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To: Return to Sender who wrote (81499)	10/25/2018 11:16:55 AM
From: Donald Wennerstrom	2 Recommendations Recommended By Return to Sender Sam Read Replies (2) \| Respond to of 95530

AMD's stock craters more than 20% after weak graphics sales 7:44 AM ET 10/25/18 \| MarketWatch Chip maker reports computing and graphics sales of $938 million while Street expected $1.05 billion Advanced Micro Devices Inc. shares plummeted in premarket trade Thursday after the chip maker's outlook and revenue fell short of Wall Street estimates owing to weaker-than-expected graphics sales as blockchain-related became a negligible part of the company's business. AMD (AMD), were down 20.5%, tracking their post-session losses Wednesday, following the company's conference call, Shares closed down 9.2% at $22.79 in regular trading. AMD's third-quarter revenue rose to $1.65 billion from $1.58 billion in the year-ago period. Wall Street expected revenue of $1.7 billion from AMD, which had forecast revenue of $1.65 billion to $1.75 billion for the third quarter. Estimize, a software platform that uses crowdsourcing from hedge-fund executives, brokerages, buy-side analysts and others, expected revenue of $1.75 billion. "Client and server processor sales increased significantly although graphics channel sales were lower in the quarter," said Lisa Su, AMD chief executive, in a statement. On the conference call, Su said weak graphics processing unit, or GPU, sales resulted from a dropoff in blockchain-related sales, which includes those to cryptocurrency miners. In the previous year's quarter, blockchain sales accounted for a "high single digit percentage" of AMD's revenue, whereas in this quarter they were "negligible," said Chief Financial Officer Devinder Kumar on the call. Less than a year ago, the price of Bitcoin topped out at more than $19,000 in December, while the price of Ether, the cryptocurrency that runs of the Etherium blockchain, had surged to more than $1,300 in January. That was when AMD was saying about 10% of GPU revenue was tied to blockchain sales (http://www.marketwatch.com/story/amd-cryptocurrency-related-revenue-rose-in-first-quarter-but-headed-for-decline-2018-04-25). On Wednesday, Bitcoin traded at $6,463.01, while Ether was at $201.22. AMD reported computing and graphics sales of $938 million for the third quarter, while analysts had expected $1.05 billion. The company reported enterprise embedded and semi-custom sales of $715 million, while analysts had forecast $653 million. Su said she expects data center GPU sales to be a "meaningful contribution" to fourth-quarter sales, but it won't be a quick fix. "We are expecting that it might take a couple quarters to completely get back to a normal channel, however it is factored into our Q4 guidance," Su told analysts. For the fourth quarter, AMD estimates revenue of $1.4 billion to $1.5 billion, while analysts had forecast revenue of $1.6 billion. The company reported third-quarter net income of $102 million, or 9 cents a share, compared with $61 million, or 6 cents a share, in the year-ago period. Adjusted earnings were 13 cents a share. AMD was expected to post adjusted earnings of 12 cents a share, according to analysts surveyed by FactSet. Estimize had called for earnings of 15 cents a share. Of the 34 analysts who cover AMD, 13 have buy or overweight ratings, 16 have hold ratings and five have sell or underweight ratings, with an average price target of $25.62, according to FactSet. AMD shares have been on a volatile roller-coaster ride after the company reported its best earnings in seven years (http://www.marketwatch.com/story/amd-stock-rises-after-strong-revenue-fuels-earnings-beat-2018-07-25) in its previous report, rallying to peak at a 12-year high of $34.14 in mid-September, capping an impressive five-month, 200% surge (http://www.marketwatch.com/story/amd-stock-takes-a-breather-after-a-run-of-more-than-200-2018-09-13), and were 33% off from that peak by the close Wednesday. Adding to fears of a China trade war and a supply glut, chip maker stocks have led the broader market selloff of late as other chip makers have also forecast weaker-than-expected outlooks (http://www.marketwatch.com/story/big-drops-for-amd-and-nvidia-fuel-death-cross-for-chip-sector-ahead-of-earnings-2018-10-23). As of Wednesday's close, AMD's stock remains the best year-to-date performer on the S&P 500 with a 122% gain and has been the second-most actively traded stock on the index over the past 52 weeks. In comparison, the S&P 500 is down 0.7% for the year, the tech-heavy Nasdaq Composite Index is up 3%, and the PHLX Semiconductor Index is down 8.5%. At the moment AMD is trading around 19.30/share, down around -15%.

To: Return to Sender who wrote (81499)	10/25/2018 3:30:41 PM
From: Sr K	Respond to of 95530

Today is much the opposite, the highest one-day Nasdaq gain in seven years.

To: Return to Sender who wrote (81499)

10/25/2018 7:53:41 PM

From: Return to Sender

1 Recommendation

Recommended By
Gottfried

Read Replies (1) | Respond to of 95530

72% Upside Volume on the NYSE - 75% Upside Volume on the NASDAQ:

wsj.com

Thursday, October 25, 2018
Notice to readers: As of 3/3/11, Closing ARMS Index (TRIN) calculation is based on composite data. Click here for historical data prior to 3/3/11.

NYSE	Latest close	Previous close	Week ago
Issues traded	3,079	3,090	3,078
Advances	2,178	682	707
Declines	829	2,341	2,285
Unchanged	72	67	86
New highs	11	25	9
New lows	305	483	245
Adv. volume*	760,896,456	139,511,329	149,737,427
Decl. volume*	301,974,965	932,417,272	671,524,674
Total volume*	1,071,834,662	1,079,039,758	825,249,125
Closing tick	-51	+170	+81
Closing Arms (TRIN)†	0.98	1.99	1.35
Block trades*	7,878	7,334	6,431
Adv. volume	3,308,027,131	584,220,628	661,546,015
Decl. volume	1,229,552,380	3,990,669,785	2,887,522,006
Total volume	4,577,509,406	4,604,927,172	3,565,108,365
Nasdaq	Latest close	Previous close	Week ago
Issues traded	3,183	3,173	3,123
Advances	2,172	482	710
Declines	894	2,628	2,319
Unchanged	117	63	94
New highs	22	20	23
New lows	282	561	156
Closing tick	-106	+56	+619
Closing Arms (TRIN)†	0.77	1.14	0.78
Block trades	10,814	11,365	10,624
Adv. volume	2,044,476,625	392,528,144	696,588,656
Decl. volume	644,697,958	2,443,956,869	1,783,226,700
Total volume	2,715,139,660	2,848,749,747	2,502,706,849
NYSE American	Latest close	Previous close	Week ago
Issues traded	309	307	307
Advances	159	91	102
Declines	134	208	195
Unchanged	16	8	10
New highs	0	0	0
New lows	23	28	16
Adv. volume*	7,800,739	1,656,144	5,401,822
Decl. volume*	5,990,491	10,217,938	6,962,856
Total volume*	13,853,429	11,877,033	12,779,291
Closing tick	-46	+7	+56
Closing Arms (TRIN)†	0.78	2.67	0.57
Block trades*	146	129	143
Adv. volume	78,431,070	18,081,379	71,098,404
Decl. volume	51,877,754	110,282,849	77,085,575
Total volume	132,568,497	129,341,086	152,324,959
NYSE Arca	Latest close	Previous close	Week ago
Issues traded	1,372	1,361	1,347
Advances	972	281	225
Declines	385	1,067	1,095
Unchanged	15	13	27
New highs	9	14	9
New lows	111	415	121
Adv. volume*	262,952,607	94,643,044	71,784,007
Decl. volume*	107,214,548	321,701,420	266,585,686
Total volume*	370,559,537	417,916,759	340,002,461
Closing tick	-25	-177	-83
Closing Arms (TRIN)†	0.96	0.80	0.68
Block trades*	1,782	2,251	1,981
Adv. volume	1,184,658,578	441,955,399	351,929,026
Decl. volume	452,123,118	1,344,178,435	1,170,483,360
Total volume	1,642,011,382	1,798,998,603	1,537,712,522

*Primary market NYSE, NYSE American or NYSE Arca only. †Compares the ratio of advancing to declining issues with the ratio of volume of shares rising and falling. Arms Index or TRIN = (advancing issues / declining issues) / (composite volume of advancing issues / composite volume of declining issues.) Generally, an Arms of less than 1.00 indicates buying demand; above 1.00 indicates selling pressure.

RtS