Advanced Micro Devices, Inc.
Symbol - AMD
Current Market Price - $6.74
Recommendation Date - February 6, 2008.
Why buy?
Fundamental - The Company is a global semiconductor company with facilities around the world. It provides processing solutions for the computing, graphics and consumer electronics markets. More AMD processors are being sold now than ever before. Benefits from the ATI deal will begin to show soon. At the current prices the stock is grossly undervalued and the revenue increase from dualcore and quadcore chips will take the stock to new highs. Investors must enter this stock with a minimum investment term of one year and above.
Technical - The stock has moved into oversold zone. Though a further downslide cannot be completely ruled out, the stock is trading close to its historic low and will never ever be available at these rates after the end of February. So move in now and stay tight for a year or two and you have a multi-bagger on your hands!
Disclaimer - Stock market recommendations are based on fundamental and technical analysis of stocks and no profit can be guaranteed. Investors are advised to make their own investment decisions with the information provided. Any investments, trades, and/or speculations made based on the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk.
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