago
Advanced Micro Devices (AMD) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Advanced Micro Devices (AMD) closed at $28.86, marking a -1.37% move from the previous day.
- Insider Monkey•2 days ago
How to Stop Traders and Developers Losing Out in the Race to Automate
Wall Street today is underpinned by automation, and it’s been this way for decades. Trading and automation are intimately linked, to an extent many people don’t realize. For example, the NASDAQ utilizes Automated Pit Trading (APT), removing the market floor cry system of decades past. For most ordinary traders, though, automation isn’t even on their […]
- Zacks•2 days ago
Tech Giants Lose Out on Business Opportunities Amid Trade Tiff
Trade-war is taking a toll on technology stocks' financial performance as the companies lose out on significant business opportunities.
- Investor's Business Daily•2 days ago
Dow Jones Futures: From AMD To Zoom Video, Growth Stocks Offer Warning; AbbVie To Buy Allergan
Growth stocks AMD, Shopify, Zoom Video, Ulta and Veeva raised stock market rally concerns. AbbVie will buy Allergan for $63 billion.
- Benzinga•3 days ago
AMD Option Trader Betting The Rally Will Resume
On Monday morning, Benzinga Pro subscribers received an option alert related to three unusually large AMD put sales. At 8:54 a.m., a trader sold 599 AMD put options at a $26 strike price that expire on August 16. Prior to the large trade, the open interest for the August 16 AMD $26 puts was only 512 contracts.
- Investor's Business Daily•3 days ago
Best Growth Stocks To Buy And Research
Looking for the best growth stocks to buy? Start by identifying the seven traits of winning stocks, then use IBD screens to find stocks showing them now.
- Market Realist•3 days ago
Why It’s Time to Get Over Fed Mania and Look at the Economy
Last week, the S&P 500 (SPY) rose to a record high. Last week, Trump tweeted, “Since Election Day 2016, Stocks up almost 50%, Stocks gained 9.2 Trillion Dollars in value, and more than 5,000,000 new jobs added to the Economy.”
- Zacks•3 days ago
Stock Market News For Jun 24, 2019
Markets closed in the red on Friday as chip stocks weighed on the markets.
- Market Realist•3 days ago
AMD’s Chinese Joint Venture Finds Itself in Middle of New US Ban
The United States has expanded its technology ban to five Chinese supercomputing firms after imposing a ban on China's telecom component maker Huawei. The US-China trade war is now targeting specific companies, especially technology companies.
- Market Realist•3 days ago
US Ban on Chinese Supercomputing Firms to Hurt These Stocks
According to an unpublished Federal Register notice, the United States has added Wuxi Jiangnan Institute of Computing Technology, Sugon, and Sugon's three affiliates to the “Entity List.” The Entity List is a list of companies that US firms cannot sell technology to without government approval.
- Market Realist•3 days ago
Could Competition from AMD Force Intel to Cut CPU Prices?
Intel (INTC) and Advanced Micro Devices (AMD) have been competitors in the PC and server CPU (central processing unit) markets for decades. Intel has dominated the CPU market for the last 50 years, as it's had a technology node advantage.
- InvestorPlace•3 days ago
Intel Has Pulled 4 Interim Levers to Reclaim Lost Ground
There's no denying it. Intel (NASDAQ:INTC) got lazy, and owners of Intel stock paid the price for it. Rival Advanced Micro Devices (NASDAQ:AMD), largely left for dead, wasn't dead at all. It was just regrouping. Since 2016 its new chip technologies have thoroughly embarrassed Intel with impressive performance gains at incredible value.AMD shares also shamed INTC stock, nearly doubling in price over the last 12 months, while Intel shares lost 4.5%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs yours truly suggested near the end of last month though, it would be unwise to count Intel out. It's got access to some of the best engineers and IP toolkits in the business, and backed into a proverbial corner, it's starting to leverage them the way it should have several years ago.In the meantime -- even as we wait for Intel's 10 nanometer processors -- the chip maker has pulled several levers, four of which could be game-changers. That is why INTC stock may bounce back sooner than many investors suspect. Price CutsIt's always been something of a dividing line. Though Intel's CPUs generally offered superior performance, it came at a premium price. Advanced Micro Devices chips also offered acceptable performance, but there's been no getting around the reality that AMD is the value-oriented provider in the business. * 6 Stocks Ready to Bounce on a Trade Deal Intel appears to have finally gotten the wake-up call, though. With the launch of AMD's next-generation 7nm Ryzen 3000 processors in view, Intel has cut prices on its 8th and 9th generation CPUs, which are the newest CPUs it currently offers. The 10% to 15% price cuts still don't quite match AMD's pricing-per-performance metric, but they're close enough to divert some interest back to Intel's wares. One-click OverclockingFor most PC and laptop users it won't mean a thing. But, for gamers and heavy-duty users that want to push their computers to their maximum physical limits, Intel has released a simple one-click overclocking tool that maximizes the performance of several latest-gen processors.The company is serious about making this a mainstream option, too. In the past, overclocking as an "at-your-own-risk" effort that usually voided all warranties. Now, for a nominal charge Intel is offering replacement insurance for CPUs that may be damaged by use of its performance maximization tool.It's ultimately a means of letting PC and laptop owners squeeze a little more performance out of their investment that AMD doesn't officially (yet?) facilitate. Integrated GPUsFor years now, the key to achieving gaming-caliber graphics was to separate computing duties on a motherboard. The central processing unit handles all the hardcore number crunching, but an entirely separate mini-computer called a graphics processing unit (or GPU) attached to the main board handled all the video work. Intel was more than happy, in fact, to punt that part of the computing business to AMD and Nvidia (NASDAQ:NVDA) and focus on CPUs.Hardware and software have finally caught up with ambitions though. At last week's Intel Software Technology Day held in London, Intel chief architect Raja Koduri revealed existing and future technologies that could support the heavy video demands of Triple-A games with so-called integrated graphics that circumvent the need for a separate graphics card. * 7 Value Stocks to Buy for the Second Half It's a development that could make even moderately priced laptop into respectable gaming rigs. Outperforming AMDFinally, it's not exactly a perfect of fair apples-to-apples comparison, but it makes a key point nonetheless. That is, Intel's soon-to-launch Core i7-1065G7 processor noticeably outperforms the AMD Ryzen 5 3500U processor.It should. It's certain to cost more, and the Ryzen in question is not the next-gen 7 nm Ryzen tech that's slated to be released next month. But, for computer enthusiasts that are trying to balance performance with price, there's enough of a disparity here to prompt second looks at Intel's newest option. Looking Ahead for Intel StockThey're all just stop-gaps and stepping stones to be sure. Intel won't be able to meaningfully push back on AMD until its 7 nanometer tech becomes commercially available in what looks like will be 2021.But, these are enough high-quality stop gaps to keep Intel stock moving forward at a point in time when neither Wall Street nor Main Street appear interested in seeing any of its upside potential. The current Intel stock price leaves it valued at an unusually low trailing P/E of 10.7 and an equally unusual forward-looking P/E of 10.5. That sets the stage for gains sooner than later, once the market recognizes the company isn't completely dead in the water here.As of this writing, James Brumley held no position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post Intel Has Pulled 4 Interim Levers to Reclaim Lost Ground appeared first on InvestorPlace.
- Bloomberg•6 days ago
Trump Blacklists More China Tech Companies Days Before Xi Summit
(Bloomberg) -- The U.S. put five more Chinese tech entities on a trade blacklist just days ahead of a high-stakes summit between President Donald Trump and Chinese leader Xi Jinping even as it offered a quiet olive branch by postponing a potentially provocative speech.The move on Friday to list four companies and a research institute involved in China’s super-computing efforts follows the similar blacklisting of Chinese telecommunications giant Huawei Technologies Co. last month, blocking it from buying U.S. software and components.The Huawei action has raised fears that a trade war launched last year is turning into a broader economic conflict focused on cutting off China from U.S. technology while also forcing U.S. companies to shift their supply chains out of China.The Commerce Department action against the super-computing entities will only add to those concerns in Beijing. But it also comes as the two sides try to avoid an escalation in their trade war that many see as the greatest risk to an already-slowing global economy.Trump earlier this week announced he and Xi would meet on the sidelines of the June 28-29 Group of 20 summit in Japan in an effort to restart trade talks that broke down last month. In an apparent peace gesture the White House on Friday confirmed it postponed a speech critical of China’s human rights record by Vice President Mike Pence that had been scheduled for Monday as a result of progress in the discussions with Beijing.Rights SpeechTrump and Pence decided the speech should be delivered after Trump and Xi speak in Japan, a White House official said. The speech already had been postponed from June 4, the anniversary of the Tiananmen Square massacre.The twin actions illustrated some of the competing tensions inside the administration on China. While some are eager to see Trump reach a deal with Xi that would remove a drag on the U.S. economy going into the 2020 election cycle others in the administration are more intent on proceeding with a multifaceted crackdown on China. Trump has threatened to impose tariffs of up to 25% on a further $300 billion in Chinese goods on top of the $250 billion already subject to import taxes.In a statement on Friday, the Commerce Department said the new entities listed were part of China’s efforts to develop supercomputers. It said they raised national security concerns because the computers were being developed for military uses or in cooperation with the Chinese military.The Chinese embassy in Washington didn’t respond to a request for comment.“While Huawei gets attention, the most important sector for U.S.-China economic competition is semiconductors,” said Derek Scissors, a China expert at the American Enterprise Institute, who informally advises the Trump administration. “Coming a week before the president meets Xi Jinping, it’s a welcome sign the U.S. won’t trade advanced technology for Chinese commodities purchases.”Among those added to the blacklist were AMD’s Chinese joint-venture partner Higon, Commerce said in the statement. Also included were Sugon, which Commerce identified as Higon’s majority owner, along with Chengdu Haiguang Integrated Circuit and Chengdu Haiguang Microelectronics Technology, both of which the department said Higon had an ownership interest in.The ban affects AMD’s Chinese joint venture THATIC, which was established in 2016. AMD uses THATIC to license its microprocessor technology to Chinese companies including Higon.THATIC, or Tianjin Haiguang Advanced Technology Investment Co., is a Chinese holding company comprising an AMD joint venture with two entities, according to an AMD regulatory filing. THATIC provides chips to Sugon, a Chinese server and computer maker.Lisa Su, AMD’s chief executive officer, said at a recent conference in Taiwan that AMD would not license its newer technologies to Chinese companies. “We are currently evaluating the addition of five new entities,” AMD spokesman Drew Prairie wrote in an email on Friday. “AMD will comply with the regulations governing that list, just as we have complied with U.S. laws to date. We are reviewing the specifics of the order to determine next steps related to our joint ventures with THATIC in China.”The blacklisting requires American companies doing business with the Chinese firms to get a license from the U.S. government in order to sell their products. The policy for granting such licenses is that there’s a presumption of denial of such a request, according to the Commerce Department statement."Sugon is going to be pinched," said Anand Srinivasan, an analyst at Bloomberg Intelligence. "The THATIC joint venture may have been to grease AMD’s entry into China. It was to appease the Chinese to give them a bit of intellectual property to expand their capabilities. For AMD, it is a high-margin business, but it is not material."The U.S. said on Friday that Sugon is “involved in activities determined to be contrary to the national security and foreign policy interests of the United States.” Sugon is open about its work with the Chinese government. The company hopes to “gradually build a cloud data service network covering hundreds of cities and sectors to provide a wealth of intelligent applications and services for the government, industry and the general population,” according to its website.Sugon had the largest share of China’s supercomputer market from 2009 to 2016, according to the company’s website.The fifth entity is the Wuxi Jiangnan Institute of Computing Technology, which Commerce said was owned by the People’s Liberation Army’s 56th Research Institute. That institute’s mission, according to Commerce, is “to support China’s military modernization.”The notice will be published in the federal register on Monday, making it an official directive.(Updates throughout with Pence speech postponement and context.)\--With assistance from Jennifer Jacobs, Mark Gurman and Alistair Barr.To contact the reporters on this story: Jenny Leonard in Washington at jleonard67@bloomberg.net;Shawn Donnan in Washington at sdonnan@bloomberg.netTo contact the editors responsible for this story: Brendan Murray at brmurray@bloomberg.net, Sarah McGregorFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Investor's Business Daily•6 days ago
Dow Jones Fades Late, But UnitedHealth, Exxon Mobil Outperform; Small Caps Nailed
The Dow Jones came to within 44 points of its all-time high Friday but backed off highs. UnitedHealth and Exxon Mobil were top gainers in the Dow.
- Market Realist•6 days ago
Rumor: Intel Plans Desktop CPU Price Cuts—A Gambit Against AMD?
Taiwan's DigiTimes, citing sources familiar with the matter, has reported that Intel recently informed PC and motherboard manufacturers of its plans to slash the prices of its eighth- and ninth-generation Coffee Lake desktop CPUs by 10%–15%.
- InvestorPlace•6 days ago
Forward-Thinking NVDA Is Likely Still the Best Chipmaker Deal
Among semiconductor firms, Nvidia (NASDAQ:NVDA) is easily one of the toughest names to call. After suffering devastating losses in 2018, NVDA stock gained significant traction this year. At one point, shares gained over 47% against the January opener. But a deteriorating relationship between the U.S. and China quickly eroded sentiment.Source: Shutterstock Currently, the Nvidia stock price is hanging around just above $154. At this level, shares are looking at a year-to-date profit of 18%. It's an okay performance but after tanking like it did last year, NVDA cannot settle for this mediocrity. However, with a rough market impacting the semiconductors, investors are naturally concerned about the next phase for the chipmaker.In addition, Nvidia stock faces serious competitive threats. While competitors like Intel (NASDAQ:INTC) have so far produced ho-hum returns, that's not the case for Advanced Micro Devices (NASDAQ:AMD). Sharply contrasting with Nvidia's volatile ride, AMD has more or less enjoyed an upwardly linear trajectory this year. At time of writing, AMD gained 67% YTD.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Stocks Ready to Bounce on a Trade Deal It's not just trading sentiment that has driven the smaller rival skyward. At the world's largest computer conference Computex 2019, AMD introduced an array of products. This time around, though, the company wanted to prove a point. No longer satisfied with producing lower to mid-tier "value" chips, AMD went toe-to-toe with Intel over the premium-products sector.If you just look at the statistics, it appears AMD is winning.Moreover, AMD has something for NVDA as well. The former's gaming chips are aggressively infringing on Nvidia's territory. For instance, AMD secured a deal with Microsoft (NASDAQ:MSFT) to supply chips for the next-generation Xbox console.Is there any hope for the Nvidia stock price to stage a comeback? A Broader Scope Helps Insulate NVDA StockI think it's fair to say that semiconductors (and tech stocks generally) are emotional investments. Sure, fundamentals ultimately drive the markets. But sometimes, pockets of irrationality lever unusual influence on chipmakers.Right now, the Nvidia stock price is caught on the wrong end of this spectrum. We have a hungry rival in AMD -- which unquestionably attracts strong emotions -- seeking credibility at the alpha dogs' expense. Admittedly, they're doing a fine job of disrupting the CPU and GPU markets with their recent outsized chips.However, modern semiconductors can't just rely on producing products for PCs and gaming consoles. Based on the rapid changes in this digitalization economy, they have to think bigger. And few companies think as big as NVDA.That's the reason why Daimler's Mercedes-Benz teamed up with Nvidia to develop autonomous cars. In fact, the partnership extends much deeper. The German luxury automaker envisions a single system that carries both self-driving capabilities and smart functions within the cabin.Better yet, this deal isn't just a one-off benefit for Nvidia stock. Instead, the company is making a further push toward 21st century transportation. For instance, management recently inked a deal with Volvo. With this partnership, the two organizations are hoping to make autonomous trucking a reality.Specifically, Volvo will utilize Nvidia's artificial-intelligence platforms "for training, simulation, and in-vehicle computing." The goal here is to make driverless commercial trucks a practical and safe component of our transportation networks.This is two high-profile automotive deals within a half-year period. It begs the obvious question, why?Simply, over the last several years, NVDA stock has been much more than just an investment toward a fast GPU. Don't get me wrong; it's certainly that. But focusing only on this aspect misses the longer-term potential. Nvidia Stock May Lose Some Battles to Win the WarBecause NVDA is a much more complex animal than when it first started, the company can't win all its battles. That's why I don't think investors should be overly concerned about specific issues, such as Nvidia conceding ground to AMD over gaming-console chips.For one thing, Microsoft's announcement wasn't a surprise. Both Microsoft and Sony (NYSE:SNE) have had extensive relationships with AMD to supply their gaming chips. It's a lost opportunity for Nvidia, but nothing that would have me hitting the panic button.More importantly, I'd rather win the decisive battles. For instance, if autonomous vehicles become mainstream, Nvidia would have near-insurmountable dominance in this segment. Moreover, the autonomous industry -- unlike gaming -- has limited risk from Chinese competitors.I say this because underlining the trade war is both nations' desperation to gain a technological edge over the other. Winning in autonomous vehicles would lead to profound synergies, further expanding Nvidia's scope. * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 On the other hand, winning in gaming? That's a commoditized battleground that anybody with enough money can achieve. NVDA, though, is playing the long game which necessarily involves sacrificing nearer-term pleasantries. Still, in this semiconductor discount, I'd rather have my money go where relevancy is more likely.As of this writing, Josh Enomoto is long SNE. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post Forward-Thinking NVDA Is Likely Still the Best Chipmaker Deal appeared first on InvestorPlace.
- InvestorPlace•6 days ago
7 Top S&P 500 Stocks of 2019 (So Far)
The stock market is partying in 2019 more than it has in over 20 years. We are coming into the end of June, and the S&P 500 is up more than 17% year-to-date. That's the biggest year-to-date gain through June for the S&P 500 since 1997, when stocks were up 21% year-to-date in mid-June.For what its worth, that first half 1997 rally in stocks continued into the back half of the year. Through the last six months of 1997, the S&P 500 rose another 8%, finishing the year with a record 30%-plus gain.In other words, we are a little over halfway through 2019, and stocks are on track to have their best year in over 20 years. That's pretty wild, considering in late 2018, financial markets globally were grappling with recession fears.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNonetheless, now feels like an appropriate time to take a look at the stocks which are leading this record 2019 stock market rally. Which S&P 500 stocks have notched the biggest year-to-date gains through mid-June? As is always the case, it's not who you would guess. * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 With that in mind, let's take a look at the top seven performing S&P 500 stocks of 2019 thus far. Best Performing S&P 500 Stocks of 2019: Coty (COTY)Source: Shutterstock YTD Gain: 105%Beaten up global beauty giant Coty (NYSE:COTY) has staged a huge turnaround rally in 2019 -- a rally big enough to make COTY stock the S&P 500's best performing stock year-to-date through mid-June.The recovery rally was kick-started in early February when the company reported a surprise double-beat quarter that caused shares to rally in a big way. A few days thereafter, German conglomerate Jab Holding Co offered to purchases 150 million shares of Coty at a purchase price of $11.65. That pushed COTY stock -- which was trading below $10 at the time -- even higher. Since then the company has reported another "good enough" earnings report, which has kept COTY stock in rally mode.Can COTY stock stay in rally mode? Most signs point to yes. The global economic situation is starting to improve after a late 2018 slowdown.Coty's numbers and operational trends are also improving. Insiders are buying the stock. The valuation remains reasonable at 19 times forward earnings. Big turnaround plans are due to be announced on July 1. Broadly, there's still a lot to like about COTY stock, and all those favorable conditions should keep this stock in rally mode. Xerox (XRX)Source: Zack Seward via Flickr (Modified)YTD Gain: 78%The second-best-performing S&P 500 stock of 2019 thus far is another dark horse turnaround company, Xerox (NYSE:XRX).Document management systems company Xerox has been stuck in a multi-year decline. Now, management is finally doing something about it. They are reorganizing the company, looking to shed non-core assets, driving cost savings throughout the business, stabilizing top-line trends and putting the focus back on innovation. Most of these initiatives are working. The company has topped profit estimates in a big way in each of the past two quarters as margins are substantially improving. Investors have rallied around these profit improvements, and XRX stock is up nearly 80% year-to-date. * 6 Stocks Ready to Bounce on a Trade Deal Will the rally continue? Not until revenue trends reverse course. The valuation is cheap at about 9-times forward earnings. But that low multiple has been the average valuation for this stock over the past several years. Margins are improving, so that warrants a higher valuation. However, revenue trends remain depressed, and depressed revenue trends do not warrant a higher valuation. Thus, until they reverse course, it's tough to see XRX stock staying on a winning trajectory. Chipotle Mexican Grill (CMG)Source: Shutterstock YTD Gain: 71%Coming in third is Mexican fast casual eatery Chipotle Mexican Grill (NYSE:CMG).The huge 70%-plus year-to-date gain in CMG stock can be attributed almost entirely to new management. The new team came to Chipotle in 2018 and implemented a series of growth initiatives ranging from expanding the digital delivery business to revamping the menu to rolling out new marketing strategies. All of those initiatives have come together to spark a healthy recovery in Chipotle's traffic, sales, margin and profit trends.The result? A huge bounce-back rally in what was a very beaten up CMG stock.Can the stock keep marching higher in the back half of 2019? I'm not convinced. I still think the macro-trends aren't as good as they used to be for Chipotle. Namely, the health food craze has shifted from Mexican-style burritos and bowls in the mid-2010's, to acai bowls, superfood cafes, poke, and various other non-burrito-related meals in the late 2010's. Thus, I doubt unit performance levels and margins will return to peak levels, and the inability to do so will ultimately short-circuit this big rally in CMG stock. Cadence Design Systems (CDNS)YTD Gain: 65%Slotting in at fourth, we have electronics design giant Cadence Design Systems (NASDAQ:CDNS) with a 65% year-to-date gain through June.CDNS stock has rallied in a big way in 2019 as the secular bull thesis has gained traction, credence, and visibility through back-to-back double-beat-and-raise earnings report, both of which comprised low double-digit revenue growth and healthy margin expansion. Analysts raised price targets in response to both reports, and the stock has consequently been in rally mode all year long. * 7 Value Stocks to Buy for the Second Half Will Cadence stock stay in rally mode for the rest of the year? I'm not convinced. Valuation is now an issue for this stock. At 32-times forward earnings, CDNS stock is trading at its biggest forward earnings multiple in several years. Throughout 2018, the stock traded at or below 25-times forward earnings. To be sure, growth is good (low double-digit revenue growth with steady margin expansion). But that good growth profile seems fully priced in here and now. As such, further upside seems limited by an already stretched valuation. Advanced Micro Devices (AMD)Source: Shutterstock YTD Gain: 65%Last year, chip company Advanced Micro Devices (NASDAQ:AMD) was the best-performing S&P 500 stock. AMD is following up that record 2018 performance with another strong year in 2019.With a 65% year-to-date gain, AMD stock is the fifth-best-performing S&P 500 stock in 2019 thus far. The driver of the out-performance? The same thing that drove out-performance in 2018: relentless market share expansion.The global central processing unit (CPU) and graphics processing unit (GPU) markets are huge -- big enough to support a $210 billion market cap for Intel (NASDAQ:INTC) on the CPU side, and a $100 billion market cap for Nvidia (NASDAQ:NVDA) on the GPU side. AMD is a small player in this market, with a market cap just under $32 billion. But through faster-than-peer product innovation, it is rapidly winning share from Intel and Nvidia, and in so doing, becoming an increasingly large and important CPU and GPU company.Will AMD stock stay in rally mode? In the long term, yes. The present outlook is for AMD to continue to steal market share from Nvidia and Intel over the next several years. That share expansion, in a market supported by healthy growth drivers, should drive robust revenue and profit growth at AMD, the sum of which should drive AMD stock higher. But, in the near term, valuation friction is a problem for AMD stock, and prices well above $30 don't seem justified just yet. MSCI (MSCI)YTD Gain: 62%The sixth-best-performing S&P 500 stock of 2019 is investment analysis solutions provider MSCI (NYSE:MSCI), with a 62% year-to-date gain.The big rally in MSCI stock in 2019 can be attributed to the company's continued success in its transformation to a high-margin, recurring revenue subscription business. MSCI has reported back-to-back strong earnings reports in 2019, both of which underscore that the subscription business is growing nicely and that margins have potential to move higher in medium-to-long-term. Investors have celebrated those results and pushed MSCI stock materially higher over the past six months. * 5 Stocks to Buy for $20 or Less Is MSCI stock due for another big run in the back half of 2019? Unlikely. This is a good growth company that is benefiting from big data and analytics tailwinds. But, the growth trajectory isn't that robust. Organic revenues rose less than 10% last quarter, while subscription revenues rose just 10%. Margins have potential to move higher, but they are already pretty high, and further upside is fairly limited. As such, you are probably looking at a mid-teens profit grower here. MSCI stock trades at 33 times forward earnings. That's a big multiple for mid-teens profit growth -- almost too big -- meaning valuation friction will prevent MSCI stock from heading much higher in the near term. Anadarko Petroleum Corp (APC)Source: Bureau of Safety and Environmental Enforcement via FlickrYTD Gain: 61%Last, but not least, on this list of the S&P 500's best performing stocks of 2019 thus far is Anadarko Petroleum Corp (NYSE:APC), with a 61% year-to-date gain.The driver behind APC stock's big 2019 gain? A bidding war between Chevron (NYSE:CVX) and Occidental Petroleum (NYSE:OXY). Chevron came in and offered to buy Anadarko for $65 per share. Given the huge premium and obvious synergies, it seemed like a done deal. Then news broke that prior to that buyout offer being announced, Anadarko and Occidental had been in mergers and acquisitions talks, with the price tag in those talks hovering in the $70's. Shortly after those reports, Occidental pulled the trigger on a cash-and-stock deal for Anadarko which, at the time, valued APC at $76 per share. Net net, a bidding war between Occidental and Chevron drove APC stock up more than 60% this year.Will APC stock stay in rally mode? Probably not. The latest update is that Anadarko management views the Occidental offer as superior to the Chevron offer, and that Chevron won't boost its offer. The Occidental offer, which is a cash and stock offer, pegs the takeover value of APC stock at about $70. That's where APC stock trades today. Thus, further acquisition-driven upside in APC stock seems muted.As of this writing, Luke Lango was long INTC and NVDA. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post 7 Top S&P 500 Stocks of 2019 (So Far) appeared first on InvestorPlace.
- InvestorPlace•6 days ago
Investors Should Avoid Intel Stock … For Now
Conditions in the market have quickly gone from utter fear to unadulterated cheers. Yet, when it comes to Intel (NASDAQ:INTC), I'd caution bullish investors what's gone up on the Intel stock chart, is also likely to come back down. Let me explain.Source: Shutterstock From May's pervasive and hard-hitting market correction and its attached-at-the-hip trade war concerns, Wall Street has gotten a case of the proverbial giggles in June. The upbeat shift has the S&P 500 hitting new all-time-highs Thursday. But when it comes to Intel stock and its chances for similar celebrations, investors shouldn't hold their breath just yet.Buoyed by strong earnings and fresh highs from tech giant Oracle (NYSE:ORCL), broker-driven technical leadership from Microsoft (NASDAQ:MSFT), a bid in oil and FOMC follow-through, the broader market has its share of reasons for setting new records. The same, however, can't be rightfully said about Intel stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsShares of INTC have rallied this month alongside the market's own bid. In fact, Intel stock is up about 8% compared to the S&P 500's own gain of just over 7%. But I'm afraid that's as good as it gets for the chip giant right now. * 10 Monthly Dividend Stocks to Buy to Pay the Bills I'd caution competitive threats from Advanced Micro Devices (NASDAQ:AMD) and Nvidia (NASDAQ:NVDA) reinforced during Intel's analyst day last month and April's bearish outlook point to a challenging company-specific business environment that shouldn't be dismissed so quickly. And even if you are a contrarian and see the upside in Intel stock's current situation, a quieted but still lurking trade war threat could become an even larger enemy of the state for INTC. Intel Stock Weekly Price Chart Click to EnlargeDon't get me wrong, I'm not warning of Intel stock's demise and I'm certainly not bearish on its price chart. The provided well-detailed weekly view of Intel stock shows an abundance of Fibonacci and trend-lines spanning decades that continue to back the uptrend in shares. And INTC shares have moved favorably over the past month in appreciation of those technical supports.At the May bottom, Intel stock formed a bullish higher double-doji-pivot low backed by a flatter trendline developed over the past 18 months. The reversal also successfully tested the uppermost layers of a massive Fibonacci price band. And with stochastics sporting a supportive-looking oversold crossover, there's a lot to like on the INTC price chart going forward.But that doesn't mean buying Intel stock today is a good investment, even if you are a bullish contrarian.The current rally coupled with Intel stock's overall weakness of the past few months has shares testing resistance from prior trendline support dating back to 2017, as well as the 200-day simple moving average. It's enough of a technical barrier, that in conjunction with Intel's business risks, my recommendation is investors take a wait and see approach for the time being.If shares pull back in the coming couple of weeks and confirm the May low, buying Intel stock as a contrarian position prior to late July's earnings makes sense. I would, however, advise exiting before or after the report, if May's bottoming pattern is broken by more than 1%. If that possibility becomes a reality, it's my view the risks increase exponentially that an out-of-favor INTC could be facing even bigger challenges off and on the price chart in the months ahead.Disclosure: Investment accounts under Christopher Tyler's management currently own positions in Advanced Micro Devices (AMD) and its derivatives but no other securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. . For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post Investors Should Avoid Intel Stock … For Now appeared first on InvestorPlace.
- Yahoo Finance Video•3 days ago
SCOTUS rejects challenge to Trump’s steel tariffs
American steel importers asked the highest court in the land to review a March ruling from the U.S. Court of International Trade that upheld the constitutionality of Trump imposing a 25% tariff on imported steel and a 10% duty on imported aluminum. Yahoo Finance's Zack Guzman & Heidi Chung, along with Payne Capital Management Senior Wealth Adviser Michelle McKinnon discuss.
