Trading Strategies For Advanced Micro Devices Before And After Q2 Earnings
Portfolio Pulse from Melanie Schaffer
Advanced Micro Devices, Inc (NASDAQ:AMD) saw a nearly 3% increase in its stock ahead of its Q2 earnings report. The company's stock had previously plunged almost 20% following its Q1 results before reversing into a steep uptrend. For Q2, analysts estimate AMD will report earnings per share of 57 cents on revenues of $5.323 billion. Rosenblatt analyst Hans Mosesmann reiterated a Buy rating on AMD and maintained a price target of $200. From a technical analysis perspective, AMD's stock looks bullish.
August 04, 2023 | 10:09 am
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AMD's stock increased ahead of its Q2 earnings report. Analysts estimate earnings per share of 57 cents on revenues of $5.323 billion. The stock looks bullish from a technical analysis perspective.
The news about AMD's stock increase and the bullish outlook from a technical analysis perspective could potentially lead to a positive impact on the stock in the short term. However, the actual impact will depend on the company's Q2 earnings report.
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