AMD Q1 2022 Earnings Preview: Betting the % change in closing price to win!

Dear mooers,

Advanced Micro Devices, Inc. is expected to report earnings on 05/03/2022 after market close! Wall Street forecasts AMD to report a strong double-digit sales growth. According to Zacks Investment Research, based on analysts' forecasts, the consensus EPS for this quarter will be about $0.83, comparing to $0.47 on the same quarter last year.

Moreover, in February 2022, AMD reaps around a $500 million contribution from Xilinx, which AMD took over in the all-stock transaction. AMD expects the acquisition will improve adjusted margins while boosting free cashflow generation.

However, the RSI of AMD remains in bearish territory to indicate the stock could come under pressure further. Therefore, What should the investors to worry about? We may need to find it in the earnings report. The upcoming earnings result can explain a lot of situations while also creating trading opportunities!

Place your Bet on AMD's percentage change in closing price (i.e.+3%) of May. 4 ET by May. 4 3:30 PM ET. The mooer with the closest bet will win 300 points!

Notice:
Reward points will be given out within 5-10 working days after the results are announced.
Reward points can be used to exchange gifts at Reward Club.