Advanced Micro Devices (AMD) Gets 5 Downgrades

Jobless claims come in lower than expected, a good number that should add to the pre-market rally. It was a good number, the best report since April. 391k vs. 420 expected.

(AMD) Advanced Micro Devices, Inc. 5 downgrades on AMD overnight. It’s now trading below last nights lows to $5.35, shares Down 10% in Pre-Market.

Downgrade – JAGNote by Bank of America/Merrill

Downgraded to Underperform from Neutral at Macquarie.

Downgraded to Hold from Buy at ThinkEquity

Downgraded to Neutral from Buy at Longbow

Downgraded to Underperform from Neutral at BofA/Merrill Lynch

(C) Citgroup (JPM) JP Morgan Chase & Co.

Bernanke’s Operation Twist to Spur Loan Growth at Citigroup and JPMorgan

Insituform Technologies (INSU)

Got halted after it warned. Currently down 15% from yesterday’s close.

By Tim Kelleher

*Disclosure: Tim Kelleher is short BAC, AMD, MS, C, WFC, DB, UBS

About T3 Live 111 Articles

T3 Live is an online education platform that provides traders of all experience levels with market analysis, real-time access to strategies, and extensive training from trading professionals with solid track records.

Visit: T3Live

Be the first to comment

Leave a Reply

Your email address will not be published.