AMD, Boeing Stocks at New Highs After Earnings

Ford shares are retreating after earnings to test recent support at $11

Managing Editor
Jul 26, 2017 at 10:24 AM
facebook X logo linkedin

U.S. stocks are at record highs this morning, boosted by the latest batch of big-cap earnings. Among specific equities making big moves after earnings are Apple supplier Advanced Micro Devices, Inc. (NASDAQ:AMD), car maker Ford Motor Company (NYSE:F), and Dow stock Boeing Co (NYSE:BA). Here's a quick look at how shares of AMD, F, and BA are trading today.

AMD Stock Breaks Out After Earnings Beat, Analyst Notes

Advanced Micro Devices stock is up 9.2% to trade at $15.65, earlier notching a new 10-year high of $15.65, and breaking through long-term technical resistance near $14.50. Last night, the company reported adjusted second-quarter earnings that exceeded expectations, and raised its forecast for 2017 on strong graphics chip demand.

A round of price-target hikes is only adding fuel to the fire, with Rosenblatt Securities lifting its 12-month target to $19 -- territory not charted since January 2007. With AMD stock now boasting a 120% year-over-year lead, another round of bullish brokerage notes could come down the pike. As of last night's close, the majority of analysts covering the shares maintained a "hold" or "strong sell" rating, while BMO today cut its outlook to "market perform" from "outperform."

Ford Stock Stalls on Pre-Tax Profit Forecast

Ford Motor stock is down 2% to trade at $11.05, as the company's full-year pre-tax profit warning overshadows a second-quarter earnings beat. Additionally, Buckingham Research suggested "investors remain on the sidelines" on risks of lower domestic volumes and "continued pricing pressure." Today's decline brings the shares year-to-date deficit to 9%, and has F stock testing its foothold atop $11 -- a level that's served as a floor since June. 

It looks as if Ford options traders were bracing for a post-earnings retreat. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock has a 10-day put/call ratio of 0.96, which ranks in the 81st percentile of its annual range.

Boeing Stock Flying High After Earnings Beat

Boeing stock is up 8.1% to trade at $229.69, fresh off a new record high of $229.80, after the aerospace giant reported second-quarter earnings that beat estimates raised its 2017 forecast for the second time this year. It's been a stellar year for BA shares, which have tacked on 47.5% year-to-date to lead the Dow. 

Despite Boeing's long-term success, some analysts are not convinced. Of the 14 brokerages covering BA stock, six rate it a "hold" or worse. This means there is plenty of room for upgrades, which could send the shares higher down the road. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI