We get the Bounce on AMD
Goldman Sachs (GS) raised its rating Advanced Micro Devices Inc. (AMD) to 'Neutral' from 'Sell' today. Its the first time Goldman has upgraded AMD in more than 5 years. Mastery believed AMD was ready for a bounce last week and we only had to wait a few trading sessions for it to happen.
Before you go and sell the house and load up on AMD. Take a gander at the mixed bag review from Goldman, its not all roses.
StreetInsider.com has the 411 on the Goldman move:
While off its Sell list, Goldman is far from positive. The gist of their upgrade lies in the fact that the shares have pulled back significantly and their very negative view of its 2H12 results is now shared by the Street. They simply don't see a near-term catalyst for an additional decline.
Goldman said their Neutral rating is "tactical" and they still see Intel (INTC) as being better positioned than AMD in the high-end.
Goldman cut their 12-month price target to $3.50 from $4.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- "China Has Run Off The Cliff So Fast, People Seem To Think They’ll Make It To The Other Side" | ZeroHedge
- Trader Exclaims "Markets Are In An Alternate Universe" | ZeroHedge
- Trump About To Preside Over New Global Financial Crisis: "Not His Fault, Merely His Misfortune" | ZeroHedge
- Not Remotely Data Dependent | ZeroHedge
- The VIX FOMC Setup (Video) | ZeroHedge
- Our "Gaslight" Financial System | ZeroHedge
- The Difference Between The Greatest And… Everyone Else | Altucher Confidential
The most relevant financial news and articles from the Internets
- British PM says the UK will help Gulf states 'push... | Business Insider
- Apple Music is gaining steam, but it can't catch Spotify (AAPL) | Business Insider
- Philippines President Rodrigo Duterte is going after one of Asia... | Business Insider
- 7 iPhone photography tips from Apple (AAPL) | Business Insider
- Costco uses this winning 6-part formula that makes it the anti-Walmart (COST... | Business Insider
- ... | Business Insider
- How to instantly connect with anyone | Business Insider