Interesting day!
AMD had two upgrades before the bell. Then,
AMD came out the cage and stands on top of $9. Then,
NVDA and INTC settled. Then,
AMD announced that Dirk Meyer resigned.
All on the same day. The only surprise is the last one, e.g., Dirk Meyer resigned. Is he really? From the news bits, it seems that he is fired. Over business perspectives? Over insider trading investigation?
At this moment, I will take a neutral stance on all of them, i.e., AMD/INTC/NVDA, and ARMH.
AMD has moved a lot in the last few weeks. This Dirk Meyer saga creates some undesirable uncertainty into the stock.
INTC SB so far is not well received as expected, even though its performance is in line with expectation. The news bits of ARM on Windows has some impact.
NVDA has moved a lot due to Tegra II and settlement with INTC. I think the stock price has already discounted these two factors.
ARMH has gained a lot over CES news w.r.t. Windows on ARM. Once again, it is a concept stock. It remains to be seen if it really translates into money.
The general market is sideway right below 1280. It is long and tired, according to my TA indicators.
Therefore, I take a neutral stance on all of them at this moment. I will revisit this landscape after January. |
