Got the Monday blues?
The day is nearly over, don't worry. To help time pass, here are the top stories from TheStreet.
Advanced Micro Devices (AMD) - Get Report is Smoking Hot
And TheStreet's Brian Sozzi has the proof.
Shares of the chipmaker have skyrocketed 24% in August on optimism that the company's chips would wrestle more market share away from struggling rival Intel (INTC - Get Report) . AMD's stock has surged about 120% this year, bringing the company's market cap to a lofty $24 billion.
The company unveiled its new Radeon server card Monday that is designed specifically for data-center virtualization.
This is going to be an interesting fight to the top between these two chipmakers.
Stay Out of Tesla
Warns RealMoney contributor, Stephen Guilfoyle.
Back on Aug. 7, Tesla (TSLA - Get Report) CEO Elon Musk commenced with his now-famous tweet storm. In a series of tweets, Musk indicated that he might be taking the firm private, that funding had been "secured," and that all that was needed was a shareholder vote. Oh, and the market price of $420 per share was thrown around as well, which would have valued such a transaction at $70 billion.
A Securities and Exchange probe could lead anywhere. What the SEC in all probability wants to know is did Musk have a reasonable basis for his "funding secured" tweet, and his insinuated take-out price. On top of that, depending on what the SEC finds, there could be shareholder lawsuits in the offing.
Plainly, I know nothing. What does Jim Cramer tell you about firms going through anything related to "accounting irregularities?" He tells you to stay away. My thought is that the same strategy would apply when it comes to SEC probes. Who needs this headache? We have our own problems without creating more by getting involved in what is impossible to fully analyze.
Yikes. Sounds like Guilfoyle has some hot takes on why investors should, at the very least, be wary about putting money into Tesla right now.
Salesforce Reports Earnings on Wednesday, Aug. 29
The stock has been on a hot streak in 2018, up more than 45% since the beginning of the year.
But we took to the street and asked a financial adviser for her opinion too. Laurie Kamhi, managing director and partner of LCK Wealth Management-HighTower Advisors, gave us her take on the stock.
The company has been on an acquisition tear, which has been a key growth strategy. The acquisition of MuleSoft is an example that has been a major positive.
But hey, don't let me spoil your fun. Check out the interview with Kamhi.
And that's a wrap. Is it Friday yet?