AMD (AMD) rallies after earnings while Western Digital (WDC) falls. Alex Coffey and Jenny Horne discuss these names. They talk about how AMD's earnings came in better than anticipated and sees 1Q revenue between $5B-$5.6B. They note that the report was fine, but worse was expected so this is almost as good as a beat for the street. They then go over WDC which also recently released earnings. They mention that these earnings were worse than anticipated. WDC's CEO says they are taking action to reset the business. Alex then demonstrates an example trade using AMD. The trade type is a buy a call vertical and the direction is bullish. Tune in to find out more about the stock market today. Tune in to find out more about the stock market today.
02 Feb 2023