IB Net Payout Yields Model

Invest like me - only at Covestor.com

AMD: A Second Half Growth Story

By -

Update - May 23, 2023

The market has definitely bought into the AI growth story and the 2H sales ramp. AMD hit a new 52-week high at $111 and probably rallies further falling a pause. 

Finviz Chart

 

Original article posted on May 2

  • Advanced Micro Devices, Inc. reported mixed Q1 2023 results, beating analyst estimates, but revenues and EPS dipped from prior year levels.
  • The chip company is poised for a second-half rebound, with the Client business rebounding and market share gains in data center and AI.
  • AMD stock remains cheap, trading below ~20x consensus '24 EPS targets and far below normalized EPS targets.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 
Based on the weak chip market, Advanced Micro Devices, Inc. (NASDAQ:AMD) wasn't expected to provide impressive results with Q1 2023 numbers. The semiconductor company has always been poised for the next leg forward in the

Read the full article on Seeking Alpha. 

Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

Comments

Post a Comment

Popular posts from this blog

ChargePoint: Low Quality Beat

By -
Image
  ChargePoint beat FQ2'22 revenue estimates, but the losses are mounting. The company guided up FY22 numbers partly due to acquisitions. The stock still trades at an estimated 21x FY23 number leaving limited upside for the stock and reinforcing why venture funds sold 13.8 million shares. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio.  Learn More » After  solid FQ2'22 earnings ,  ChargePoint Holdings  ( CHPT ) has seen a nice bump in the stock. Now investors have to confront the valuation divide and deal with the past insider sales likely leading to future sales on any stock rallies. My  investment thesis  remains very Bearish on the EV charging station stock on any rallies into the mid-$20s. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - Sept. 8 Be cautious when analysts strugg...
Read more

Occidental: Still Producing Too Much Oil

By -
Image
Though oil continues plunging, the oil giants continue producing more. For Q4, Occidental Petroleum (OXY) had roughly flat production. The worst part is that OXY plans to grow production by 2% to 4% in 2016. The stock has held up somewhat strong, but the inability to turn off the spigot remains troubling. Disclosure: No positions mentioned. Please review the disclaimer page for more details. 
Read more

Aurora Cannabis: Deal Or No Deal

By -
Aurora Cannabis was left out of the major deal making in 2018. The cannabis company updated FQ2 guidance to revenues of $50 to $55 million with a continued focus on pure production growth. The stock is down as the market is becoming less impressed with commodity farming operations due to the prime Oregon example. The stock is below key resistance at $5.40 as medical cannabis patient totals failed to impress. As the end of 2018 came and went,   Aurora Cannabis   ( ACB ) was a notable absentee from the deal making in the cannabis market. Just about all of the other major Canadian cannabis players got large investments or signed up powerful partnerships, but the related stocks didn't generally maintain rallies following the deals. Based on the early legalization data in Canada and Oregon, the best option for Aurora Cannabis might actually be selling production capacity while the Canadian market remains hot. Read the full article on Seeking Alpha.  Disc...
Read more