K.C. Swanson
Business Is Better, but AMD Shares Struggle
From last summer into the fall, AMD's stock price "got better a lot faster than the fundamentals," Allen said. "I think they generally are discounting a continuation of the extra good second half of [2003] into this year."
In short, for all the hard-won fundamental progress, AMD's shares are likely to see risk to the downside until investors can turn up more evidence that the next six months will be as shiny as the last.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
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DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
1.06 |
10 Yr
1.62%
SPDR Gold
151.91
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-1.28%
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-1.43%
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-1.17%
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-6.12%
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