AMD: Possible Three-Peat In 2020
AMD topped the S&P 500 with a nearly 150% gain in 2019 after leading the index in 2018.
Investors shouldn't bet on a three-peat performance, but the stock has the possibility for another strong year.
My 2020 EPS estimate remains $10 billion revenues, $1.50 EPS plus a longer term $3+ EPS target.
One of my favorite picks in 2018 and 2019 ended on a strong note last year. The prospects of Advanced Micro Devices (NASDAQ:AMD) repeating the strong gain a third year wouldn't appear high, especially topping the S&P 500 for a third consecutive year. After all, Nvidia (NASDAQ:NVDA) followed huge gains in 2016 and 2017 with a down 2018. Investors shouldn't bet heavily on a three-peat with AMD, but the stock remains poised for a strong run in the '20s decade.
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