Nasdaq AMD

We have an eventful week lined up for market participants, reaching a new level of Q2 earnings reports being released — which, by Friday morning, will put us on the back half of earnings season — as well as key economic prints, es

Wall Street rose on Monday with key benchmarks set to end July higher on upbeat company earnings and hopes of a soft landing for a resilient U.S. economy, while cooling inflation fuels bets on a rate-hike pause.

Wall Street and global stocks treaded cautiously higher on Monday, while oil prices gained and the dollar was little changed, as traders looked ahead to corporate earnings, central bank meetings and a key employment report due later this week.

Wall Street ended higher on Friday as PCE inflation went down to its lowest in two years. Investors continued to show faith in the Fed’s recent assurance that it would be able to attain a soft landing for the economy. All three ma

Wall Street futures rose on Monday with key benchmarks set to end July higher on upbeat company earnings and hopes of a soft landing for a resilient U.S. economy, while cooling inflation fuels bets on a rate-hike pause.

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U.S. share futures treaded cautiously higher on Monday ahead of more large-cap earnings reports, central bank meetings and a key employment report due later this week.

U.S. stock index futures edged up on Monday with key benchmarks on track to end July higher, while investors awaited quarterly earnings from more megacap companies and a crucial employment report later this week.

September S&P 500 futures (ESU23) are up +0.11%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.09% this morning as market participants geared up for more corporate earnings results while also looking ahead to Friday’s nonfarm payrolls report.

Last week was busy on the earnings front, but we have even more companies reporting this week including AAPL, AMZN, AMD, UBER, PYPL, PFE, COIN and HOOD all set to report.

September S&P 500 futures (ESU23) are up +0.01%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.03% this morning as market participants geared up for more corporate earnings results while also looking ahead to Friday’s nonfarm payrolls report.

U.S. stock index futures were little changed on Monday as investors awaited earnings from more megacap companies and a key employment report later this week.

European shares jumped on Monday after a key economic report for the region showed a fall in inflation - an optimistic kick-off for a week littered with major economic data, central bank meetings and earnings updates.

September S&P 500 futures (ESU23) are up +0.07%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.03% this morning as market participants geared up for more corporate earnings results while also looking ahead to Friday’s nonfarm payrolls report.

Advanced Micro Devices ( NASDAQ:AMD ) will report Q2 financials after the market closes on Tuesday, August 1. Wall Street analysts are upbeat about AMD stock ahead of the Q2 print. The  chip company is one of the key beneficiaries of the evolution of  AI (Artificial Intelligence). In addition, analysts believe that inventory-led issues will subside in 2H (the second half of 2023),  driving its financials and stock price.  AMD stock has risen over 74% year-to-date, outperforming the broader markets by a wide margin. While analysts remain upbeat, their earnings estimate suggests a significant year-over-year decline. Let’s delve into analysts’ estimates for Q2.  Here’s What Consensus Estimates Reveal Wall Street analysts expect AMD to post revenues of $5.32 billion in Q2, roughly in line with management’s guidance range and approximately flat year-over-year. However, sales are expected to decline on a year-over-year basis, reflecting weakness across the Client (primarily including CPUs) and Gaming segments.  Further, management expects the Embedded segment (which includes embedded CPUs and GPUs), which registered massive growth in Q1, to see a modest sequential decline. Given the lower sales projection, analysts expect AMD’s bottom line to register a significant year-over-year decline. Wall Street analysts expect AMD to post  earnings of $0.57 a share in Q2, down from $1.05 in the prior-year quarter. The consensus estimate also compares unfavorably with the previous quarter’s earnings of $0.60 per share.  Though analysts expect the company’s top and bottom lines to decline on a year-over-year basis, the AI opportunity and expected reacceleration in its revenue in 2H keep analysts optimistic about AMD stock. What is the Future of AMD Stock? Ahead of the Q2 print,  Rosenblatt Securities analyst Hans Mosesmann reiterated his Buy recommendation on AMD stock on July 26. The analyst sees Q2 as a “transitional quarter” that will lead into 2H, which has “multiple growth drivers,” including the recovery in CPUs and “early ramps in the MI300 GPU compute series,” its GPU for AI.  Along with Mosesmann,  Wolfe Research analyst Chris Caso and  Wells Fargo analyst Aaron Rakers also maintained a bullish outlook on AMD stock ahead of Q2 earnings. Caso initiated coverage of AMD stock with Buy on July 19. Further, Rakers reiterated a Buy recommendation on AMD stock on July 18.  Both analysts see a solid upside in AMD stock due to the MI300X GPU ramp-up.  Overall,  AMD stock has 24 Buy and seven Hold recommendations for a Strong Buy consensus rating. Even though AMD stock has risen quite a lot, analysts’ average price target of $137.38 implies 21.62% upside potential from current levels.  Insights from Options Trading Activity The  options traders are pricing in a 7.92% move on earnings, which is greater than the previous quarter’s earnings-related move of -9.22% and the average 2.85% move in the last eight quarters. Disclosure

Asian shares were trying to end the month on a firm note on Monday in a week littered with major economic releases, central bank meetings and earnings updates from mega caps Amazon and Apple, though rising Japanese bond yields posed a risk.

Asian shares looked to end the month on a firm note on Monday in a week littered with major economic releases, central bank meetings and earnings updates from mega caps Amazon and Apple, though rising Japanese bond yields posed a risk.

Asian shares looked to end the month on a firm note on Monday in a week littered with major economic releases, central bank meetings and earnings updates from mega caps Amazon and Apple, though rising Japanese bond yields were a risk.

What a week to trade and invest. With the FED raising 25 bps as expected the market reacted with the usual volatility.

Friday’s rally in stocks suggests investors are now more optimistic about the direction of the economy and the near-term and long-term impact of monetary policy decisions. Here are the stocks I’ll be watching this week.