152.80 +1.32 (0.87%)
After hours: 7:57PM EDT
|Bid||152.90 x 900|
|Ask||153.00 x 900|
|Day's Range||151.37 - 155.88|
|52 Week Range||124.46 - 292.76|
|Beta (3Y Monthly)||2.50|
|PE Ratio (TTM)||28.59|
|Forward Dividend & Yield||0.64 (0.42%)|
|1y Target Est||N/A|
Chipmaker Nvidia is at the forefront of AI and machine learning, but earnings and share prices have dived. Here is what fundamental and technical analysis say about buying Nvidia stock now.
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 […]
Susquehanna Financial Group lowered its price target on Nvidia shares citing increased competition over the coming year.
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.”
According to an unpublished Federal Register notice, the United States has added Wuxi Jiangnan Institute of Computing Technology, Sugon, and Sugon's three affiliates to the “Entity List.”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.
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.
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Feinstein’s husband Richard C. Blum, the founder and head of Blum Capital, also bought up shares of biotech Allogene in May.
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.
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.
Chart Reading For Beginners: Using examples from Netflix, Nvidia and others, discover three telltale clues that help you see if it's time to buy, sell or hold your stocks.
The US-China trade war accelerated in May as the two countries hiked tariff rates and the US banned firms from doing business with Huawei, one of the biggest customers of the tech industry. In May, the WSTS lowered its November 2018 estimate of a 3% YoY decline in global semiconductor revenue in 2019 to 12%.
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.
Support has held for Nvidia (NASDAQ:NVDA) shares again. In late May, the Nvidia stock price dipped below $135. As was the case in November, late December, and late January, NVDA stock rebounded.Source: Nvidia There has been some outside help, admittedly. Progress on the trade war with China has boosted the entire chip sector. The tech-heavy NASDAQ Composite looks like it's targeting new all-time highs. But at least for now, the market seems to have a threshold where it decides the Nvidia stock price is just too cheap.The question now is whether that support can hold again, if tested. And that comes down to the chipmaker's performance in the second half of its fiscal 2020. That starts about six weeks from now. This is a second-half story, as I've written earlier this year and as NVDA management itself has insisted.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf management is right, the rally could keep going. I remain skeptical, given long-term risks. Plus, the short-term news of late looks mixed. NVDA Stock and the Second HalfTo be sure, it's widely known that NVDA relies on a second-half recovery. Management made that case after fiscal-fourth-quarter results. They even took the unusual step of offering full-year guidance to highlight the dichotomy between the first and second half. * 6 Stocks Ready to Bounce on a Trade Deal So far, Nvidia continues to sing the same tune. CFO Colette Kress reiterated on Q1's conference call in mid-May that "we expect a stronger second half than the first." Last week, at an investment conference, she said much the same regarding data-center demand.There are two factors at play here. First-half results last year, in the company's fiscal 2019, were enormously impressive. In retrospect, those results were driven by demand for cryptocurrency mining. In the first half of this year, Nvidia faces very difficult comparisons. It's also suffering from what the company itself has called a "crypto hangover." At the same time, data-center demand has slowed, as key customers paused spending.In the second half, however, the situation reverses. Comparisons get easier, particularly in Q4. And data-center growth -- as Kress said last week -- should return. And so the Street at least sees revenue declining 18% in Q2 and 6% in Q3 before a sharp rebound (+47%) in Q4 sets up 20% growth in fiscal 2021. The Importance of the RecoveryThe question now is whether that recovery is on the way. And it's not just a matter of NVDA earnings rebounding a quarter or two early -- or a quarter or two late.First, management's credibility is at stake. Last year, Nvidia clearly misjudged cryptocurrency demand both financially and operationally. The company didn't see the drop-off in sales coming. Unfortunately, it overproduced GPUs, leading to an inventory glut in the first half of this year. Another broken promise will make Nvidia a "show me" story for some time to come.Secondly, data-center demand in particular must come back quickly. That's an area where investors see years of double-digit growth ahead. A longer slowdown will raise fears that demand issues aren't short-term, but rather a sign that investors (and management) simply overestimated the market opportunity.And third, Nvidia has an opportunity to take share from Intel (NASDAQ:INTC) in that market. Intel is dealing with shortages and a number of other unforced errors. Its leadership team seems more cautious about second-half demand. If Nvidia sees a recovery and Intel doesn't, that's a sign that Intel's dominance in that market is eroding further. That leaves NVDA and Advanced Micro Devices (NASDAQ:AMD) likely picking up share. But Is It en Route?Is that recovery on the way? We'll see. CFO Kress' sentiment toward data center, and similar comments from another Nvidia executive regarding AI a week before, unquestionably are good news. We don't know exactly how clear is Nvidia's visibility into Q3 and Q4. However, the company hasn't backed off its forecast yet.On the other hand, chip giant Broadcom (NASDAQ:AVGO) sounded much more cautious after its fiscal Q2 report last week. The day before, Evercore (NYSE:EVR) pushed its forecast for a recovery well into 2020. As MarketWatch noted after Nvidia earnings last month, Microchip Technology (NASDAQ:MCHP) CEO Steve Sanghi "lightly walked back" his call of a bottom in chips.To be sure, Nvidia doesn't necessarily play in the same markets as those other chipmakers. It's possible NVDA could follow the bullish trajectory while the rest of the space stays stuck near the bottom of the cycle. Still, after the debacle last year, it's wise to take Nvidia management's projections with a grain of salt.With Nvidia stock still off the lows, there is a case to stay patient. After all, the recovery can come in Q4 FY2020 or Q3 FY2021. NVDA still isn't that expensive on an earnings basis, though it's not cheap by chip standards. The long-term growth drivers -- data center, artificial intelligence, autonomous driving -- are mostly in place.But AMD is rising as a real competitor. I personally still see self-driving cars as a long way off. And investor patience is likely going to wane if NVDA is overpromising again. Nvidia stock has bounced off support several times. It won't be able to do so forever.As of this writing, Vince Martin has no positions in any securities mentioned. 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 Nvidia Stock Shows Life Ahead of a Key Second Half appeared first on InvestorPlace.
Advanced Micro Devices (NASDAQ:AMD) had been on a roll through June, culminating with an impressive 7.86% gain on June 10 that put AMD stock at a new high for 2019. After a weeklong slide that saw AMD stock price dip below $30, it's been bouncing back, but slowly. However, after gaining ground earlier this week, it's once again sliding, including a 1.61% drop on Thursday that put it just a penny above that $30 mark. Sometimes the road to recovery can be rocky…Source: AMD AMD's primary revenue source is its Computing and Graphics division. In the first quarter, this segment brought in $831 million out of $1.27 billion in total revenue for the period. That was down 26% year-over-year, and although the drop was expected -- the bottom falling out of the crypto currency mining business was sure to be a boat anchor on GPU sales -- AMD stock took a hit after those numbers were reported. Rivals Nipping at AMD's HeelsIt's useful to see how Advanced Micro Devices stock has performed compared to its rivals in that Computing and Graphics division. InvestorPlace - Stock Market News, Stock Advice & Trading TipsNvidia (NASDAQ:NVDA) is AMD's primary competition in graphics cards. And while graphics card sales took a hit industry-wide because of the crypto collapse, Nvidia managed to gain ground on AMD. In Q4 2018, it was reported that Nvidia had grabbed a commanding 80% of the desktop GPU market, up from 66% the year before. However, when you look at the trajectories of these two stocks so far in 2019, they are very different. Since the start of the year, AMD stock is up 78.9% while NVDA has posted 19.63% growth. Over the past three months, amid the renewed threats of tariffs as the China-U.S. trade war escalates, the AMD stock price has still gained 9.36% while NVDA has been in a slump, losing 16.76%. * 7 Top-Rated Biotech Stocks to Invest In Today When it comes to desktop and laptop PC processors, AMD's competition is Intel (NASDAQ:INTC). And while Intel still dominates that market, AMD has been successfully chipping away at its lead. A new generation of AMD Ryzen processors announced in May has the potential to extend those gains even further. Intel's stock has gained 5.8% since the start of the year, compared to that 78.89% growth for AMD stock. And during the past three months -- where Intel has not only been hurt by the China situation, it was also hit by another high profile CPU vulnerability -- Intel stock has lost 13.31%. Positives Driving Advanced Micro Devices Stock RecoveryThe question has to be asked: With the trade war with China affecting the entire tech industry, dried up demand for GPUs affecting both Nvidia and AMD, and Nvidia growing its lead in desktop GPUs, why is AMD stock outperforming its rivals to such a high degree in 2019?A big part of the answer is correction. Advanced Micro Devices stock was actually trading at around the same levels last fall as it is today. But a Morgan Stanley downgrade in October caused AMD stock to crater. Since then, the AMD stock price has been on a slow but steady rise, getting a big boost on June 10 when the same MS analyst raised his outlook on the company. What looks like huge gains is really Advanced Micro Devices stock recovering, climbing back up to its 2018 levels. AMD may have lost ground in the desktop GPU market, but there is buzz building about its newly announced 7nm Radeon graphics cards and they could help to win back ground lost to Nvidia. The latest Ryzen CPUs look to be even more competitive with Intel's best to keep that segment growth going. And AMD has won a series of high profile gaming contracts. The company's processors and GPUs will be powering the forthcoming Playstation 5 and Xbox Scarlett game consoles, as well as the new Stadia game streaming service from Alphabet's (NASDAQ:GOOGL) Google. That Stadia announcement alone gave AMD stock a 12% boost. * 5 Stocks to Buy for $20 or Less A big test of investor confidence will be AMD's Q2 earnings, due to be announced on July 23. With Q2 EPS projected to be 8 cents (a year-over-year decline of nearly 43%) and revenue also expected to be down, the question will be whether optimism for AMD will prevail. If not, June 10 may turn out to be the 2019 high point for Advanced Micro Devices stock.As of this writing, Brad Moon 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 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 June Sees AMD Stock Dip Amid Its Continuing Year-Long Recovery appeared first on InvestorPlace.
It's not to suggest shares of Advanced Micro Devices (NASDAQ:AMD) will never move higher again. But, for the time being anyway, AMD stock has arguably climbed as far as it's going to climb.Source: AMD That's not going to be a premise most fans and followers of the rebuilt company embrace. Aside from the well-established momentum that's pushed the stock higher since late last year, Advanced Micro Devices just recently unveiled several next-gen products expected to drag the company even deeper into the black.The fact that rival Intel (NASDAQ:INTC) is on the ropes and competitor Nvidia (NASDAQ:NVDA) has yet to fully answer the call only bolsters the bullish case.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe turnaround story is entering a new chapter though, and analysts are now tacitly saying where it's going is less meaningful than where it is. * 6 Stocks Ready to Bounce on a Trade Deal A Closer Look at AMD StockIt's a rarity for a stock to actually reach a consensus target. Far more often than not, the same improving fundamentals that drive a stock higher prompt analysts to up their forward-looking price targets, leaving most tickers perpetually chasing a carrot that always rests just ahead.Despite the impressive turnaround CEO Lisa Su has led since taking the helm in 2016 the next leg of forward progress is going to be even tougher than the past progress has been.The subtle clue of that looming reality lies not what in analysts have done, but in what they've not done. Despite room and reason to do so, the analyst community has refused to pump up their average price target any higher than its current reading of $30.18, even though AMD stock surpassed that level earlier this month.This isn't highly unusual for Advanced Micro Devices. The resurgence of the once-great company has captivated the masses, inspiring a similar scenario beginning in the middle of last year when the stock's price blew past the then-target price and continued to widen that divergence for several weeks. That was also the shape of things beginning in April of this year, albeit to a lesser degree. Analysts have at least been willing to match the stock's recent rise with their consensus target. Click to EnlargeIf it looks and feels different this time though, that's because it is. Then, even as the target price was rising, buy/sell ratings of AMD stock were falling, with the pros unsure of what to make of the matter. The pros weren't entirely sure of what to make of it.This time, the ratings are holding steady at just above a "Hold," and the market's willingness to not rush past the consensus suggests at least some investors are in agreement that the consensus target seems reasonable… even for this amazing turnaround story. They believe the turnaround was real. They just don't like the price one has to pay to participate in it.Analysts are quietly breathing a sigh of relief too, not feeling pressured to chime in with knee-jerk target increases only from fear of failure to make a profitable call.And there's the rub for newcomers. The turnaround story is running out of gas. It's not likely to be a coincidence that the peak from early June is almost perfectly aligned with the peak from September. The charts, fundamentals, media, analysts all are working together in effect. Looking Ahead for AMD StockNever say never. Right or wrong, the end of the trade could prove inspirational to all investors across the board. Should Intel announce another delay in the development of its next-generation chips, AMD benefits. Unless Nvidia comes up with a show-stopping product soon, AMD benefits. Some well-crafted enthusiasm could still pull a wave of new buyers into Advanced Micro Devices stock.Such an outcome is arguably less likely than it was a year ago though, now that the turnaround story has been told in its full glory. There's not a lot that's new to keep such tremendous bullish pressure applied. From here, the company will be judged on its results rather than its potential or its trajectory.It's something that hasn't been said of Advanced Micro Devices in a long, long time.Analysts aren't net-pessimists to be sure, but they clearly think the euphoria stage of the turnaround has run its course. The looming "show me" phase is a much tougher one.As of this writing, James Brumley held no positions 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 * 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 Now That the Turnaround Is Complete, AMD Stock Is Cooling Off appeared first on InvestorPlace.
In Bank of America Merrill Lynch’s June 2019 survey, the trade war remained the top risk cited by 56% of the respondents. Since Trump’s tweet on May 5, trade tensions have only revived with China retaliating in kind. Time and again, Trump has also talked about bringing another $300 billion worth of Chinese imports under tariffs.
With examples from Facebook, Nvidia and Netflix, see how to spot and profit from three common chart patterns: cup with handle, double bottom and flat base.
Let's see what we should expect from Micron's third quarter fiscal 2019 financial results that are due out on Tuesday, June 25.
Today I focus on three high profile stocks whose performances cover the whole spectrum. But long term they all have tremendous upside potential. At one end, Beyond Meat (NASDAQ:BYND) stock is the most loved, up 200% year-to-date. At the other end, Nvidia (NASDAQ:NVDA) cannot catch a break lately. Somewhere off to the side is Uber (NYSE:UBER), which is in limbo while it recovers from a controversial botched IPO process.These are three entirely different bullish thesis, but they will all need the help from the overall market action. Maybe only BYND can defy gravity in falling markets because of its particular situation.So with that in mind, my view is positive on the macroeconomic conditions. We have full employment in the U.S. and companies are delivering impressive profit and loss statements. Worry warts complain about deteriorating conditions based on the recent reports, but to me, the government data is highly unreliable.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGovernment reports are notoriously inaccurate and subject to huge revisions. But even if data continues to worsen into the summer, we know that the Federal Reserve is ready to save the day. Just yesterday, Federal Chairman Jerome Powell reiterated the Fed's stance on rates. It is done raising them and seven members want to cut rates twice this year.Clearly, the Fed put is back in and investors see this as a large safety net. Usually this makes it possible to buy-the-dips. Sellers will need new headlines to cause corrections and even then, they are not likely able to sustain them. The default price action absent from headlines is up.The next hurdle is the G20 meeting coming next week. After a contentious month, we learned recently that the U.S. and China have recommitted to a new round of negotiations.Presidents Trump and Xi are also tentatively set to meet in Osaka. These discussions are very volatile, but for now, the bulls have the reins unless politicians decide to blow the talks up. So we are likely to meander up into the June 28 event. * 10 'Buy-and-Hold' Stocks to Own Forever But the point of today's write up is to argue for the long-term outcomes of these great stocks and each for its own reason. But starting out on a good note is a plus and that's why we evaluate the immediate outcome of markets. Moreover, if the meetings yield results, then the S&P 500 will make a new all-time high and I bet it would go much higher than most experts' estimates. With all of that said, here's a deeper look into why BYND, NVDA and UBER would live up to their huge potential in a rising market. Beyond Meat (BYND)Source: Shutterstock BYND stock has become a full-fledged phenomenon. It is making headlines every day. The consensus in the media that it's definitely overdone and that it's only rising because of a short squeeze.But what if it's not just a technical blip?The debate over humans being meat eaters or not is ancient. There are solid arguments on both sides. It comes down to the motivation of not eating meat. Some believe it's healthier, but the more interesting reason is moral. Vegetarians avoid meat to be more humane to the animals. On that front, the incremental upside demand on BYND products will come from the massive group of people who currently eat meat but need a reason to stop. If BYND offers that option to do the right thing and come close in look, feel and taste, hoards will make the switch.The point is that there is tremendous demand lurking and it's a matter of how fast Beyond Meat can ramp up production. This is similar to the Cannabis thesis where the companies' bottleneck is production to meet demand. That's why pot stocks like Canopy Growth (NYSE:CGC) and Cronos (NASDQQ:CRON) are bid so high over the massive addressable market.So from an investment perspective, this thesis suggests that the high demand for a replacement product for meat will make BYND stock grow into its current astronomic valuation. Plug your nose and buy it. Uber (UBER)Source: Shutterstock Before Beyond Meat stole the show, Uber was the stock that hogged the headlines. This is the poster child of the unicorns.Critics say that it remained private for too long and that it lost too much money. There is a strong wave of detractors who even believe UBER will never be profitable. During its last earnings report, the CEO clearly stated otherwise.The bullish thesis for UBER stock is simple. This is an app that will be on almost every smart phone on the planet. There is very little chance the company fails in its mission. Uber is already disrupting passenger, food and freight deliveries. Recently we also learned that it will launch airborne deliveries, so the sky is literally the limit.Its most tangible and immediate leap higher in earnings will probably come from the Uber Freight division. Business accounts are usually harder to acquire, but the recurring benefits from them grow faster and they are stickier. This addresses the concerns that investors have from their battle with Lyft (NASDAQ:LYFT). Lyft shows no intention of following Uber anywhere else.The bottom line for UBER stock is that we don't even have a clue to what the future upside potential will include. So betting against it now is short-sighted. * 7 Blue-Chip Stocks to Buy for a Noisy Market I don't have an exact target for Uber stock since above here, there is nothing but open air. But like Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX), this is a stock that is disrupting multiple industries and it will be three digits sooner rather than later. Nvidia (NVDA)Source: Shutterstock Unlike the first two stocks to buy on this list, Nvidia is not bloated. The long-term thesis was already established, but things went wrong as it took a massive detour in October 2018.The start of its correction was that it had too much love on Wall Street. So now the prism is simple: It rose too fast to its highs of $290 and consensus was too directional. This caused the wave of hate to overshoot the other way and go too low. So admiration turned into disrespect.Both positions are wrong. Eventually, Wall Street will go back to the middle-of-the-range opinion, which would bring NVDA stock closer to $230 per share. After all, NVDA is a premier technology company that will be a major supplier to all the right technological advancements from AI to self-driving cars.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. 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 3 Speculative Stocks to Buy and Keep for the Long Term appeared first on InvestorPlace.