Wall Street Analysts Continue To Jump Onto the Bullish AMD Bandwagon.
Shares of Sunnyvale, California-based Advanced Micro Devices, Inc. (NSDQ:AMD) have been on a run this year. Starting this year at $2.87, AMD stock closed the last trading session at $11.51, having more than quadrupled investors money in the year to date. Wall Street Analysts have been jumping onto the bullish bandwagon thick and fast, hiking price targets and upping ratings even as the AMD stock has acceleratedto newer highs throughout the year. With 2016 drawing to a close, can AMD stock continue its dizzying run in 2017?
Number Of AMD Bulls Is Clearly Rising On Wall Street
The rise in AMD stock price has been accelerated by a continuous flow of bullish commentary from Wall Street. In this month alone, AMD has received bullish notes from many Wall Street firms including BAML, BMO Capital Markets, Canaccord Genuity, Morgan Stanley and Jefferies. Mizuho securities analyst Vijay Rakesh was the latest to join the party, upgrading AMD stock to a ‘Buy’ rating from ‘Neutral’ earlierwhile setting a $13 price target, implying 13% further upside from the last close price. As per thefly.com, the Mizuho analyst ‘sees deep learning and AI as the next big computing paradigm and believes the company has an opportunity for deep learning with its new Radeon ProGFx/Ryzen products.’ (See also: Advanced Micro Devices, Inc: Is AMD Stock Set To Skyrocket After Ryzen Release?)
day trading training: Christopher & Banks Corporation(CBK)
- [By Lisa Levin]
Shares of Christopher & Banks Corporation (NYSE: CBK) got a boost, shooting up 24 percent to $1.50 after the company reported strong preliminary revenue for the third quarter.
- [By Lisa Levin]
Christopher & Banks Corporation (NYSE: CBK) shares were also up, gaining 40 percent to $2.64. Christopher & Banks reported a Q4 loss of $0.24 per share on revenue of $94.6 million. The company projects Q1 revenue of $93 million to $98 million.
day trading training: Waste Management, Inc.(WM)
- [By John Bromels]
The stock of the country’s second-largest waste management company,Republic Services(NYSE:RSG), has been on a tear this year, up nearly 30%. That rivals the performance of its larger competitorWaste Management(NYSE:WM), which is up about 33% for the year.
day trading training: Teck Resources Ltd(TCK)
- [By Ben Levisohn]
Given revised commodity deck forecasts (particularly for Steel and Gold) and improved Balance Sheet health (Steels, Precious and Industrials Metals) we are upgrading our ratings on several stocks in our coverage. We generally favor companies that have already initiated specific self-help, have low-cost assets and are less exposed to China supply and demand dynamics. In Steels, we have increased our rating from Hold to Buy on Nucor (NUE) and from Sell to Hold on US Steel. We have also upgraded Kinross Gold (KGC) to a Hold on valuation…On higher-than-peer valuations, we reiterate Sell-rated Coeur Mining (CDE), Franco-Nevada (FNV), Goldcorp (GG), Teck Resources (TCK) and highly leveraged AK Steel given preference to issue further equity if possible.
- [By Wayne Duggan]
After a brief one-day flip to “sell,” Teck Resources Ltd (USA) (NYSE: TCK) opened Friday’s session with a more than 20 percent gain and triggered a brand new Parabolic SAR buy signal.
- [By Lisa Levin]
On Thursday, basic materials shares rose by 3.08 percent. Top gainers in the sector included Cliffs Natural Resources Inc (NYSE: CLF), Companhia Siderurgica Nacional (ADR) (NYSE: SID), and Teck Resources Ltd (USA) (NYSE: TCK).
- [By Benzinga News Desk]
Stephens (Equal-Weight) and Citi (Sell) both downgraded Atwood Oceanics (NYSE: ATW).
Sell-Side's Most Noteworthy Calls Investec downgraded Anheuser-Busch (NYSE: BUD) to Hold. Deutsche Bank downgraded Freeport McMoRan (NYSE: FCX) to Hold. Goldman Sachs upgraded Microsoft (NASDAQ: MSFT) to Buy. Barclays upgraded Teck Resources (NYSE: TCK) to Overweight. BTIG started Adobe (NASDAQ: ADBE) at Neutral. Deal Talk
U.S. oil refiner Tesoro (NYSE: TSO) said it would buy Western Refining (NYSE: WNR) for $4.1 billion to add refineries in Texas, New Mexico and Minnesota. The combined company will have refining capacity of over 1.1 million barrels per day. Tesoro has refineries in California, Washington, Alaska, Utah and North Dakota.
- [By Lisa Levin] Related TCK 7 Stocks Moving In Monday's After-Hours Session Stocks Hitting 52-Week Lows Teck Resources (TCK) Donald R. Lindsay on Q4 2015 Results – Earnings Call Transcript (Seeking Alpha) Related NRG Mid-Day Market Update: Crude Oil Jumps 11%; Nu Skin Shares Tumble Following Weak Results Mid-Morning Market Update: Markets Open Higher; Groupon Tops Q4 Expectations Weekly Leading Sectors Report (Seeking Alpha)
Toward the end of trading Friday, the Dow traded up 1.42 percent to 15,882.65 while the NASDAQ climbed 0.95 percent to 4,307.41. The S&P also rose, gaining 1.29 percent to 1,852.75.
day trading training: PetSmart Inc(PETM)
- [By Peter Graham]
A long term performance chart shows Blue Buffalo Pet Products now roughly back up to its IPO close for retail investors while fresh pet food peer Freshpet Inc (NASDAQ: FRPT) is well below IPO levels and pet stocksCentral Garden & Pet Co (NASDAQ: CENT) andPetmed Express (NASDAQ: PETS) have been the best performers in the pet sector after PetSmart (NASDAQ: PETM) was acquired by a private equity group:
day trading training: Enerplus Corporation(ERF)
- [By Money Morning News Team]
Enerplus Corp. (NYSE: ERF) is a $2.1 billion oil company based in Calgary and trades on both the NYSE and Toronto Stock Exchange. ERF primarily produces crude oil in the Bakken fields in North Dakota and Western Canada.
day trading training: Expeditors International of Washington, Inc.(EXPD)
- [By Monica Gerson]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Friday's regular session.
PACCAR Inc (NASDAQ: PCAR) Aug16 52.5 Puts: 10000 @ ASK $1.70: 10k traded vs 335 OI: Earnings 7/26 $54.94 Ref Regeneron Pharmaceuticals Inc (NASDAQ: REGN) Jul16 345 Puts: 949 @ ASK $8.70: 1003 traded vs 55 OI: Earnings 8/2 $360.20 Ref NVIDIA Corporation (NASDAQ: NVDA) Fri 6/24 47.0 Puts (Wkly) Sweep: 689 @ ASK $1.12: 3758 traded vs 136 OI: Earnings 8/4 $46.69 Ref Medivation Inc (NASDAQ: MDVN) Sep16 55.0 Puts: 4000 @ Above Ask! $3.40: 5303 traded vs 716 OI: Earnings 8/4 $59.44 Ref Expeditors International of Washington (NASDAQ: EXPD) Aug16 47.0 Puts Sweep: 950 @ ASK $1.35: 973 traded vs 381 OI: Earnings 8/2 $48.15 Ref
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