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A review Advanced Micro Devices (AMD) confirmed a few criteria after seeing tons of volume in Septemeber dated options, EPS growth, and institutional interest is increasing. The latter keeps adding shares to their portfolios. Earnings growth, the lifeblood of any company is 159%. That’s incredible.
Marketsmith AMD Weekly Chart Data
We were impressed with EPS growth, so we dug a little deeper. With a composite rating of 99, AMD handily beats all of its competition. Sales, Margins and Return of Equity SMR is an “A.” SMR is a Proprietary rating system based upon recent earnings changes and price-performance indicating possible or potential relative price performance over the next 12 months. Over those 12 months (4 quarters) AMD beat analyst estimates.
Fund ownership in AMD is steadily increasing since Septemeber quarter of 2018. IBD shows 8 quarters. Right side panel.
Options flow has been noteworthy as well, with approximately a million dollars worth of contracts trading on Tuesday. We saw several sweepers and a few blocks in the September 90 monthlies. Make a note of it.
Join us today in the trading room for our LIVESTREAM broadcast during market hours, as we talk more about AMD and navigate the current environment. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.
Happy Trading,
Vinny
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