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Why Advanced Micro Devices (AMD) Could Be Positioned for a Surge
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Advanced Micro Devices, Inc. (AMD - Free Report) is a global semiconductor company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AMD’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Advanced Micro Devices could be a solid choice for investors.
Current Quarter Estimates for AMD
In the past 30 days, one estimate has gone higher for Advanced Micro Devices while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 3 cents a share 30 days ago, to a loss of 2 cents today, a move of 33.3%.
Current Year Estimates for AMD
Meanwhile, Advanced Micro Devices’ current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 4 cents per share 30 days ago to a loss of 2 cents per share today, an increase of 50%.
The stock has also started to move higher lately, adding 29% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
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Why Advanced Micro Devices (AMD) Could Be Positioned for a Surge
Advanced Micro Devices, Inc. (AMD - Free Report) is a global semiconductor company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AMD’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Advanced Micro Devices could be a solid choice for investors.
Current Quarter Estimates for AMD
In the past 30 days, one estimate has gone higher for Advanced Micro Devices while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 3 cents a share 30 days ago, to a loss of 2 cents today, a move of 33.3%.
Current Year Estimates for AMD
Meanwhile, Advanced Micro Devices’ current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 4 cents per share 30 days ago to a loss of 2 cents per share today, an increase of 50%.
Advanced Micro Devices, Inc. Price and Consensus
Advanced Micro Devices, Inc. Price and Consensus | Advanced Micro Devices, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 29% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks "Strong Sells" absolutely free >>.