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Semiconductors were the strongest industry group on Monday, with Advanced Micro Devices (AMD) stock garnering some attention surging higher by 4.24% to finish the day at $66.11. Nvidia Corp. (NVDA) gained 3.07% closing at $125.12.

AMD Semiconductor Stock

Over the past few years the stock has been growing at 64 times adjusted operating earnings. In recent weeks the valuations have come back to earth as the stock pulled back from 52-week highs, with several sources forecasting a more reasonable 25% growth rate.


Analysts are estimating increasing earnings and sales growth, with recent revenue growth of 70.1% year over year. Five-year sales are calculated to grow at 25 times, making AMD semiconductor stock an attractive long term investment.

For the time being, if semiconductors are inplay this week, we’ll look to some of our favorites, like NVDA and AMD Semiconductor stock for day trades.

If the stock starts to base at the September 2020 breakout zone around $60.00 (+/-) we might consider starting a position. If the indices show signs of pushing a bit higher this week and semiconductors start to move together that would be an added bonus.

Additional Stocks from MarketSmith Scans

The video below discusses a dozen MarketSmith stocks reviewed in the weekend video that look promising. We’ll reassess entries midweek.

Join us today in the trading room for our LIVE broadcast during market hours, as we navigate the current environment. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading, 


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