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Fly News Breaks for December 31, 2019
MU, AMD, XLNX
Dec 31, 2019 | 06:14 EDT
Rosenblatt analyst Hans Mosesmann picks Buy-rated AMD (AMD), Micron (MU), and Xilinx (XLNX) - in that order - as his top 3 stocks in Semiconductor space heading into 2020, maintaining his respective price targets of $65, $100, and $165. For AMD, the analyst expects to see continued momentum of gains in CPU market share along with limited competitive threat slowing its upcoming 7nm mobile Ryzen chip. Mosesmann calls Micron an "ultimate large cap semi cycle play" while pointing to clear incremental market signals of shortages in server DRAM and NAND SSDs when the company last reported earnings this month. For Xilinx, the analyst expects 2020 to be a "spectacular" recovery year after a series of challenges in 2019 related to trade issues, Huawei ban, lumpiness around AI/data center acceleration, and 5G ASIC conversion, though he also warns that the stock may be in the "penalty box" until the December-quarter results are out.
News For AMD;MU;XLNX From the Last 2 Days
MU
Feb 14, 2020 | 16:11 EST
David Tepper's Appaloosa Management disclosed in an SEC filing its holdings as of December 31, 2019. The fund's one new buy during the fourth quarter was Intelsat (I). Appaloosa exited four positions during the quarter, including by size of position SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Boeing (BA), and Mr Cooper Group (COOP). The fund increased its stake in six holdings, including by size of previous position Alibaba (BABA), Micron (MU), Amazon (AMZN), Energy Transfer LP (ET), and UnitedHealth (UNH). Appaloosa reduced its stake in six holdings, including by size of previous position Clearway Energy Class C (CWEN), Clearway Energy Class A, Caesars Entertainment (CZR), PG&E (PCG), and Broadcom (AVGO). The fund's told holdings as of December 31, in order of size, were Alphabet Class C (GOOG), Facebook (FB), Amazon, Alibaba, and Micron.
AMD
Feb 14, 2020 | 09:40 EDT
As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to adjust to the shift. Catch up on... To see the rest of the story go to thefly.com. See Story Here
AMD
Feb 14, 2020 | 07:12 EST
RBC Capital analyst Mitch Steves raised his price target on AMD (AMD) to a Street-high $66 with an Outperform rating following the better than expected results from Nvidia (NVDA), which suggest that the overall gaming and data center market is healthy. The analyst is positive on the investments made by AMD that should "pay off over the next 12 months and beyond."