Advanced Micro Devices, Inc. (AMD - Free Report) was a big mover last session, as the company saw its shares rise above 11% on the day. The stock rallied after Barron's published an article in its weekly issue appreciating the company’s progress, the fact that it is competing well with peers in the microprocessor and graphics processing unit markets, and the potential of the stock to double from the current levels. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.75 to $12.28 in the past one-month time frame.
In the last 30 days, the company has seen two upward and three downward estimate revisions and the Zacks Consensus Estimate moved higher, suggesting that more solid trading could be ahead for Advanced Micro Devices. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Advanced Micro Devices currently carries a Zacks Rank #3 (Hold).
A better-ranked stock from the broader Retail-Wholesale sector is Applied Optoelectronics, Inc. (AAOI - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is AMD going up? Or down? Predict to see what others think: Up or Down
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Advanced Micro Devices, Inc. (AMD - Free Report) was a big mover last session, as the company saw its shares rise above 11% on the day. The stock rallied after Barron's published an article in its weekly issue appreciating the company’s progress, the fact that it is competing well with peers in the microprocessor and graphics processing unit markets, and the potential of the stock to double from the current levels. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.75 to $12.28 in the past one-month time frame.
In the last 30 days, the company has seen two upward and three downward estimate revisions and the Zacks Consensus Estimate moved higher, suggesting that more solid trading could be ahead for Advanced Micro Devices. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Advanced Micro Devices currently carries a Zacks Rank #3 (Hold).
A better-ranked stock from the broader Retail-Wholesale sector is Applied Optoelectronics, Inc. (AAOI - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is AMD going up? Or down? Predict to see what others think: Up or Down
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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