Weekly Wins: Sarge Sees AMD Stock Marching Higher
Sarge has been recommending AMD since it was 30% lower. Here's why he thinks there's more room for it to run.
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A Big Win in AMD Stock
Are you following Stephen “Sarge” Guilfoyle?
If you are, great!
If you’re not, I’ll give you two reasons why you should.
First of all, he offers lots of great trading and investing advice. He picked Palantir PLTR before the monster run-up in price. Plus, he constantly provides updates so that we know what he’s thinking and how risk and reward are evolving. He does his homework and lets you and me look at the answers.
Second, Sarge goes in deep on each stock and breaks down his analysis so that you can make up your own mind. His analyses are pretty comprehensive and worth reading even if you’re not interested in making the trades he suggests. Read them just to be informed or to help monitor your own trades.
Case in point. Advanced Micro Devices AMD.
On May 7th, Sarge recommended the stock. The company had just announced earnings that beat analyst expectations. In his analysis, Sarge provided a very readable analysis that included an update on the company’s operations, performance of segments, forward guidance, and fundamentals. He also shared a relevant quote from the company’s CEO, Lisa Su, as well as Wall Street’s view on the stock.
Then, he moved on the technical analysis and suggested, based on everything he had learned about the company, that shares could jump from $98 to $118.
Within a week, Sarge’s target was hit and he remained bullish. After all, Sarge believes that AMD will outperform Nvidia NVDA.
Friday, AMD closed at $128 and Sarge believes the stock could hit $147. He gives a full analysis of why and how you could trade this move in his article from this week. Read it here:
Well done Sarge! And please be sure to give him a follow.
Doug Kass Thinks Investors Have Become First Level Thinkers
What else should you read? Anything penned by Doug Kass.
I know, the Daily Diary can be a little hard to get through if you've got limited time. And that's why our editorial team takes Dougie's longer diary entries and shares them as articles.
This week, Dougie questioned his bearish thesis and decided that he was even more right than he thought.
In Doug Kass: Complacent Bulls Are Alive and Well and Living on Wall Street
He leaves us with the following:
When we stop questioning, complacency leads the way.
Technically and fundamentally, we are already seeing more than tiny cracks - that's how it starts.
And as we grow more complacent, cracks will deepen and widen.
Let's end with some sage and simple advice from Warren Buffett, The Oracle of Omaha: "Price is what we pay, value is what we get."
And I think we should all spend more time questioning our beliefs, especially those that we hold most strongly.
Have a great weekend everybody!
