AMD - $55 BLASTOFF / $65 UPGRADE / SIA REPORT / PRESS CONFERENCEMELT UP ALERT - PRICE TARGET $100
0. Read all my other posts for analysis. We are going into complete melt-up, full-tilt, shorts get killed, rally mode, with absolutely no regard to fundamentals or anything else folks. We were waiting for the January Breakdown, but unfortunately this AMD stock has a DEMAND zone at $45 that is so ridiculously skewed to the BUYERS, that you can't get a sell off right now if you tried. People will be selling all the stocks that performed less admirable than stocks like AAPL and AMD, and chasing these names to the moon. Bubble Time. 2020. Bubble Time.
1. With the Rosenblatt Upgrade to $65 on December 31st (RELEASED BEFORE OPEN)
Rosenblatt analyst Hans Mosesmann noted that AMD shares are up nearly 147% year-to-date but he views 2020 as a year in which the company will continue its early momentum in CPU share gains and he sees "limited competitive threats slowing the momentum" for the upcoming new 7nm mobile Ryzen chip. Given that he sees a strong back half of 2020 coming on the early ramp of new game consoles from both Microsoft (MSFT) and Sony (SNE), Mosesmann believes AMD is poised for multiple expansion, leading him to raise his price target on the shares to $65 from $52. He maintains a Buy rating on AMD.
Rosenblatt analyst Hans Mosesmann picks Buy-rated AMD (AMD), Micron (MU), and Xilinx (XLNX) - in that order - as his top 3 stocks in Semiconductor space heading into 2020, maintaining his respective price targets of $65, $100, and $165. For AMD, the analyst expects to see continued momentum of gains in CPU market share along with limited competitive threat slowing its upcoming 7nm mobile Ryzen chip. Mosesmann calls Micron an "ultimate large cap semi cycle play" while pointing to clear incremental market signals of shortages in server DRAM and NAND SSDs when the company last reported earnings this month. For Xilinx, the analyst expects 2020 to be a "spectacular" recovery year after a series of challenges in 2019 related to trade issues, Huawei ban, lumpiness around AI/data center acceleration, and 5G ASIC conversion, though he also warns that the stock may be in the "penalty box" until the December-quarter results are out.
2. The Semiconductor Industry Association report from December 31st 2019 (RELEASED AFTER MARKET CLOSE) / NOT PRICED IN YET
December 31 17:10
According to SIA, Nov global semiconductor sales fell 0.3% m/m and 10.8% y/y The Semiconductor Industry Association, or SIA, announced worldwide sales of semiconductors reached $36.7B for the month of November 2019, a decrease of 0.3% from the previous month's total and 10.8% lower than the November 2018 total of $41.1 billion. SIA represents U.S. leadership in semiconductor manufacturing, design, and research, with members accounting for approximately 95 percent of U.S. semiconductor sales. "As 2019 winds down, global semiconductor sales continue to lag behind last year's total, but we've begun seeing indications of the modest rebound projected for next year," said John Neuffer, president and CEO, Semiconductor Industry Association. "Regionally, the Americas market was the only major market to grow on a month-to-month basis, but sales into the Americas were down substantially year-to-year." Publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN).
3. AMD Press Conference Announced from December 31st 2019 (RELEASED AFTER MARKET CLOSE) / NOT PRICED IN YET (5600XT / 2080 TI Killer / 3990X / WHO THE HELL KNOWS)
AMD Announces Press Conference at CES 2020
SANTA CLARA, Calif., Dec. 31, 2019 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced that it will hold a press conference as a part of the official CES 2020 Media Days, and hosted by AMD President and CEO Dr. Lisa Su. The event is scheduled for Monday, Jan. 6 at 2:00 p.m. PST at the Mandalay Bay.
A live stream of the event will be available on the AMD YouTube channel. An archived version of the webcast will be available approximately two hours after the event and can be found on the AMD YouTube channel.
4. The futures are already up large, and it is only 7:30PM
5. RE-BALANCING OF PORTFOLIOS
I don't know about you, but I think now is the time to take the top 20 performing stocks on the S&P / DOW / NAS and just LOAD UP. We are going into full mode, complete tilt, out of control, FED-INDUCED madness.
AMD will lead the completely INSANE move to the upside.
- AMD Whisperer
