|Bid||30.17 x 2900|
|Ask||30.18 x 1800|
|Day's Range||29.96 - 30.45|
|52 Week Range||14.54 - 34.30|
|Beta (3Y Monthly)||3.68|
|PE Ratio (TTM)||120.86|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Over the past decade-plus, Intel's INTC prowess in chip design and manufacturing has enabled it to dominate the PC and server processor markets. Although it missed the boat in smartphone processors, Intel's near monopoly in server central processing units, or CPUs, has allowed the wide-moat chip titan to enjoy stellar profitability amid a declining PC market while riding the cloud wave to substantial growth in its data center group. Although AMD has minimal share today, the combination of Intel's 10-nanometer process technology delays and AMD's upcoming 7-nm Epyc 2 has led the market to anticipate substantial share gains for AMD and the demise of Intel.
AMD CEO Lisa Su led a stunning turnaround at the semiconductor company, which is now giving Intel a run for its money in all areas of the chip business.
After Broadcom cut its forecast sparking a chip stock selloff, one analyst warns that things might get worse.
Broadcom (AVGO) presented their second quarter earnings on Thursday after market close, and the call, as described by CNBC's Jim Cramer, was "truly depressing."
It's been a bumper year for Advanced Micro Devices (NYSE:AMD), as the stock has nearly doubled over the past six months. However, while the semiconductor stock has been running with the bulls for the past year, a 2.3% drop on Thursday morning should be enough to remind traders to keep the bears' thesis in mind.Is AMD stock due for a pullback or are the bears worrying over nothing? Here's a closer look at the bear case on AMD stock. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 Not Everyone's a BullSource: AMD While the majority of analysts are bullish on Advanced Micro Devices stock, some analysts are more cautious on AMD stock. Oppenheimer analyst Rick Schafer is in the cautious camp. While he agrees that AMD's underlying business is strong and that the rally of AMD stock price was based on performance, he said the future gains are already baked into AMD stock price, making it difficult to buy AMD stock now.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnother analyst who has advised staying on the sidelines on AMD stock is Ross Seymore from Deutsche Bank. He set a $25 price target on AMD stock, 17% below where AMD is trading today. Seymore commended AMD's strategic move into the smartphone market and praised the firm's technical ability. But he said the estimates for the firm's future earnings are excessive. He predicts that AMD's annual earnings per share will only average about 10 cents annually over the next three to five years. Both caution that AMD stock is simply too expensive to be a good bet right now. While they agree that its business is strong, they believe the future gains of Advanced Micro Devices stock is already more than priced into the shares. Macro Economic ConcernsPlus there's the overarching worries about trade tension with China, which are weighing on the chip sector as a whole. Many believe that as the trade war between DC and Beijing escalates, demand for devices that require the chips that AMD and its peers are producing will fall dramatically.Plus, some worry that the U.S. economy isn't performing quite as well as the market would have us believe. The Fed is under pressure to cut interest rates again as economic data slides lower, suggesting that the economy isn't as healthy as many expected. AMD BullsOf course, there's a lot to like about AMD stock as well. The firm has made major strides over the past year, taking market share from its larger peers like Intel (NASDAQ:INTC), and AMD's 2019 product pipeline is impressive. In July AMD's Zen 2 processors will hit the shelves, and its Rome server chips are due to be released during the third quarter. Both are expected to be well-received, as they offer top-of-class performance.AMD has been able to post meaningful growth in the data center and desktop processor spaces, and news that the latest Xbox console will be powered by AMD's chips solidified the firm's reputation as a high-quality chip maker. Which Way to Swing?There's no question that AMD stock has had a great 2019- However the back half of the year looks like it could be shaky for AMD. AMD stock price has reached worrying levels that have added a new layer of risk. I agree with the contention by Seymore and Schafer that now is probably not the right time to buy AMD stock, but I don't think those who are already long Advanced Micro Devices stock should rush to sell their shares,The next six months are likely to be bumpy for the market as a whole as the trade war rages on and investors start to internalize economic concerns While AMD has been able to post an explosive performance so far this year, it's facing too many uncertainties to expect that kind of performance during the second half of 2019. The long-term outlook of AMD stock looks solid, but I think the stock has had its 2019 run. I'd keep Advanced Micro Device stocks on my radar in case of a pullback, but with AMD stock trading near its all-time highs, I think investors should be patient. As of this writing Laura Hoy did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Do AMD Stock Bears Have a Valid Argument? appeared first on InvestorPlace.
Stocks fell as Broadcom tripped a chip sector sell-off. Gold miners and Facebook gained, and the Dow Jones industrial index fought to hold the week's gain.
Shares of semiconductor makers suffered in broad selloff in premarket trade Friday, after Broadcom Inc.'s mixed fiscal second-quarter results and lowered full-year outlook raised concerns that a second-half rebound in demand would not occur as expected. Broadcom's stock tumbled 10.2% ahead of the open, after the company reported results late Thursday. That put the stock on track to suffer its biggest one-day drop since it plummeted 13.7% on July 12, 2018. All 22 of the PHLX Semiconductor Index's components that have traded in the premarket are losing ground, with 18 of those trading shedding more than 2%. Among the more active shares in the early going, Advanced Micro Devices Inc. dropped 3.3%, Intel Corp. shed 1.8%, Micron Technology Inc. fell 3.5%, Nvidia Corp. lost 2.8% and Qualcomm Inc. gave up 2.5%. The chip-sector selloff comes as futures the S&P 500 shed 0.3%.
Stock futures: Broadcom warned of "broad-based weakness," citing China trade war tensions. Broadcom stock dived. Other chip stocks fell, along with Broadcom customer Apple.
On Thursday we had some geopolitical news that sent oil prices flying while U.S. stocks pushed higher. The bears still can't grab control of the football, despite the bulls having run so far, so fast. Let's look at a few top stock trades as we enter Friday. Top Stock Trades for Friday 1: Advanced Micro Devices Click to EnlargeShares of Advanced Micro Devices (NASDAQ:AMD) made new highs earlier this week, but have since retreated. The stock is under pressure following an analyst warning on valuation and after reports surfaced of new GPUs from Nvidia (NASDAQ:NVDA).InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's got shares down below $32, as a potential pullback looms. InvestorPlace readers nailed the breakout in AMD over $29. If we could get a "return to the scene of the crime," that would be a great potential buying opportunity. * 7 High-Quality Cheap Stocks to Buy With $10 $30 may buoy the name first, though. That's where the April highs rest with the 20-day moving average trending higher toward that mark now. There are various levels between $27.50 and $30 that should support AMD stock and I consider this a buy-the-dips candidate until proven otherwise. Top Stock Trades for Tomorrow 2: Square Click to EnlargeSquare (NYSE:SQ) did a great job pushing over downtrend resistance (blue line), hurdling its 50-day moving average in the process.So long as SQ stock maintains above $69 it looks good on the long side in the short term. That keeps the stock over the 61.8% one-year retracement and the 50-day moving average. Over the 200-day moving average -- which Square is currently contending with -- could spark a breakout. Top Stock Trades for Tomorrow 3: Disney Click to EnlargeDisney (NYSE:DIS) continues to move really well. Notice how the House of Mouse was almost immune to the May selloff. Not that it didn't come under pressure and dip below its 20-day moving average -- it did -- but that's mostly as shares went from $107 to $142 in just a month's time.After consolidating those gains and reclaiming the 20-day, shares look ready to move again. They are knocking on the door of new highs and it looks like DIS wants it. A breakout over $142.50 could trigger another wave of buying, perhaps pushing it to $150. Top Stock Trades for Tomorrow 4: American Airlines Click to EnlargeAmerican Airlines (NYSE:AAL) is rebounding from a brutal breakdown in late May, with shares crashing through long-time $30 support.However, it's since reclaimed that level, as well as the 20-day and 50-day moving averages. Now it contends with downtrend resistance (blue line), while the 200-day rests about $1 above current levels. Both have been strong levels of resistance.Should they continue acting as resistance, see if investors get another buying opportunity back at $30. Otherwise, a breakout opportunity may be in the cards. Top Stock Trades for Tomorrow 5: Cloudera Click to EnlargeWhat a disaster Cloudera (NYSE:CLDR) has been. Shares have been cut in half in less than a month and appear lost for direction. There are better setups out there, but traders seem to have their eye on this one.Over $5.40 to $5.50 could send CLDR back to $5.90. Clearing this mark is what's necessary to start filling the gap, while the descending 20-day moving average will likely act as resistance. Below $5 is a big concern with CLDR.I'd rather play a different stock… Top Stock Trades for Tomorrow 6: Zscaler Click to EnlargePerhaps something like Zscaler (NASDAQ:ZS).This name has been knocking on the $80 door all day Thursday and wants to bust through like nobody's business. Can it? Maybe this one fails to push through or causes a false breakout, but I like it more than CLDR. Watch for a push through $80 on ZS. * 6 Growth Stocks That Could Be the Next Big Thing This one paid out nicely last time we were watching it.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post 6 Top Stock Trades for Friday: AMD, SQ, DIS appeared first on InvestorPlace.
Early in May, I said that Intel (NASDAQ:INTC) stock was too cheap at $45 per share. Well now, Intel stock is above $46, so while not a multi-bagger win it's still up. But the point I made then is even more true now. INTC has more upside potential than downside risk from here.Source: Shutterstock I am a big fan of the products that Intel provides, but not so much of the recent management decisions. But therein lies INTC's potential. If they're not making good decisions now then they can remedy that going forward in order to create value in Intel stock price.More importantly, since my write up, we had another test of support in equities and INTC. The test was successful so I can assume that the zone around $43 per share in Intel stock is a floor for now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Growth Stocks That Could Be the Next Big Thing Conversely, I recognize that if for whatever reason the floor fails, then it could trigger another leg lower that could target $36 per share. This is not my forecast, but it is a scenario that exists.As far as valuation, Intel is cheap from a P/E ratio perspective. It sells at a 10.7 trailing P/E which is half as expensive as Nvidia (NASDAQ:NVDA) and maybe ten times cheaper than Advanced Micro Devices (NASDAQ:AMD). While this doesn't guarantee success, it does say that owning Intel shares at this valuation is not likely to be a financial catastrophe in the long run.AMD is still the star of the group, so if I wanted to go long the group and if the markets continue to rally it would be the better choice. But it also has a lot of froth that could fall flat the first sign of trouble. The floor in AMD relative to INTC is an abyss too deep for my taste here. Trading Intel StockIntel has the potential of a catch-up trade to redeem itself and fill the gaps above. The first one would bring it up to $50 per share area. The second one is more exciting that would take it all the way to $58 or higher. There will be resistance on the way up at $48, $51, and $53. These were ledges from which Intel fell apart on the way down.The rally won't be easy. The weekly chart shows that the current zone around $48 per share has been pivotal since October of 2017. So onus is on the bulls to reclaim it so they can start using it as forward support. The good news is that the same chart also shows that anything below $43 per share should be solid support. So to help the INTC stock bulls, there is a nice stable footing for them to step off of.In 2016, Intel stock made a major $10 leap higher from the $38 zone. So onus is on the bears to prove that it was a mistake. Its current fundamentals and the macroeconomic environment, suggest that it's not a realistic bearish expectation to fall back below. The U.S. is at full employment, and the global central banks are in full bull mode. So I fail to see the reason why a quality stock like Intel should revert to 2016 prices.Cheap valuation does not guarantee upside price movement. So those who know options can avoid buying shares and hope for a rally. They can instead sell puts against the support levels to create income with no money out of pocket. This way even if the stock meanders lower this year they can still profit. The Bottom Line on Intel StockIn essence they would be getting long INTC with a nice pad from current price just in case the macroeconomic conditions change dramatically. After all we are still at a threat geopolitical headlines especially from the economic war between the U.S. and China. * 7 High-Quality Cheap Stocks to Buy With $10 Although I see an upside opportunity, the price action is not intuitively bullish. INTC stock is lagging the sector. Year-to-date, it's down 1% while AMD, NVDA and the VanEck Vectors Semiconductor ETF (NYSEARCA:SMH) are up 74%, 10% and 20% respectively. So critics can argue that INTC stock is broken. I'd say it's definitely bruised and the company is healthy enough to fix it.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 High-Quality Cheap Stocks to Buy With $10 * 7 U.S. Stocks to Buy With Limited Trade War Exposure * 6 Growth Stocks That Could Be the Next Big Thing Compare Brokers The post Here's How Intel Stock (INTC) Could Rally to $58 appeared first on InvestorPlace.
Has Advanced Micro Devices (AMD) finally caught up to Intel (INTC)? If you’re buying what AMD is selling, perhaps the answer is yes. At the company’s Next Horizon Gaming Event, Client Product Management director Travis Kirsch said, “I don’t think there’s any reason people would buy an Intel processor after we do this,” referring to the launch of the Ryzen 3000 productline, set to debut early next month. The new line of 7nm processors are expected to be more affordable, efficient and faster than comparable products from Intel, who continues to struggle with 10nm development. But besides the new product line, AMD has been making headlines for its contract with the US Government on the world’s most powerful supercomputer, as well as a return to the mobile market through an agreement with Samsung. Though much hype is surrounding the 7nm release next month, Morgan Stanley's Adam Jonas was at E3 in Los Angeles on Tuesday when the company released its Radeon 5700 family of graphic cards. While performance was “in line with the previews given at Comptex,” and an improvement from before, the analyst said “prices were higher than...anticipated.” Though Jonas is “less cautious” on the stock, he continues “to think that full year 2019 estimates are too high in graphics.”As such, Jonas reiterates his Equal-weight rating on AMD stock with a $28 price target, which implies nearly 13% downside from current levels. (To watch Jonas' track record, click here)Nonetheless, there are reasons for investors to be optimistic in 2019. The release of the Radeon family, coupled with the Ryzen 3000 lineup, continue to show the tech world that AMD is a formidable challenger in multiple verticals. The company is expected to compete fiercely with Intel with the release of its 7nm chips next month, and continues eating away at Nvidia and other rivals in graphics. The recent announcement that the company would work with Cray on the world’s most powerful supercomputer has also contributed to rising sentiment — while revenue-generation isn’t expected to be massive, it signals confidence in the company. Finally, the recent partnership with Samsung to license its technology to the mobile market is expected to contribute over the next five years. When looking at Wall Street’s stance in general, TipRanks analytics showcase AMD as a Buy. Out of 21 analysts polled in the last 3 months, 13 rate Buy on AMD stock, while 8 maintain a Hold.Read more on AMD: * Deutsche Bank Remains Sidelined on AMD Stock * AMD Stock: Another Bear Bites the Dust * Is Now the Time to Pull the Trigger on AMD Stock? Rosenblatt Says Yes * AMD Makes Splash at Computex, Rosenblatt Weighs in on the Stock More recent articles from Smarter Analyst: * Village Farms (VFF) Has a Lot Going for It * Hexo Has Difficult Days Ahead, Analyst Says * Square (SQ) Growth Slowing, But Evercore Remains Bullish on the Stock * This Analyst Sticks with His Buy Rating on Aphria (APHA) Stock, But Trims Price Target
Investing.com - Advanced Micro Devices has been on a tear since its December low, up nearly 90%, but Oppenheimer delivered a caution note on the chipmaker and suggested there were better growth opportunities elsewhere, not least in rival Nvidia.
Stock markets are back to hovering around their all-time highs. But this Pimco strategist says it's still important for investors to be cautious
President & CEO of Advanced Micro Devices Inc (NASDAQ:AMD) Lisa T Su sold 164,000 shares of AMD on 06/10/2019 at an average price of $33.66 a share.
In the latest trading session, Advanced Micro Devices (AMD) closed at $32.17, marking a -0.73% move from the previous day.
Advanced Micro Devices, Inc. (NASDAQ: AMD ) is credited for its strong product momentum in recent years, which has helped it to challenge Intel Corporation (NASDAQ: INTC )'s pole position. The Analyst ...
While Advanced Micro Devices (AMD) seemingly made the right decision by focusing on GPU and CPU — as evident by its continued rising market share — the company recently partnered with Samsung to reenter the mobile market. This is big news for the AMD. While the company itself won’t be developing chips for smartphones, it will license its technology to the phone giant, who will pay license and royalty fees. This opens up an entirely new market for AMD, who already in 2019 has made headlines for its new 7nm chip and being contracted to develop the world’s most powerful supercomputer.Not convinced? Deutsche Bank analyst Ross Seymore isn't. The analyst maintained a Hold rating on AMD stock, with a $25 price target, which implies nearly 23% downside from current levels. As always, we like to give credit where credit is due. According to TipRanks, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Ross Seymore has a yearly average return of 26% and a 79% success rate. Seymore is ranked 30 out of 5,191 analysts.While the analyst isn’t changing his mind on the stock, he does believe the return to mobile is “clearly a positive for AMD, as it allows the company to address an additional portion of the graphics market TAM (smartphones) in a profitable manner.” Before this partnership, the company “had not addressed this ‘ultramobile’ portion of the graphics market since it sold its mobile GPU IP to QCOM in 2009 (aka Adreno),” but serves as a large and growing market as mobile penetration continues to increase. In Seymore’s view, not only does this open the door for more revenue, but “this announcement provides an endorsement of AMD’s RDNA architecture (the basis of next-generation Navi GPUs to be released in July).” This is similar to that of the US Government’s decision to contract AMD to develop the world’s most powerful supercomputer — while it won’t be a significant revenue generator, it is a testament on AMD’s technological ability. AMD expects to “generate hundreds of millions of dollars across the multi-year lifetime of the agreement,” but the exact numbers are not clear yet, says Seymore. Based on his “experience in this sector,” Seymore believes this agreement “could imply ~$0.10/year in EPS over” a 3-5 year time period.All in all, while Seymore remains sidelined, 2019 is proving to be a great year for AMD. The company continues to show the tech world — and investors — that it is a formidable competitor on many fronts. TipRanks analysis of 21 analyst ratings echoes the positive sentiment, with 13 analysts say Buy and eight analysts suggest Hold. Read more on AMD: * AMD: Another Bear Bites the Dust * Is Now the Time to Pull the Trigger on AMD Stock? Rosenblatt Says Yes * AMD Makes Splash at Computex, Rosenblatt Weighs in on the Stock * Amid Battle, Both AMD and Intel Stocks are Buys, Says Analyst More recent articles from Smarter Analyst: * Village Farms (VFF) Has a Lot Going for It * Hexo Has Difficult Days Ahead, Analyst Says * Square (SQ) Growth Slowing, But Evercore Remains Bullish on the Stock * This Analyst Sticks with His Buy Rating on Aphria (APHA) Stock, But Trims Price Target
Popular technology stocks have recently staged a rebound. But segmented money flows show the rally is suspect. Let’s examine the issue with the help of a chart. Chart Please click here for a chart showing money flows in 11 popular tech stocks.
Dow component Microsoft has surged to an all-time high ahead of the E3 Expo, underpinned by euphoria about the new Xbox gaming console.
Advanced Micro Devices stock will continue to gain share in the semiconductor market and should maintain its “microprocessor momentum,” according to Nomura Instinet.
U.S. stock futures are trading lower this morning in what should be viewed as garden variety profit-taking after a strong rally. Thus far, the giveback has been minimal.Heading into the open, futures on the Dow Jones Industrial Average are down 0.19% and S&P 500 futures are lower by 0.20%. Nasdaq-100 futures have shed 0.34%.In the options pits, the difference between calls and puts narrowed, showing more muddled action than what we've seen recently. Overall volume settled near average levels with approximately 16.1 million calls and 15.8 million puts changing hands.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMeanwhile, over at the CBOE, the single-session equity put/call volume ratio continued climbing and finished at 0.65. That lands it right on top of its 10-day moving average.Options activity was a mixed bag on Wednesday (Options traders zeroed in on analyst actions yesterday). Sprint (NYSE:S) shares fell almost 6% amid concerns of its merger with T-Mobile US (NASDAQ:TMUS). Advanced Micro Devices (NASDAQ:AMD) finally succumbed to profit-taking after a rip-roaring rally. Finally, Facebook (NASDAQ:FB) notched its sixth consecutive up day, boosted by an analyst upgrade.Let's take a closer look: Sprint (S)Sprint shares fell to a new three-week low at $6.58 yesterday in a bearish session that had the telecom company on the ropes. The heavy volume, 5.87% whack unwound much of the gains from last month's gap on optimism surrounding the company's merger with T-Mobile. * 7 A-Rated Stocks to Buy Under $10 The drop was enough to send S stock below its 20-day moving average, but numerous support levels loom closely. The biggest zone is $6.50, which marked a long-term resistance level that was tested countless times over the past year. Now that we're testing it from the topside, there's a good chance it could become support.On the options trading front, traders stampeded into put options. Total activity shot to 174% of the average daily volume, with 84,083 total contracts traded; 78% of the trading came from call options alone.Heightened uncertainty is keeping implied volatility pumped up. It ended the day at 133% or the 62nd percentile of its one-year range. Premiums are pricing in daily moves of 55 cents or 8.4%. Advanced Micro Devices (AMD)Advanced Micro Devices shares have been hot as a pistol lately, but even the best stocks can't defy gravity forever. With the stock flashing extreme overbought readings and running headlong into last year's peak, Tuesday's 2.3% drop should come as no surprise. We're seeing further downside follow-through premarket with AMD stock poised to open down just shy of 2%.Weakness toward the $30 level has to be viewed as a buying opportunity. The momentum backing AMD's price trend is simply too strong to bet against.On the options trading front, calls outpaced puts for the day. Total activity barely eclipsed the average daily volume at 108%. For the session, 358,701 contracts traded with calls accounting for 60% of the take.Implied volatility fell to 56% and now sits at the 29th percentile of its one-year range. Premiums are still high enough to support options selling strategies. Naked puts are my preferred choice here. Facebook (FB)Facebook notched its sixth consecutive up day, climbing 2.5%. It has officially reclaimed all that was lost by last week's nasty plunge on fears of increased government scrutiny. The sharp rebound was aided by an upgrade by MoffettNathanson. Analyst Michael Nathanson lifted his rating to Buy from Neutral due to its attractive valuation.Here's the money statement in his research note:"When comparing across a broader set of metrics among our Internet coverage group, Facebook stands out as being the cheapest despite having the strongest projected growth." * 10 Smart Dividend Stocks for the Rest of the Year With FB stock up six days in a row and old support at $180 looming large as potential resistance, buyers would be well served in exercising some patience here. A break above the 50-day moving average is needed before the short-term downtrend reverses higher.On the options trading front, traders favored calls on the session. Total activity ticked up to 106% of the average daily volume, with 259,418 contracts traded. Calls claimed 66% of the session's sum.Implied volatility fell to 31%, placing it at the 36th percentile of its one-year range. The expected daily move is $3.45 or 1.9%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for the Coming Recession * 10 Smart Dividend Stocks for the Rest of the Year * 5 Tech Stocks That Are Far Too Risky Right Now Compare Brokers The post Wednesday's Vital Data: Sprint, Advanced Micro Devices and Facebook appeared first on InvestorPlace.