Gamble Two Dollars on AMD?
Last Friday Advanced Micro Devices (AMD) closed down 10% to $2.46. The company reports earnings Tuesday (Jan 22nd) after the market closes and it's a scary bet.
For those that care Advanced Micro Devices Inc (AMD) shares have traded between $1.81 and $8.35 over the past 12 months. AMD's arch rival Intel Corp (INTC) reported a crappy earnings call last week and their stock tanked 6% . Intel shares dropped within 9% of its 12 month low last Friday. If Wall Street didn't like what Intel had to say then AMD shareholders should be concerned. Expectations are anything but high for AMD on its earnings call, God help the guidance.
Mastery is not buying ahead of the conference call. AMD carries a 18% short interest so if the results are bad its shares are going down fast. Perhaps those low expectations could work in favor for long AMD optimists. We will not be hitting the crack pipe due to AMD's negative cash flow after reporting two consecutive quarters amid declining revenues. This stock will be fun to watch and if it does miss, expect a victory for the shorts. Place your bet accordingly and trade at your own risk.
If you are conflicted about how to trade AMD check out Forbes.com -- AMD's Earning Preview: What To Watch After A Rough Year. Best of luck to everyone playing the call.
INTC and AMD 1 Year Charts:
Best of the Blogs
Scanning and identifying the best blog entries every hour
- US Weakness Sparks Biggest European Stock Drop In 10 Weeks | ZeroHedge
- Stocks Move Higher, Gold Goes Lower – When Does It End? | Financial Sense
- ISM Services Miss (Lowest Since June) As Employment Plunges To 6-Month Lows | ZeroHedge
- E-Commerce With Chinese Characteristics | Financial Sense
- Complete Hedge Fund Performance For November And Year To Date | ZeroHedge
- Auto Sales Spike To 6.5 Year High; Beat By Most Since "Cash-For-Clunkers" | ZeroHedge
- Morning Action in the Casino | iBankCoin.com
The most relevant financial news and articles from the Internets
- One Major Screwup Could Get The Guardian In Trouble Over Snowden Leaks | Business Insider
- The Highest-Paid Players At Every NFL Position | Business Insider
- KYLE BASS: My Worst Trade Was One Of The Best Things To Ever Happen To Me | Business Insider
- NTSB Says Brakes On NYC Train That Derailed Were... | Business Insider
- Everyone Is Baffled By Alan Greenspan's Comment About Bitcoin | Business Insider
- How To Wear A Tie For Every Work Occasion | Business Insider
- Actor Steve Coogan Does Spot-On Impressions Of Hollywood's... | Business Insider