Powell has spoken. In the end, the Fed was more dovish than expected. As expected, the official rates on Fed funds were raised to 0.75% -1%, from 0.25-0.50% (+50 bp): the first half-point hike since May 2000 under Alan Greespan. In the meantime, the securities portfolio will be reduced starting from 1 June at an initial rate of 47.5 billion per month, which will then rise to 95 billion. Total Fed assets currently stand at $8,939 billion, which means that this is even less aggressive than expected. Powell also ruled out a possible triple hike at the June meeting. The stock also celebrated the above-expected quarterly results with revenues of $5.9 billion, up 11% vs consensus. Also reported was an EBITDA of $1.96 billion, which exceeds estimates by 24%. Profit at $1.6 billion beats analysts’ estimates by 26%.
AMD [AMD.O] is down 1% to $98.4 in pre-trading. Yesterday, it closed at $99.42 (+9.1%). Graphically, after a sharp decline started on the highs of November 2021 at $164, it seems to have recovered strength. The publication of the results and Powell’s indications have given a strong boost to the stock that seeks a restart after having fouled the $90 level. A break of $100 at the end would give an important signal of strength also since the session of May 4th closed with very strong volumes, strong volatility and RSI with a bullish approach. Above $100, you can buy with a target of $110 and then $120.
We recommend going LONG on the stock by buying the Leverage Shares AMD 3X ETP (ISIN: XS2337090422) or the 2X ETP (ISIN: IE00BKT6ZG93), with an increase in exposure on any declines to $95. Short-term targets should be towards $110 and $120 and stop/loss should be below $90.
The information provided by Websim, a division of Intermonte SIM, a company authorised by CONSOB to provide investment services and registered in the Italian SIM under no. 246, are obtained from sources deemed reliable (of which the company is not able to guarantee the absolute completeness and accuracy) and in any case, if there are doubts about their reliability, this will be clearly indicated. The main purpose of the site is to provide a set of updated and accurate information, studies and analyses in compliance with the provisions of the “recommendations” in current legislation and does not represent a “solicitation to invest” pursuant to art. 1, paragraph 1, lett. t) of Legislative Decree 58/1998.
Sandeep joined Leverage Shares in September 2020. He leads research on existing and new product lines, asset classes, and strategies, with special emphasis on analysis of recent events and developments.
Sandeep has longstanding experience with financial markets. Starting with a Chicago-based hedge fund as a financial engineer, his career has spanned a variety of domains and organizations over a course of 8 years – from Barclays Capital’s Prime Services Division to (most recently) Nasdaq’s Index Research Team.
Sandeep holds an M.S. in Finance as well as an MBA from Illinois Institute of Technology Chicago.
Violeta joined Leverage Shares in September 2022. She is responsible for conducting technical analysis, macro and equity research, providing valuable insights to help shape investment strategies for clients.
Prior to joining LS, Violeta worked at several high-profile investment firms in Australia, such as Tollhurst and Morgans Financial where she spent the past 12 years of her career.
Violeta is a certified market technician from the Australian Technical Analysts Association and holds a Post Graduate Diploma of Applied Finance and Investment from Kaplan Professional (FINSIA), Australia, where she was a lecturer for a number of years.
Julian joined Leverage Shares in 2018 as part of the company’s premier expansion in Eastern Europe. He is responsible for web content and raising brand awareness.
Julian has been academically involved with economics, psychology, sociology, European politics & linguistics. He has experience in business development and marketing through business ventures of his own.
For Julian, Leverage Shares is an innovator in the field of finance & fintech, and he always looks forward with excitement to share the next big news with investors in the UK & Europe.
Oktay joined Leverage Shares in late 2019. He is responsible for driving business growth by maintaining key relationships and developing sales activity across English-speaking markets.
He joined LS from UniCredit, where he was a corporate relationship manager for multinationals. His previous experience is in corporate finance and fund administration at firms like IBM Bulgaria and DeGiro / FundShare.
Oktay holds a BA in Finance & Accounting and a post-graduate certificate in Entrepreneurship from Babson College. He is also a CFA charterholder.
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