facebook rss twitter

HEXUS.sharewatch: AMD jumps after analyst upgrades

by Scott Bicheno on 31 August 2009, 07:00

Tags: AMD (NYSE:AMD)

Quick Link: HEXUS.net/qatqp

Add to My Vault: x

There was a raft of economic indicators last week, with both positive and negative news for us to digest. However, the general vibe seems to be that the recession has very much bottomed out and economic activity is on an upward curve once more.

Giant system builders Dell and Acer both released quarterly earnings which, while they were significantly down on a year ago, provided some grounds for optimism that demand is picking up.

While Dell's shares gained nearly ten percent last week after exceeding analyst expectations with its quarterlies, the big gainer was chip maker AMD, which saw its share price rise by over 20 percent over the course of the week.

A big reason for this will have been a Citigroup analyst upgrading AMD from ‘hold' to ‘buy' at the start of the week. But an upward revision of its Q3 forecast by rival Intel will probably have made investors more optimistic about the semiconductor sector in general, and thus further improved AMD's position.

Company Listing Share price 10/8/09 Share price 17/8/09 Share price 24/8/09 Share price 31/8/09 7-day change Market cap (bn)
AMD AMD 3.70 3.69 3.70 4.47 20.8% 2.98
Apple AAPL 165.61 166.78 169.22 170.05 0.5% 152.33
ARM ARMH 6.32 6.20 6.30 6.47 2.7% 2.73
Avnet AVT 25.04 24.30 25.29 26.91 6.4% 4.07
Dell DELL 13.20 14.20 14.49 15.93 9.9% 31.13
Google GOOG 457.10 460.00 465.24 464.75 -0.1% 147.13
HP HPQ 43.54 44.09 44.78 44.76 -0.0% 106.81
IBM IBM 119.33 118.57 119.90 118.22 -1.4% 154.97
Ingram Micro IM 16.69 16.49 16.72 17.08 2.2% 2.78
Intel INTC 18.50 18.77 18.89 20.25 7.2% 113.36
Microsoft MSFT 23.57 23.70 24.41 24.68 1.1% 219.92
Nvidia NVDA 13.71 13.43 13.93 14.73 5.7% 8.07
Qualcomm QCOM 45.99 46.15 47.29 47.22 -0.1% 78.49
Tech Data TECD 34.97 34.39 36.83 39.00 5.9% 1.96
Dow .DJI 9370.07 9321.40 9505.96 9544.20 0.4% N/A
FTSE 100 .FTSE 4731.56 4713.97 4850.89 4908.90 1.2% N/A
NASDAQ .IXIC 2000.25 1985.52 2020.90 2028.77 0.4% N/A


HEXUS Forums :: 2 Comments

Login with Forum Account

Don't have an account? Register today!
More good news for the red camp….. Still a while before their bank accounts show any signs of profit but still at least investors are showing a keen interest.

Go AMD
bout time too go AMD:)