Advanced Micro Devices (AMD)

They're buying Xilinx which is a great deal. Run by a superb CEO.

Intel's disappointing report yesterday could benefit AMD which has broken into the hottest category with its chips where Intel has fallen behind. He expects a blow-out report on Tuesday. Their Xilinx purchase may put a drag on the stock.

(A Top Pick Dec 06/19, Up 125%) Price target of $104. The darling out there. If you own it, hold on. You can probably wait for lower $80s or high 70s. Fantastically run. Right place, right time. Main positives: 7 nanometer GPUs, buying Xilinx, and institutions bought up about 10% of the float.

AMD is buying Xilinx which will make it stronger in 2022. Tech remains a trend to watch in 2021.

(A Top Pick Oct 30/20, Up 21%) Still one of his favourite semiconductor stocks. Has pulled back a bit, as big companies are floating the idea of making chips in-house. Intel's loss is AMD's gain. At the forefront of CPU performance. Tons of room to continue to take market share from Intel and servers, which is the bigger opportunity.

(A Top Pick Dec 06/19, Up 133%) A bit pricey here. His price target is $98. Look to buy it in the lower $80s and, if possible, in the upper 70s. They keep knocking it out of the park. Three positives: aggressive R&D, buying Xilinx, aggressive institutional buying.

Forget semi ETFs and buy individual semi stocks. They are too different to buy as a group. It's taken a ton of market share from Intel. It has a terrific presence in the data centre, and is the only major player in gaming besides Nvidia. Also, if their Xilinx deal is approved, they'll enjoy strong cell phone and defence exposure.

(A Top Pick Dec 06/19, Up 112%) He's continued to buy. Pretty volatile, so you'll probably have the opportunity to buy lower. Buy 1/3, then 1/3 in the $70s, and 1/3 in the $60s. Aggressive product strategy and institutional buying, plus working on beneficial Xilinx acquisition. Price target of $95.

Their reported numbers that were perfect and he didn't expect the Xilinx takeover to hurt AMD's share price, but investors dumped the stock. It's come back this week in the election rally, 5% today only.

Their big competitor, Intel, disappointed with their report, but he expects AMD to blow away when it reports next week. Xilinx wants AMD to pay a big premium as AMD buys, it, but he doesn't think AMD's CEO (whom he admires) will accept that.