|Bid||0.00 x 900|
|Ask||0.00 x 1400|
|Day's Range||34.59 - 34.73|
|52 Week Range||18.76 - 36.64|
|Beta (3Y Monthly)||0.30|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.00|
Wall Street loves turnaround stories. Over the years, investors in Advanced Micro Devices (NASDAQ:AMD) stock have been delighted with the price performance of their shares. I'm going to discuss the short- and long-term outlook of AMD stock, one of the darlings of Wall Street in 2019.Source: Shutterstock AMD stock is expected to report Q2 earnings on July 24. Year-to-date, the Santa Clara-based chip designer is up about 93%. Long-term, I believe AMD stock price is going to rise much more. However, in the short-term, as AMD stock and its peers get ready to release quarterly results, there could be increased volatility in the markets. * 7 Dependable Dividend Stocks to Buy I would encourage long-term investors to wait several weeks before buying AMD stock or hedge their positions if they currently own the stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips What to Expect From AMD Stock EarningsWhen AMD releases earnings in late July, Wall Street will pay attention to two segments: * Computing and Graphics and * Enterprise, Embedded and Semi-CustomOn April 30, Advanced Micro Devices reported its Q1 2019 earnings. Its profit of 6 cents per share came in slightly ahead of analysts' consensus outlook. In its Computing and Graphics segment, AMD's revenue tumbled 26% year-over-year (YoY) to $831 million. In the Enterprise, Embedded and Semi-Custom segment, its revenue fell 17% YoY to $441 million.Overall many analysts saw the Q1 earnings report as a sign that AMD is executing its strategic plans well. In the current quarter, AMD management expects its revenue to be about $1.52 billion, a decrease of approximately 13% YoY.Since late 2014, under the leadership of CEO Lisa Su, revenue has gone up and the company has been improving its balance sheet. Its debt has reduced and investors are hopeful that AMD stock can see positive cash flow soon. Over the next five years, analysts expect AMD to grow earnings by about 30% annually.As new frontiers in technology, such as the internet of things (IoT), artificial intelligence (AI), autonomous driving, and 5G are being developed, I am bullish on the future of Advanced Micro Devices, which has been quite successful in recent years. As a result, I am also upbeat on the long-term outlook of AMD stock.Yet, recent positive news from Advanced Micro Devices stock's earnings and its clients have been factored into AMD stock price. Until AMD's next earnings announcement, its stock is likely to become a battleground between long-term investors and short-term traders.AMD has a history of reporting mixed results. Therefore Wall Street is likely to be cautious going into earnings. AMD Stock Is Catching up With Its Main CompetitorsUntil 2019, Advanced Micro devices has mostly played catch-up with Nvidia (NASDAQ:NVDA) and Intel (NASDAQ:INTC). The market cap for NVDA and INTC stocks are $101 billion and $223 billion respectively. AMD stock's market cap stands at $37 billion.Nvidia has dominance in graphics processing units (GPUs) while Intel has been a leader in central processing units (CPUs), the computing engine of most computers and data centers. Graphics processing units accelerate central processing units, boosting the performance of video and graphics and improving computers' overall performance.In May, the U.S. Department of Energy announced that AMD and Cray (NASDAQ:CRAY) had been awarded a $600 million contract to develop the 'Frontier' supercomputer. Expected to become the world's fastest computer, Frontier will perform advanced calculations in areas like nuclear and climate research.The supercomputer will use AMD's EPYC CPUs, each of which will be connected to four of the company's Radeon Instinct GPUs. This important deal confirms that AMD is now a recognized industry leader. In other words, AMD has a roadmap to compete with Intel's dominant CPUs and Nvidia in the graphics-card space.In Q3 AMD is expected to start selling its 7-nanometer (nm) chips, rivaling Intel's 10nm, which will not be sold until the end of the year. With these smaller and more power-efficient chips, AMD is aiming to take market share from Intel, especially in data center business.As AMD launches its Navi graphics cards in Q3 featuring the company's 7-nanometer chips, management is confident that it will take GPU market share in the gaming segment from Nvidia.In short, Advanced Micro Devices has taken important steps to make the fundamental metrics of the company stronger and to catch up with its main competitors. What Could Derail AMD Stock Short-Term?Wall Street has recently been debating whether the semiconductor industry, which is highly competitive and cyclical, has entered a prolonged downturn. Could these chip stocks have reached their 2019 highs in the eyes of investors?For long-term investors, such gyrations in the sector are nothing new. Yet, in the coming weeks when many chip companies announce their earnings one after the other, any potential weak guidance that may be issued could lead investors to become bearish on semiconductor stocks.Wall Street is nervous that chip companies' upcoming results will be mixed. Analysts follow AMD's gross margin levels closely. The company expects its Q2 gross margin to be 41%, the highest in eight years. Therefore, any unexpected dip in the margin could easily push AMD stock price south.China is the leading consumer of semiconductors (more than 50%). On the other hand, U.S. chip companies lead the world with a combined global market share of nearly 50%. Furthermore, many technology companies either have manufacturing plants in China or use Chinese companies in their supply chains. Therefore, Wall Street fears that U.S. chip makers will be among the largest losers of the current trade war.Furthermore, analysts are debating whether Advanced Micro Devices stock is becoming overvalued. For example, its forward price-to-earnings-growth (PEG) ratio is about 2x. Similarly, AMD stocks's price-sales (P/S) ratio of about 6x is also quite high. To put the metric into perspective, the S&P 500's average price-sales ratio is 2.1. Should Investors Buy AMD Stock Prior to Earnings?As a result of the impressive run-up in AMD stock price in 2019, its short-term technical indicators have become quite "overbought." In June, in addition to the broader market rally, AMD stock got an analyst upgrade that gave a big boost to its price.If you are an investor who follows technical charts, AMD stock has strong resistance around the $34 level, where the stock is about to make a triple top. Therefore, if it cannot go and stay over $35 soon, some profit-taking is likely to occur.Because AMD is a momentum leader stock, investors should expect sizable daily swings in the AMD stock price. Technically AMD stock is known to make a series of rallies and consolidations. We can expect this trend to continue in July and August, too.If you already own Advanced Micro Devices stock, you might want to stay the course and hold onto your position. That said, if you are worried about short-term profit taking, then within the parameters of your portfolio allocation and risk/return profile, you may consider placing a stop loss at about 3%-5% below the current price point, to protect the profits you have already made from AMD stock.If you are an experienced investor in the options market, you may also consider using an Aug. 16 expiry at-the-money (ATM) covered call strategy. In that case, you may, for example, buy 100 shares of AMD at a limit price of $33 and sell an AMD Aug. 16 $33 call option, which currently trades at $2.4.The $33 option offers some downside protection in case of volatility and a decline of AMD stock price. It would also enable investors to participate in a potential up move. This call option would stop trading on Aug. 16 and expire on Aug. 17.I find AMD stock to be a buy candidate, especially as its price declines below $30. In a few years, I'd expect the shares to reach $40.As of this writing, the author holds INTC covered calls (July 19 expiry). More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Can AMD Stock Jump Higher on Q2 Earnings? appeared first on InvestorPlace.
NEW YORK, July 15, 2019 -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: MidSouth Bancorp, Inc. (NYSE: MSL)The.
In 2005, David Brown decided it was time to launch his own long/short-focused asset management firm, and he did it with $4 million of initial capital, naming the fund Hawk Ridge Capital Management. Over the years the fund progressed, reaching $345.99 million in assets under management (at the end of 2016). The fund is headquartered […]
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of Cray Inc. to Hewlett Packard Enterprise .
NEW YORK, June 27, 2019 -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of Barnes & Noble, Inc., El.
NEW YORK, June 26, 2019 -- Halper Sadeh LLP, a global investor rights law firm, announces the filing of shareholder class action lawsuits against BioScrip, Inc. (NASDAQ: BIOS),.
WILMINGTON, Del., June 24, 2019 -- Rigrodsky & Long, P.A.: Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District.
NEW YORK, NY / ACCESSWIRE / June 24, 2019 / Halper Sadeh LLP, a global investor rights law firm, announces the filing of shareholder class action lawsuits against Cray Inc. (NASDAQ: CRAY) and Aratana Therapeutics, ...
The U.S. Commerce Department said on Friday it was adding several Chinese companies and a government-owned institute involved in supercomputing with military applications to its national security "entity list" that bars them from buying U.S. parts and components without government approval. The export restriction announcement adding the firms to what is effectively a trade blacklist is the latest effort by the Trump administration to restrict the ability of Chinese firms to gain access to U.S. technology amid an ongoing trade war. The department said it was adding Sugon, the Wuxi Jiangnan Institute of Computing Technology, Higon, Chengdu Haiguang Integrated Circuit and Chengdu Haiguang Microelectronics Technology - along with numerous aliases of the five entities - to the list over concerns about military applications of the supercomputers they are developing.
Global supercomputer leader Cray Inc. (CRAY) today announced that the Singapore Centre for Environmental Life Sciences Engineering (SCELSE), a renowned Research Center of Excellence at Nanyang Technological University, Singapore (NTU Singapore), has awarded the company a contract for a Cray® CS500™ cluster supercomputer. SCELSE will use the supercomputer for fast tracking its environmental meta-omics projects. SCELSE’s research into understanding and controlling environmental microbial communities requires incredibly complex data analysis on a large scale.
Today at the 2019 International Supercomputing Conference in Frankfurt, Germany, global supercomputer leader Cray Inc. (CRAY) announced that the Swiss National Supercomputing Centre (CSCS) is adding a third Cray® CS-Storm™ supercomputer with Cray ClusterStor® storage to support the development of cutting-edge weather service products at the Swiss Federal Office of Meteorology and Climatology (MeteoSwiss). The new CS-Storm system will join two Cray supercomputers already on site at CSCS, used by MeteoSwiss to run production weather forecasting.
Global supercomputer leader Cray Inc. (CRAY) today announced that, as part of the Frontier CORAL-2 contract with the Department of Energy (DOE) and Oak Ridge National Lab (ORNL), Cray and ORNL have agreed to build a first-of-a-kind exabyte storage solution. The next generation Cray® ClusterStor® storage file system will be integrated as part of ORNL’s Frontier exascale supercomputer, built on Cray’s Shasta™ architecture.
Today at the 2019 International Supercomputing Conference in Frankfurt, Germany, global supercomputer leader Cray Inc. (CRAY) announced enhanced capabilities to empower data scientists and engineers who are innovating in the field of Geospatial AI. Cray introduced a new Geospatial Reference Configuration as well as new features in its Cray® Urika®-CS and Urika®-XC AI and Analytics software suites. The new features include an augmented Deep Learning Plugin that provides best-in-class deep neural network performance training and broadened support for deep learning frameworks.
How do we determine whether Cray Inc. (NASDAQ:CRAY) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data shows that […]
Global supercomputer leader Cray Inc. (CRAY) today announced that Indiana University has selected a Cray Shasta™ supercomputing system to advance the use of artificial intelligence (AI) across diverse research fields at the university and for the state of Indiana. Indiana University will be the first university to deploy a Shasta system, the Cray Slingshot™ interconnect and Cray Urika® AI Suite for Shasta, providing its engineers, researchers and scientists powerful resources for the next era of computing.
NEW YORK, June 06, 2019 -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating Cray Inc. (NASDAQ: CRAY), Amber Road, Inc. (NYSE: AMBR), and EMC.
"Sell in May and go away" is an often-repeated saying on Wall Street. Some years this old adage doesn't apply, but in 2019, the markets have lived to their seasonal reputation in May. Yet Advanced Micro Devices (NASDAQ:AMD) has been one of the few tech companies that have not been as adversely affected as the broader market. Instead, during the past month, it has traded within a range of $26.03-$29.67. AMD stock finished the month at $27.41.Source: Shutterstock However, I believe that there is still room for correction in AMD as a swift resolution to trade tensions is not likely to happen. Therefore, long-term investors can possibly find a lower and thus more favorable entry price into Advanced Micro Devices shares during this volatile phase.Here is why…InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Big Dividend Stocks to Buy as Yields Plunge AMD and the CompetitionAMD is part of the semiconductor industry. This is a highly competitive sector where companies have to stay on the leading edge of technological advances. Product developments and economic cycles both in the U.S. and globally affect their revenues and thus the stock prices.On May 7, the U.S. Department of Energy announced that Advanced Micro Devices and Cray (NASDAQ:CRAY) had been awarded a $600 million contract to develop the 'Frontier' supercomputer. Expected to become the world's fastest computer, Frontier will perform advanced calculations in areas like nuclear and climate research.This important deal confirms that AMD is now a recognized industry leader that can better rival its two main competitors, i.e., Intel (NASDAQ:INTC) and NVIDIA Corporation (NASDAQ:NVDA).In other words, AMD has a roadmap to compete with Intel's dominant CPUs and Nvidia in the graphics-card space. Investors in Advanced Micro Devices stock are also hopeful that the company may grab market share from its two rivals.Share prices of both INTC and NVDA have suffered considerably in May: INTC stock has fallen over 25% and NVDA stock is down over 30%.Intel has especially been facing headwinds in the data center business, its main driver of growth. On April 25, the company issued a warning for the next quarter and lowered its guidance for the year. Datacenter chips have high gross margins; therefore shareholders have penalized Intel shares since this latest warning.NVDA stock has also fallen the past few weeks, especially on the back of data center worries, sales weakness in China and excess inventory correction. Many analysts suggest that NVDA stock's pain may not yet be over.Similarly, on April 30, when Advanced Micro Devices released earnings, its quarterly revenue was down 23% year-over-year. Net income was also down 80% to $16 million.Going forward, like its rivals, AMD is hoping for a pickup in demand. Retail shareholders shouldn't use hope as an investment strategy. If AMD management were to announce yet another revenue or earnings drop soon, Wall Street may decide to hit the "sell" button on the stock.On a final note, the trailing P/E ratio for AMD stock stands at a hefty 106. In comparison, Intel's is 10 and Nvidia's is 25. Therefore if there are any adverse headlines or potential earnings warnings either from AMD or any of its peers, the share price of Advanced Micro Devices could easily go down.In other words, a high P/E ratio also contributes to the volatility in a given stock's price as shareholders tend to regard it as a growth stock and react to earnings reports and other headlines rather fast. Thus investors may decide not to reward AMD with such a high P/E multiple if they fear the stock's growth trajectory is somewhat not on track. Analyst Enthusiasm Is WaningThe escalating trade wars with Beijing coupled with the most recent uncertainty over potential tariffs on Mexican products have sent markets on a downward spiral. Not only stocks, but also many major market indices, and the ETFs that track these indices have sold off.China consumes more than 50% of all semiconductors made worldwide. Furthermore, many U.S. technology companies either have manufacturing plants in China or use Chinese companies in their supply chains. Therefore, Wall Street fears that U.S. chip makers will be among the largest losers of the trade war.The widely followed PHLX Semiconductor Index (INDEXNASDAQ:SOX) is down over 15%. Many investors and traders participate in this group of stocks via the iShares PHLX Semiconductor ETF (NASDAQ:SOXX) or the Vaneck Semiconductors ETF (NYSEARCA:SMH). For these ETFs, the month of May has been a tough ride, too. And June may not necessarily be smooth sailing either.Sentiment around the chipmakers is down and many analysts are less than enthusiastic about the immediate future of this segment. Even before the renewed trade tensions began in early May, Wall Street was already warning about slack demand over the coming quarters as well as a serious downturn in the industry. Could these chip stocks have reached their 2019 highs in the eyes of investors?Shares of semiconductor companies usually act as a bellwether among technology stocks. Therefore, unless the semis stabilize as a group, I do not expect Advanced Micro Devices stock to make new highs any time soon. Short-Term Technical Charts and AMD StockAdvanced Micro Devices is a momentum stock. Therefore, its price volatility is high. On a given day, it is usually a battleground between long-term investors and short-term traders.Since May 6, Advanced Micro Devices stock has been especially volatile on a daily basis. It has traded within a wide range, moving between the high and mid-$20's. AMD stock is currently trading in the middle of this range.In other words, AMD stock price has been consolidating lately. And it is finding support form its 50-day moving average.I believe the stock market will continue to be volatile and weak in June, too. Therefore, sizeable daily swings in AMD stock are likely to continue.In the coming weeks, I expect the AMD stock price to break out of this range. Although the new leg could be either up or down, I expect AMD shares to decline first toward $25 and then further toward $20-$22.5.At that point, I'd expect Advanced Micro Devices stock to start to build a base and then trade sideways, possibly until its next earnings report in late July.However, in case of a swift end to trade tensions, AMD stock would likely rally toward $29, where it would face major resistance. Short Interest and AMD StockAs part of short-term sentiment analysis, investors may also monitor the extent to which stocks are shorted. In other words, they follow the ratio of short positions that are open and yet to be covered. Two investors may look at the same data and have differing views. I tend to use the number as a contrarian indicator.For example, if more than 20% of a stock's float (available shares) are shorted, then even a small rise in its price could actually become a powerful short squeeze and propel the stock much higher.At this point, 11.1% of AMD's shares are shorted. So while there are plenty of traders who have shorted AMD stock, not enough shares of Advanced Micro Devices are being shorted to set the stage for a massive short-squeeze rally.On the other hand, the numbers for Nvidia and Intel are 2.3% and 1.1% respectively. In other words, these two stocks have lost over 25% of their market caps over the past few weeks on very little short-selling. Therefore, the current level of short-selling in AMD stock may put selling pressure on the shares. The Bottom Line on AMD StockAs new frontiers in technology, such as the internet of things (IoT), artificial intelligence (AI), autonomous driving, and 5G, are developed, I am bullish on the future of Advanced Micro Devices, which has been quite successful in recent years.Although I'd not bet against AMD stock long-term, the company is likely to face headwinds in the coming months, including a global decline in PC sales as well as in the chip sector.We may also be some time away from a trade agreement with China, which may increase the expected level of slowdown in the Chinese economy, and AMD stock cannot be completely immune to these macro trends.Therefore those investors who plan to long Advanced Micro Devices may want to consider any fall towards the $22.5-$20 range a good opportunity to buy into the shares.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Sell Impacted by the Mexican Tariffs * 6 Big Dividend Stocks to Buy as Yields Plunge * The 10 Biggest Announcements From Apple WWDC 2019 Compare Brokers The post AMD Stock Looks as If It Finally Is Ready to Cool off a Bit appeared first on InvestorPlace.
WILMINGTON, Del., June 04, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Presidio Bank (OTC PINK: PDOB) regarding possible breaches of fiduciary.
Global supercomputer leader Cray Inc. (CRAY) today announced that the company was awarded multiple honors, known as the Stevie® awards, in the 2019 American Business Awards®. Cray received a Gold Stevie for “Company of the Year - Computer Hardware” and a Silver Stevie award for “Most Innovative Tech Company of the Year - Up to 2,500 Employees.” In addition, Cray’s CTO Steve Scott was recognized with a Gold Stevie for “Tech Innovator of the Year - Hardware/Peripherals” for his leadership and groundbreaking work in architecting Cray’s revolutionary Slingshot™ interconnect.
PHILADELPHIA, June 03, 2019 -- Kaskela Law LLC announces that it is currently investigating: Zayo Group Holdings, Inc. (“Zayo”) (NYSE: ZAYO), in connection with the Company’s.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of Cray Inc. to Hewlett Packard Enterprise .
NEW YORK , May 30, 2019 /PRNewswire/ -- A.O. Smith Corporation (AOS) Lifshitz & Miller announces investigation into possible securities laws violations in connection with allegations questioning AOS' access ...
Today we've highlighted 10 stocks that are currently trading for under $20 per share. All of these stocks sport a Zacks Rank 2 (Buy) or better at the moment...
WILMINGTON, Del., May 28, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Isramco, Inc. (NASDAQ CM: ISRL) regarding possible violations of law related.