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kiy

Followers 53
Posts 16175
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Alias Born 08/19/2010

kiy

Re: kiy post# 19138

Tuesday, 04/17/2018 8:27:03 PM

Tuesday, April 17, 2018 8:27:03 PM

Post# of 19859
AMD...has had a nice run and is now trying to get more attention...
See post I'm replying to...

AMD Named Company of the Year at PCR Awards 2018

AMD is among the stocks that could be big earnings season winners, according to Wall Street analysts
MKM identified several other names with similarly optimistic analyst expectations, including Caterpillar and three chipmakers: Advanced Micro Devices, Lam Research and Cypress Semiconductor.

Those companies were selected from a universe of U.S. stocks that have a market capitalization of more than $500 million and are reporting quarterly results in April. MKM's screen also selected stocks with a nine-day relative strength index, or RSI, less than 50. RSI is a technical market indicator that compares the relative size of gains versus losses. A lower figure typically signals a security is cheap.

The analysis then looked for stocks with options open interest of more than 20,000, an indication shares could move significantly after reporting earnings.

"We just want to identify situations where individual stocks in varied oversold states (RSI below 50) could see a catalyst in the form of upside earnings surprises," Strugger said, noting fundamentals or tax reform benefits didn't play a direct role in selecting the stocks.

Post-earnings, options traders are expecting an absolute, up or down move of 7.8 percent for AMD, 6.8 percent for Cypress Semiconductor and 5.7 percent for Lam Research, the MKM report said.

AMD reports earnings on APR. 30th
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AMD

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