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Market Morning Sentiment: $AMD

|Includes: Advanced Micro Devices, Inc. (AMD), SPY

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Market Morning Sentiment - June 20th


US stocks fell across the board Friday as the S&P500, DJIA and Nasdaq closed down 0.33%, 0.33% and 0.92% to finish the week down 1.2%, 1.1% and 1.9% respectively. WTI crude oil rose 3.8% from $46.21 per barrel to $47.98 per barrel to finish the week down 2.2%. The US dollar index fell slightly and Treasury yields declined for the third straight week, nearing a 4-year low.

All eyes will be on the EU referendum vote on the UK's membership, which is set to take place on Thursday. According to polls, support has been gaining for the 'leave' camp, an outcome that many economists say could wreck havoc on the global markets and drive the UK into a recession.

Market sentiment on the S&P500 has turned slightly more positive as a result of decreased expectations of an eventual interest rate hike in 2016, but still remains negative. Nervousness about a Brexit and the concerns surrounding the strength of the US economy will likely restrict the upside of markets going forward.

Influencer of the Day


$AMD Social Sentiment and Chatter Volume

91% Strong Buy

Advanced Micro Devices Inc.

$AMD is a global semiconductor company that designs and integrates technology that powers millions of intelligent devices including PC's, game consoles, and cloud servers. Over the last 45 years, $AMD has built a strong foundation of innovation and, among other things, was the first company to: build an x86 dual core processor, break the 1GHz GPU barrier, bring APU's to market and bring high bandwidth memory to market.

Helping to boost sentiment on Advanced Micro Devices Inc., were two analyst upgrades last week from Jeffries and Canaccord Genuity. Further driving sentiment is the anticipation of new product releases, growth in immersive platform segment, graphics momentum, and a plan to monetize its IP including some 10,000+ patents to help deal with its debt load.

With respect to the immersive platform segment, 6.3 million virtual reality (NYSE:VR) headsets are expected to ship in 2016. By 2020, there is expected to be over 200 million VR headsets worldwide. $AMD boasts the only products that support all major VR platforms giving them a major advantage over their competitors in the race for market share in the growing VR industry.

$AMD is also expected to release"Zen" its new high-performance core processor in October. Zen is predicted to boost $AMD back into the forefront of the desktop segment, an area that is currently dominated by Intel.

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