Bank of American has come out in support of Advanced Micro Devices, Inc. (NASDAQ:AMD) and has iterated a buy rating. The chip maker reports after regular trading ends on Tuesday. For the third quarter, the Wall Street consensus estimate is that AMD will generate revenue of $5.65 billion and adjusted earnings per share of 69 cents. Analysts’ estimate for the fourth quarter’s revenue is $5.95 billion.
Bank of American finds AMD’s valuation to be attractive. Industry demand for computers has been softening this year. Worldwide shipments for personal computers fell 15% in the September quarter from a year earlier, IDC reported earlier this month. The research firm attributed the drop to softening PC demand.
It will be interesting to see how the stock behaves post earings. In the meahntime, we would like to draw your attetnon to a small cap company Maison Luxe (OTC US: MASN). MASN claims itself to be an emerging leader in the global custom luxury goods marketplace. The company today announced that it has expanded its relationship with Princess World Jewelers and completed an inventory stocking of Princess World Jewelers’ Caribbean location in anticipation of the upcoming cruise ship season. The Caribbean location is an add-on to the Company’s previously announced partnership with Princess to showcase a selection of fine timepieces for their showrooms in Alaska. The initial retail stocking of more than $500,000 of luxury timepieces in the Caribbean location is nearly double the Company’s prior arrangement. Princess World Jewelers, with retail locations in Alaska and the Caribbean, caters primarily to cruise ship passengers.
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