Buzz Stocks: Medivation Inc, Valeant Pharmaceuticals Intl Inc, and Advanced Micro Devices, Inc.

Today's stocks to watch in the news include Medivation Inc (NASDAQ:MDVN), Valeant Pharmaceuticals Intl Inc (NYSE:VRX), and Advanced Micro Devices, Inc. (NASDAQ:AMD)

Aug 22, 2016 at 9:51 AM
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U.S. stocks are in the red this morning, after another Fed official took a relatively hawkish tone toward interest rates. Meanwhile, among specific equities in focus are biotechs Medivation Inc (NASDAQ:MDVN) and Valeant Pharmaceuticals Intl Inc (NYSE:VRX), as well as tech stock Advanced Micro Devices, Inc. (NASDAQ:AMD).

  • AMD said it will relocate its headquarters to Santa Clara, California, after 47 years in Sunnyvale. At last check, the shares have jumped 1.7% to trade at $7.76 -- within a chip-shot of taking out last Friday's four-year high of $8.00 -- bringing their year-to-date advance to 170%. While options traders have remained optimistic, analysts have been slow to climb on board Advanced Micro Devices, Inc.'s bullish bandwagon. Of the 17 brokerages covering the stock, 10 maintain a "hold" or worse suggestion.

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