Diamonds and Dogs

9/4/18

AMD keeps steam-rolling ahead. The chipmaker is up 9% to new highs thanks to an upgrade at Jefferies. The analyst at Jefferies reiterated his buy rating on AMD citing the chipmaker's technological advantage over Intel.  AMD is seen as ready to beat Intel to market with a faster chip for the first time in recent history. AMD has significantly outperforming the market this year. Its shares are up 144.8 percent year to date through Friday versus the S&P 500's 8.5 percent gain, making it the index's best performer.

Nike (NKE) making a statement. The shoe and apparel maker is down 3%, the worst performing Dow component, due to a new campaign featuring controversial former NFL quarterback, Colin Kaepernick. The new campaign rehashes the race relations between athletes and society in general and has created a social media storm in the short term with people urging a boycott of the company's clothes and sneakers.