GhostingTrades

Earnings July 27 Big Tech Week AMD is one of my top picks.

Long
NASDAQ:AMD   Advanced Micro Devices Inc
I would like to share my thesis I believe price has reached support in the short-term near $90 I will be watching for earnings beat above 0.54 cents a shares to gauge the stock move. If we get anything over 0.60 per share it will be a grand slam if we see anything above 0.70 per share would be a block buster report! If we see anything below 0.54 be captious on buying dips unless guidance is impeccable. IF earnings per share is bad below 0.45 look for a sell-off with little chance to recovery on the day. Side note AMD has been gained market shares versus Intel and this was apparent in Intel's earnings report I still question the chip shortage that has no only affect on chap maker but all. In an article analyzing intel's earnings AMD gaining share initially at hyperscale cloud customers and recently in the enterprise server market as well.

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