Hi Tigers,
Have you tried our Tiger Prediction feature? If not, please check out here! By making bullish/bearish predictions in your post, you will have a chance to win free voucher rewards every week! 💰
Let's take a look at who the winners were last week (28 Oct-4 Nov) and how much "profit" they made! 💰💰💰
$Shopify(SHOP)$ $Palantir Technologies Inc.(PLTR)$ $Semiconductor Bull 3X Shares(SOXL)$ $Palantir Technologies Inc.(PLTR)$ $Advanced Micro Devices(AMD)$ $Tesla Motors(TSLA)$
Congratulations to the following Tiger Friends for winning free voucher rewards @CYberviRus @koolgal @Ultrahisham @pekss @Shyon @TigerOptions @fenixfire @HLPA ! And let's specially congratulate the Tigers who are “Star Contributors”, you will receive an additional reward of 50 Tiger Coins.
Become a Star Contributor now to win more additional rewards >>
(The stock vouchers will be sent to you within 10 days, and you can check and claim the voucher on [Profile] - [Rewards Center].)
Well, let's then have a look at how some of them made their stock predictions at that time!
@TigerOptions Bullish on AMD(31 Oct): + 17.36%
$Advanced Micro Devices(AMD)$is set to report its earnings, and there are several factors to consider when assessing its prospects, including recent performance, analyst expectations, and technical analysis.
AMD Headquarters Santa Clara
In the previous quarter, AMD reported revenues of $5.36 billion, which was in line with analyst expectations but represented an 18.2% decline year-on-year. It was a challenging period for the company, with weak revenue guidance for the following quarter and a decline in its operating margin. These factors may have contributed to a sense of caution among investors.
Income statement
For the upcoming earnings report, analysts are anticipating a 2.32% year-on-year growth in revenue to reach $5.69 billion. This growth rate is notably slower than the 29% increase in revenue during the same quarter the previous year. Adjusted earnings are expected to come in at $0.68 per share.
AMD's good track record of beating analysts' estimates
One key consideration is that analysts have become increasingly bearish about AMD's performance in the lead-up to the earnings report, with six downward revisions to revenue estimates in the last thirty days. Despite this, AMD has a track record of generally meeting or exceeding Wall Street's revenue estimates, having only missed them once over the last two years, on average exceeding expectations by 2.46%.
Looking at AMD's peer in the semiconductor industry, $Intel(INTC)$has already reported its Q3 earnings results. Intel's revenues decreased by 7.69% year-on-year, but the company beat analyst estimates by 4.12%. Intel's stock price increased by 7.2% following its results. This result offers some insights into the overall climate of the semiconductor industry, which may impact AMD's performance.
SOXX Daily Chart shows Semiconductor stocks on a decline since August high
The broader tech sector has been facing pressure due to concerns about rising interest rates, and semiconductor stocks have not been immune to this. Over the last month, semiconductor shares have seen a decline of 9.04%, and AMD itself has fallen by 5.44% during the same period. This suggests that investors are cautious about the impact of economic factors on the industry.
AMD Daily Chart
Now, let's turn to the technical analysis of AMD's daily chart. AMD had previously broken out from a downtrend line drawn from June's high earlier this month. However, the price has since fallen back under this downtrend line, and it is currently trading just below it. With the earnings report looming, it's a critical juncture for the stock. The question for investors is whether this earnings announcement will serve as a catalyst for another breakout attempt, or if the price will face rejection and decline further.
In summary, AMD is approaching its earnings report amid some uncertainty in the semiconductor industry and growing bearish sentiment among analysts. The technical analysis suggests that the stock is at a pivotal point, with the potential for a breakout or further decline. As always, investing decisions should be based on a comprehensive analysis of the company's fundamentals, industry trends, and individual risk tolerance.
@HLPA Bullish on TSLA(31 Oct): +11.79%
$Tesla Motors(TSLA)$Tesla, the number one and most talked about electric vehicle company in the stock market world, will simply girate up and down in the range of 190 to 230 for now. Even if it does dip lower, I would pick more TSLA shares up to average down my cost. I beloeve most investors love the name and the stock and would hold TSLA shares for dear life. TSLA can and will return to 300 and beyond in the not too distant future. It has to be, being the company lead by one, no othee than Mr Elon Musk himself. Elon Musk, with his flamboyant attitude and style in personality, does works wonders indeed. Hence we need to trust the man. Omly he van turn TSLA share price aroumd and I am sure he would take some golden steps to do that. He has already begun actually by adjiatingnprives of some Tesla models upwards. Also having been depleted of billioms to his name and company, you van bet yhat he would not just stand by doing nothing. If you are invested in TSLA shares, you jist jave to have faith in Elon Musk. Yes, I will continue to pick up TSLA at the bottom and wait patiently for TSLA to ahine again, which no doubt it will. Go, TESLA, Go!
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[Notes]
1. Your content must be ORIGINAL and published first in the Tiger Community to be eligible for the rewards. Besides, your post must be strongly related to the stock, and you need to state the reasons why you are bullish/bearish on it. The bullish or bearish reason for each stock must be over 200 characters, and it needs to be clear, detailed, and specific, with more extensive explanations preferred. General or vague reasons, such as "I am bullish on stock XX because the technical indicators are oversold" or "I am bearish on stock XX because its fundamentals are poor," will be considered invalid.
2. The cost price of your (simulated) position will be the stock price when you make a prediction post. The Rate or Return(RoR) will be calculated by your cost price & the week's close price of that stock you make predictions on.
3. For a single stock, you may make predictions multiple times, but only the last one will be counted.
4.You can provide a comprehensive analysis and predict multiple highly correlated stocks to increase your chances of winning.For example, you can write an original analysis on the semiconductor industry and correlate it with the bullish or bearish stance on multiple semiconductor stocks such as AMD, NVDA, SOXX, and so on.
5. You may make predictions on all the stocks available (around 100 tickers), and the highest five RoRs will be counted in the Weekly Prediction ranking
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