[music] We're back on Morning Trade Live. Let's focus on AMD ahead of this afternoon's earnings report. More on that in just a little while.But look at the performance over the last year for this stock compared to say Nvidia and Broadcom. All three companies making solid moves higher. But AMD is the clear outperformer up nearly 120% [music] year-over-year.So the big question is, can it keep it up. We're going to be getting a little bit more of an update later. AMD is the focus of the morning trade.So joinin ...

Core Insights - Advanced Micro Devices (AMD) is expected to report Q4 2025 earnings on February 3, 2026, with Wall Street anticipating an EPS of $1.32 and revenue of approximately $9.6 billion, reflecting 21% year-over-year growth in EPS and 25% in revenue [1] - AMD shares have increased by 115% over the past year, significantly outperforming the broader technology sector [1] Financial Expectations - Expected gross margin is 54.5% [1] - Data center revenue is projected to exceed $4 billion [1] - Consensus revenue is around $9.6 billion, with EPS consensus at $1.32 [1] - A meaningful earnings beat would require EPS of at least $1.40 and revenue exceeding $9.8 billion [1] Historical Performance - AMD has beaten or met earnings estimates in six of the past seven quarters, with an average surprise of approximately 8% [1] - In Q3 2025, AMD reported a 10.3% earnings surprise, with earnings of $0.75 compared to an estimate of $0.68 [1] - Q2 2025 saw an exceptional 1,180% earnings beat, with actual earnings of $0.54 against an expected loss [1] Recent Developments - Management guided Q4 revenue to approximately $9.6 billion with a gross margin of 54.5% [1] - The client and gaming segments generated $4 billion in combined revenue, up 73% year-over-year, driven by record Ryzen processor sales [1] - Data center revenue reached $4.3 billion, up 22% year-over-year, fueled by demand for EPYC processors and Instinct AI accelerators from major clients like OpenAI, Oracle, and IBM [1] Analyst Sentiment - HSBC raised its price target for AMD to $335 from $300, citing structural acceleration in server CPU demand driven by AI workloads [1] - Zacks Investment Research noted AMD's stock performance of 107.1% over the past year, compared to NVIDIA's 63.8%, indicating AMD's competitive position in AI accelerators [1] - The average analyst price target is $289.23, suggesting a 17% upside from current levels, with 41 out of 53 analysts rating it as Buy or Strong Buy [1] Potential Stock Movements - Bull case triggers include positive management commentary on MI500 series GPU ramp and data center revenue surpassing $4.5 billion [1] - Bear case triggers involve cautious 2026 guidance and revenue misses below $9.4 billion, particularly in the Data Center segment [1] - Wild cards include potential China export restrictions and broader concerns about AI infrastructure spending [1] Market Confidence - The options market indicates a 91.5% probability that AMD will beat consensus estimates, reflecting strong investor confidence [1] - Analysts are focused on sustaining data center revenue growth above $4.3 billion, which is critical for justifying AMD's premium valuation [1] Valuation Context - AMD trades at 37.31x forward earnings, a premium to the semiconductor sector average, justified by a 60.3% year-over-year earnings growth [1] - The company's PEG ratio of 0.51 suggests that the growth rate supports current multiples, although any guidance disappointment could lead to multiple compression [1]

Core Viewpoint - AMD stock price has experienced a significant rally in 2023, driven by increasing demand for semiconductor chips, with a notable rise of 220% from its lowest level in 2025 [1] Group 1: Stock Performance - AMD was trading at $246 on Monday, reflecting a strong upward trend in its stock price [1] - The stock has increased by 220% from its lowest level in 2025, indicating robust market performance [1] Group 2: Market Dynamics - The demand for semiconductor chips has gained momentum, contributing to the positive performance of AMD's stock [1] - The overall market capitalization of AMD has been positively impacted by this surge in demand [1]

Time now for Options Corner. Joining us to take a deep dive into the chart is Rick Dukat, lead market technician. All right, Rick, take us through the trends you notice in this chart.>> Yes, AMD uh for a while was the lagard among this chipmaker group, but now you can see it's uh stronger than the SMH semiconductor sector, which is stronger than the XLK tech sector, which is stronger than the S&P. So, you can see it's kind of one of the strongest of the strong at this point here. And when we do look more cl ...

Investment Rating - The report maintains a rating of "Buy" for the company [6] Core Insights - The company is positioned as a cash cow in the cement industry, with a strong focus on cost control and profitability, leading to a competitive edge in the market [4][48] - The company is expanding into the semiconductor sector, with financial investments expected to yield returns starting in 2026, enhancing overall profitability [59][60] - The company aims to develop a dual-driven business model combining construction materials and equity investments, targeting a new growth curve in silicon-based materials [32][59] Summary by Sections Company Overview - The company, established in 1978, has a mixed ownership structure that combines the flexibility of private enterprises with the resources of state-owned enterprises, enhancing its competitive position [14] - As of Q3 2025, the company has a market capitalization of approximately 14.49 billion yuan and a significant cash reserve of 3.1 billion yuan, supporting its investment strategies [4][25] Cement Industry Analysis - The cement industry is expected to see improvements in supply-demand dynamics due to capacity replacement policies and government support for infrastructure projects [33][41] - The company has successfully implemented a T-shaped strategy similar to that of Conch Cement, leading to industry-leading cost and profit margins [48][49] Financial Performance - Revenue projections for 2025-2027 are estimated at 5.43 billion, 5.57 billion, and 5.72 billion yuan, with net profits expected to grow significantly during this period [6][7] - The company has a high dividend payout ratio, with a projected dividend of 6 billion yuan for 2024, reflecting a strong commitment to shareholder returns [5][27] Investment Strategy - The company has invested in over 20 semiconductor firms since 2020, focusing on various sectors within the semiconductor industry, which is anticipated to contribute significantly to profits in the coming years [59][60] - The establishment of a partnership with Lanpu Venture Capital aims to further enhance the company's investment capabilities in the semiconductor space [32][59]

Group 1 - The core viewpoint of the article highlights a significant drop in the stock price of AI chip company Cambricon, which fell nearly 14% during intraday trading, with a market value briefly dropping to around 450 billion yuan [1] - Cambricon's stock closed down 9.18% at 1,128 yuan, while other AI chip companies like Moore Threads and Muxi also experienced declines of 2.65% and 3.08% respectively [1] - In response to the unusual stock price fluctuations, Cambricon issued a statement denying false information circulating about organizational activities and revenue guidance, emphasizing stable operational conditions [1] Group 2 - Cambricon is expected to turn a profit by 2025, but the growth rate for the fourth quarter is anticipated to slow significantly [1] - From an industry perspective, TSMC's 2nm capacity has been fully booked by major global tech companies, including AMD, Google, AWS, and NVIDIA, which have scheduled advanced process capacity releases for the coming years [1] - Some institutions remain optimistic about Cambricon, suggesting it will benefit from the ongoing surge in AI computing power demand, while others express concerns regarding its high valuation [1]

Eli Lilly and Company (NYSE:LLY) is one of the stocks on Jim Cramer’s recent game plan. Cramer highlighted what “drives the stock,” as he remarked: Wednesday morning, Eli Lilly reports. Its earnings haven’t been the propellant here. What drives the stock are new reports on GLP-1 clinical trials. But Lilly could announce some new data, and that could get the stock rolling. Stock market data. Photo by Alesia Kozik on Pexels Eli Lilly and Company (NYSE:LLY) develops and markets medicines for diabetes, ob ...

Market Overview - U.S. equity markets are showing mixed signals with S&P 500 futures up approximately 0.15% and Nasdaq Composite futures gaining around 0.3%, while Dow Jones Industrial Average futures are nearly flat at 0.05% [2] - The broader economic outlook for 2026 is generally positive, with Goldman Sachs projecting global growth of 2.8% and U.S. growth at 2.6% [3] - J.P. Morgan Global Research indicates a 35% probability of a U.S. and global recession in 2026, with persistent inflation concerns [3] Economic Indicators - Upcoming Consumer Price Index (CPI) data is anticipated, with U.S. inflation projected to decline to 2.4% in 2026, remaining above the Federal Reserve's target [4] - Year-over-year CPI inflation is expected to drift down to 2.8% by Q4 2026 according to J.P. Morgan Asset Management [4] Federal Reserve Policy - The Federal Reserve has kept the federal funds rate unchanged within the 3.5%-3.75% target range after three consecutive rate cuts in 2025, signaling only one potential 25-basis-point cut for 2026 [5] - Market participants are closely monitoring for any hints of further easing, especially in light of a softening labor market [5] Earnings Season - Earnings season is underway, with major companies set to report quarterly results, which will provide insights into corporate health and consumer spending patterns [6] - Corporate profits are expected to remain positive, supporting economic growth [6] Technology Sector - The artificial intelligence boom is driving significant stock movements, with tech stocks predicted to climb 20-25% in 2026 [7] - Nvidia (NVDA) is expected to perform strongly due to demand for its AI accelerators, while Advanced Micro Devices (AMD) is also seeing positive sentiment [8] - Micron Technology (MU) has seen its stock rise over 17% since the start of the year, benefiting from long-term supply contracts with AI chipmakers [8] - Companies like Apple (AAPL) are expected to capitalize on consumer AI, leading to new product cycles [9] - MercadoLibre (MELI) is leveraging technology for growth in emerging markets, while Taiwan Semiconductor Manufacturing Company (TSM) remains a key player in the tech hardware industry [10] Geopolitical Factors - Geopolitical uncertainties, particularly the U.S.-China AI race, are influencing market dynamics and commodity views [11] - The World Economic Forum's Global Risks Report 2026 highlights economic and technological risks amidst a retreat from multilateralism [11] - Companies adopting an "AI-first" approach are expected to gain a competitive edge in the market [11]

Market Overview - U.S. stock futures were higher following a positive close on Monday, with major benchmark indices showing gains [1] - The 10-year Treasury bond yielded 4.29%, while the two-year bond was at 3.58%, indicating market expectations for interest rates [2] - Consumer staples, industrials, and financial stocks led the S&P 500's gains, while utilities and energy stocks closed lower [10] Company Performance - Palantir Technologies Inc. (NASDAQ: PLTR) saw a premarket jump of 10.84% after reporting better-than-expected fourth-quarter results and issuing FY26 sales guidance above estimates, maintaining a stronger long-term price trend [7] - Advanced Micro Devices Inc. (NASDAQ: AMD) shares rose 2.33% ahead of its earnings report, with analysts expecting earnings of $1.32 per share on revenue of $9.67 billion, and it maintains a strong price trend across all time frames [8] - PepsiCo Inc. (NASDAQ: PEP) was down 1.11% ahead of its earnings release, with analysts expecting earnings of $2.24 per share on revenue of $28.97 billion, and it maintains a stronger price trend over the short, medium, and long terms [6][9] Analyst Insights - LPL Financial anticipates a "policy-driven market regime" in 2026, with fiscal and monetary decisions influencing market direction, predicting a modest economic slowdown early in the year but a rebound later [11] - The bull market is expected to continue, with a target fair value range for the S&P 500 between 7,300 and 7,400 by year-end, driven by enthusiasm around artificial intelligence and potential Federal Reserve rate cuts [12]

Group 1: Semiconductor Sector Overview - The PHLX Semiconductor Sector index increased by 10.14% year-to-date, indicating a strong performance in the semiconductor industry, reinforcing Cantor Fitzgerald's view that the sector is a must-own [1] - Cantor's analyst C.J. Muse is evaluating the outlook for major chip stocks including Advanced Micro Devices (AMD), Qualcomm (QCOM), and Microchip Technology (MCHP) ahead of their earnings results [1] Group 2: Advanced Micro Devices (AMD) - AMD is expected to outperform in Q4, with Benzinga's Edge Rankings placing it in the 92nd percentile for momentum and 86th for quality, reflecting its strong performance [2] - Over the past year, AMD stock surged by 115.52%, closing at $246.27 after a 4.03% increase on Monday [2] Group 3: Qualcomm (QCOM) - QCOM's outlook for 2026 may weaken, with Benzinga's Edge Rankings placing it in the 58th percentile for quality and 19th for momentum, indicating mixed performance [3] - Over the past year, QCOM stock declined by 10.34%, closing at $152.63 after a 0.69% increase on Monday [3] Group 4: Microchip Technology (MCHP) - Microchip is expected to modestly beat earnings and guidance, supported by two positive pre-announcements and performance above seasonal trends, making it a preferred analog stock play [4] - In early January, Microchip raised its fiscal Q3 2026 revenue outlook to approximately $1.185 billion, exceeding its previous guidance of $1.109–$1.149 billion [5] - Over the past year, Microchip stock climbed by 49.41%, closing at $78.08 after a 2.85% increase on Monday [6] Group 5: Intel and Micron Performance - Intel reported fourth-quarter revenue of $13.67 billion, surpassing Wall Street expectations of $13.37 billion, with adjusted earnings of 15 cents per share, exceeding the consensus of eight cents [7]