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Weekend Research For May 5 – 6 2018: AMD PT $17, VRX PT $29, and More

AMD in mid-flight and ready to fly to the mooon.


$SPY broke-even YTD. Do you own puts? Keep them as a hedge.

$SPY, SPDR S&P 500 / H1

Apple  $AAPL New High thanks to the W.B. pump. iPhone X sales soared to record levels. This is good news for Himax $HIMX, Lumentum $LITE and the 3D Sensing Market for suppliers.

 

$AAPL, Apple Inc. / H1

$HIMX, Himax Technologies, Inc. / H1

$AMD PT 17+

Chesapeake Energy $CHK at $3.00 again. Stick with Cleveland-Cliffs in the raw materials space, not natural gas.

Activision $ATVI unnerved bulls this month but the real cheap game stocks are Gluu Mobile $GLUU and Zynga $ZNGA.

$ATVI, Activision Blizzard, Inc / H1
 

Pharmaceuticals

$TEVA Pharmaceuticals took a break from cracking to $20, stopping at the $19 range. Buy.

$TEVA, Teva Pharmaceutical Industries Limited / H1

  • Valeant $VRX is a buy. PT $29 - $45.
  • Celgene Corporation $CELG sales picked up pace. It raised its guidance.
  • $NXPI closed at exactly $100.28. The $91.50, an entry point we live chatted about on the DIY SUBSCRIPTION OFFERING, paid off with a one-day ~ 10 percent gain. 
  • Qualcomm $QCOM sub $50 ain't happening, it appears. 
  • Alibaba $BABA nailed it on cloud revenue. Cheap stock at 1/100th that of Amazon.com (AMZN) multiples.
  • Consumer Discretionary is dirt cheap. High discounts at levels not seen since the crisis of 2008 implies $XLP is on sale.
  • In the financials space, are you buying Citi $C or Bank of America $BAC? Wells Fargo $WFC is on a fire sale, topping $66 on Feb 2018 and closing at $52.41. Morgan Stanley $MS and Goldman Sachs $GS are clear value. $GS is embracing bitcoin $GBTC via a trading desk.

Value Stocks:

  • United Rentals $URI 'doubled topped' in 1H/2018. Fw. P/E is 9 times.
  • Verizon's rally to ~ $52 stopped, falling to $48 on the week. Buy for the dividend income.
  • AS PREDICTED, May's biotech top picks are playing out. Acadia $ACAD rose 10.97% on Friday, May 4.

What are your trades for next week? Post 'em in the comments.

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