按摩店 Stock Could Plunge 32% to $8# Stock
z*n
1 楼
这算不算庄家放出来的信号？
The sky is falling for Advanced Micro Devices . Or at least, that's how it
feels.
AMD stock fell almost 15% last week and opened Monday's trading session
lower by 6% before bouncing slightly so far in early trading.
Analysts at Morgan Stanley downgraded shares of Advanced Micro Devices to
underweight from equal weight, moving their price target down to $8 from $11
. From Friday's close of $11.84, the price target would imply more than 32%
downside.
Analyst Joseph Moore was behind the downgrade, saying he has been "somewhat
cynical" on AMD thanks to its valuation, but had previously maintained his
equal weight rating because his earnings estimates were above consensus
estimates. Even though Wall Street estimates have increased toward Moore's
estimates, momentum is failing to build for AMD. Gains in cryptocurrencies
like bitcoin should "gradually fade" and graphic card growth momentum should
slow.
All of this led to Moore's downgrade, which does look a bit odd as bitcoin
prices turn out another new high recently. Should AMD stock ultimately fall
to $8, it will mark a 48.8% decline from its 52-week high of $15.65. That
would be a tough loss for investors to absorb, as many have been bullish on
the name. AMD has undoubtedly been one of the larger battleground stocks of
2017.
It didn't help when AMD reported less-than-stellar earnings last week, only
for Intel to report quarterly results that fueled its stock even higher. All
eyes will now shift to Nvidia , which will report earnings in mid-November.
Given its 89% year-to-date rally, investors will want to know which
earnings reaction Nvidia stock will mirror, Intel's or ?
The sky is falling for Advanced Micro Devices . Or at least, that's how it
feels.
AMD stock fell almost 15% last week and opened Monday's trading session
lower by 6% before bouncing slightly so far in early trading.
Analysts at Morgan Stanley downgraded shares of Advanced Micro Devices to
underweight from equal weight, moving their price target down to $8 from $11
. From Friday's close of $11.84, the price target would imply more than 32%
downside.
Analyst Joseph Moore was behind the downgrade, saying he has been "somewhat
cynical" on AMD thanks to its valuation, but had previously maintained his
equal weight rating because his earnings estimates were above consensus
estimates. Even though Wall Street estimates have increased toward Moore's
estimates, momentum is failing to build for AMD. Gains in cryptocurrencies
like bitcoin should "gradually fade" and graphic card growth momentum should
slow.
All of this led to Moore's downgrade, which does look a bit odd as bitcoin
prices turn out another new high recently. Should AMD stock ultimately fall
to $8, it will mark a 48.8% decline from its 52-week high of $15.65. That
would be a tough loss for investors to absorb, as many have been bullish on
the name. AMD has undoubtedly been one of the larger battleground stocks of
2017.
It didn't help when AMD reported less-than-stellar earnings last week, only
for Intel to report quarterly results that fueled its stock even higher. All
eyes will now shift to Nvidia , which will report earnings in mid-November.
Given its 89% year-to-date rally, investors will want to know which
earnings reaction Nvidia stock will mirror, Intel's or ?
