🔥🔥Our best Ideas from September: AMD +50.6%, Tesla +48.2%, Nvdia +46.9%
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OUR BEST IDEAS FROM SEPTEMBER:
ADVANCED MICRO DEVICES shares are up +50.6%
TESLA shares are up +48.2%
NVIDIA shares are up +46.9%
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(1) Our Idea from September 14: AMD signals +30% upside
🚀Advanced Micro Devices shares are now up +50.6% since our initial signal
We are not surprised by AMD’s strong performance. AMD produces semiconductor products and devices. The company’s bottom line soared +78% year over year and +16% quarter on quarter, driven by robust performance from the computing and graphics as well as enterprise embedded segments. AMD also raised its 2021 guidance, indicating that the company is doing much better than management initially expected for this year. The upside is attributed to stronger demand for its processors. Margins continue to remain strong at +48%. At this point, analysts appear a bit cautious as the stock has advanced significantly this year already.
(2) Our Idea from September 8: Tesla indicates +38% upside
🚀 Tesla shares are up +48.2% since our initial signal
Tesla continues to benefit from a structural shift towards electric vehicles (EV). Tesla has been less impacted by the global supply chain and microchip shortage. Revenues rose $13.8bn in Q3, up from just $8.8bn a year ago. Analysts are expecting that Tesla’s new lithium iron phosphate batteries will keep costs down and keep the company from being too exposed towards supply chain issues. Vehicle deliveries rose +73% year over year which was the key driver of the company’s revenue growth for the quarter. One research company estimates that Tesla’s market capitalization could rise to $10trn, up from $1.1trn currently. Elon Musk, the company’s CEO has recently sold $10bn of Tesla shares. Analysts estimates for the shares have only increased moderately.
(3) Our Idea from September 15: Nvidia’s dip signals +28% upside
🚀 Nvidia shares are up +46.9% since our initial signal
NVDIA is a big winner of the microchip shortage. The company’s graphics processors continue to be in high demand and are potentially a key component of the Metaverse. Facebook’s announcement of its rebranding ‘Meta’ strategy and potentially investing $10bn per year into development of the Metaverse are expected to benefit NVDIA disproportionally. Retail prices for graphics cards which NVDIA produces (as well as AMD) continue to rise as demand remains strong. At current share price levels, analysts are relatively cautious as the company is getting closer to the $1trn market capitalization.
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