With the Fed signaling a potential rate hike, we could expect more strength in US dollar. But what can we expect from different stocks? In case you missed my Benzinga interview last week, you’re in luck today! Because I’m here to fill you in on my stocks Overview: AMD, MU, NVDA, TSLA, HOT and more. You can call me Professor Kiana. Of course, we are assuming that your current financial situation is healthy enough to invest.
Listen up to my overview on stocks on Benzinga or scroll down to read the talking points.
Advanced Micro Devices, Inc. (AMD) – NVIDIA Corporation (NVDA)
If you read my previous take on AMD when it was still down at $1.19 you potentially enjoyed the 80% rise in its value. It still remains one of my top picks, as we could expect a pullback before it surges back up over the course of next couple of years.
Advanced Micro’s top competitor, NVIDIA Corporation, is set to introduce its next-generation GTX 1080 and 1070 graphic card this quarter. The introduction of a new competing product to Advanced Micro could result in a “turn-around” in the stock, but this might create an attractive buying point.
Advanced Micro’s new graphic cards will be introduced to the market in the third quarter of this year. Accordingly, the stock could break above the $4 per share mark at that time and advance toward the $9 per share level. Resistance remains at $34 per share area.
The large and lucrative virtual reality market, in which Advanced Micro is hoping to gain a commanding market share, is the main force behind this forecast.
Micron Technology – MU
Is it dead? Or is this a super exciting buy potential? To me, Micron is acting similar to oil prices on high supply and low demand end of 2015/ beginning of 2016. There is an oversupply of memory cards at the moment and a whole lot of companies are in the business of making them. This could explain why the stock prices are so low at the moment.
Leave A Comment