In Tuesday’s Blitz Daily with Lance Ippolito, we take another look at semiconductor manufacturer AMD after it received high praise from one of its top critics...
After a decade-long freeze out, Advanced Micro Devices has once again earned an “outperform” rating from Bernstein Research — the firm’s highest rank.
A combination of strong performance history, a closing acquisition of cloud service chipmaker Xilinx, and the market’s recent pullback helped get the company back into Bernstein’s good graces.
The news helped pop AMD shares as much as 4.7% from Friday’s closing price, and bullish traders were quick to pounce on the options!
Of course, AMD wasn’t the only name seeing outsized order flow Tuesday... I have two more top trades hitting the tape inside…
ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day.
DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk.
DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit wealthpress.com/terms for our full Terms and Conditions.
0 Response to "AMD Shares Pop After Elusive Stock Upgrade"
Post a Comment