Cowen analyst Matthew Ramsay raised his price target on AMD (AMD) to $33 from $30 as he believes fundamentals remain in place to keep the company on a path of sustainable market share gains across the CPU franchise. The analyst also feels AMD is well positioned to pounce on the consequences of Intel's (INTC) recent missteps. Ramsay reiterated his Outperform rating on AMD shares.
Pre-earnings options volume in Intel is normal with calls leading puts 2:1. Implied volatility suggests the market is anticipating a move near 5.6%, or $1.96, after results are released. Median move over the past eight quarters is 7.8%.
Intel (INTC) is scheduled to report results of its fiscal first quarter after the market close on April 25, with a conference call scheduled for 5:00 pm ET. What to watch... To see the rest of the story go to thefly.com. See Story Here