Diamonds and Dogs
Chips and tech continue their rebound. Chipmaker Nvidia, Qualcomm and others have reported strong earnings. Now its AMD's turn. AMD's stock (AMD) is up 13% following better than expected earnings. The semiconductor maker posted second-quarter results that reported an increase in revenue for the first time in two years as the stock has nearly tripled since February. The huge gains come as CEO Lisa Su, an electrical engineer and chip designer who took the top job almost two years ago, continues to execute on her comeback in fundamentals. So far so good.
Pokémon has been good to Nintendo. Nintendo's stock (NTDOY) after going sideways for a number of years jumped over 100% in the last month following the hit release of video game and app, Pokémon Go. However, the stock is a dog today down 12% on a downgrade from the analyst at Wedbush. The analyst mentioned Nintendo is booking only modest profits from Pokémon Go and likely struggling to achieve its full year 2017 guidance. Looks like a good time to take profits for long time investors.
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