In Thursday’s Blitz Daily with Lance Ippolito, we take a look at semiconductor stock AMD after a series of bullish analyst reports.
If you're not trading weekly calls in the high-growth, high-multiple, highly shorted, high-beta names right now, then what are you doing?!
It’s been another huge day of trading these junk names — and it’s almost too much fun for one trader to handle!
Markets saw more massive inflows of cash Thursday into options chains as these beaten-down companies that continue to squeeze higher.
One growth name on the move was our good friend, AMD… The chipmaker is seeing a fresh round of positive headlines from analysts. Morgan Stanley, Northland Capital and now Bernstein Research each offered bullish guidance in the past two weeks — with Bernstein reaffirming its $135 price target — almost 70% higher than AMD’s current stock price around $80.
The news helped spike AMD 6% higher and had institutional buyers dropping chunks of cash on options plays up and down the chain!
And it’s not the only fast-moving growth name hitting the tape…
Did you miss this week’s WealthPress Live Roundtable? Catch the replay video below…
And be sure to join WealthPress Senior Strategist Roger Scott, Joy of the Trade’s Jeff Zananiri and me each Wednesday at 11:30 a.m. EDT for the WealthPress Live Roundtable, where we’ll discuss the biggest topics on Wall Street.
In this week’s roundtable, we covered:
A market update from Roger, Lance and Jeff.
Emerging sector leaders.
An update on the “junk stocks” Lance has been crushing it on, and the sector he says to avoid like the plague right now..
9 new trades issued Wednesday and more!
Be sure and tune in every Wednesday at 11:30 a.m. EDT for the WealthPress LIVE Roundtable!
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