Stock Picks of the Week (AMD, BAC, YHOO)
Mastery was right on the money this week with Advanced Micro Devices (NYSE:AMD), its shares are up 16% today. We told you to buy it.
Other stocks we think are worth a look are Bank of America (NYSE:BAC) and beaten down Yahoo! Inc. (NASDAQ:YHOO).
Mo Money is good.
Told you so, review Advanced Micro Devices (AMD) is in over-sold territory published on Tuesday (7/19). AMD is off to the races today thanks to its Q3 sales and guidance.
Bloomberg — AMD’s third-quarter forecast for as much as 12 percent sequential sales growth compares with an average analyst prediction of 8 percent, and is larger than the percentage growth at the midpoint of Intel’s revenue forecast for the period, said De Silva, who recommends buying AMD shares.
Second-quarter net income was $61 million, or 8 cents a share, compared with a loss of $43 million, or 6 cents, a year earlier, AMD said yesterday in a statement. Analysts had predicted profit of 7 cents, the average estimate in a Bloomberg survey. Sales fell 4.8 percent to $1.57 billion.
REVIEW YHOO AND BAC
Fellow Masters check out Yahoo! Inc. Misses: Bottom-feeders be Patient and . YHOO is trading at $13.97 today, 7% away from its 52-week low. BAC is at $10.16 which is 7.5% away from its 12 month low. Both of these stocks are worth a look as they are both trading near record lows.
CHARTNESS
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