AMD Earnings Could Propel Stock To $9.50 AMD plans to report its Q2 2011 earnings tomorrow following its much larger rival Intel that reports today, and many believe that 2011 could stack up as the company’s most profitable year since 2000. [1] This implies that investors will looked for improved profits in Q2 vs. last year as well. We take this opportunity to look at some key areas that investors should watch out for given several significant developments that have taken place in first half of 2011. Our price estimate for AMD stands at $9.50, implying a premium of about 45% to the market price. http://news.yahoo.com/amd-earnings-could-propel-stock-9-50-033312205.html
European leaders move closer to new Greek rescue plan European leaders meeting in Brussels moved closer Thursday to agreement on a new financial rescue plan for Greece that would involve a temporary “selective default” on some of its debt while expanding the powers of a European emergency bailout fund.
In crisis talks aimed at helping Greece and boosting confidence in the 17 nations that share the euro as a currency, the leaders were considering a plan that would allow Greece to default temporarily and lighten its debt. The plan, which would include a buyback of bonds and a debt swap but no new tax on banks, appeared to be coming together after the European Central Bank signaled it was dropping its opposition to a selective default and the leaders of France and Germany crafted a common stand in talks in Berlin late Wednesday with the bank’s president. http://www.washingtonpost.com/world/european-leaders-open-summit-on-greek-debt-crisis/2011/07/21/gIQAGmGrRI_story.html
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