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Stocks Buzz: Advanced Micro Devices, Inc. (AMD), Apache Corporation (APA), Anadarko Petroleum Corporation (APC)

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Advanced Micro Devices, Inc. (AMD) continued its downward trend with the stock declining -1.7% or $-0.23 to close the day at $13.26 on light trading volume of 40.42M shares, compared to its three month average trading volume of 57.29M. The Sunnyvale California 94088 based company has been outperforming the semiconductor – broad line group over the past 52 weeks, with the stock gaining 624.59%, compared to the industry which has advanced 48.27% over the same period. With RSI of 67.2, the stock should still continue to rise and get closer to its one year target estimate of $11.03, making it a hold for now.

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company’s products primarily include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs), and semi-custom System-on-Chip (SoC) products. It provides x86 microprocessors for desktop PCs under the AMD A-Series, AMD E-Series, AMD FX CPU, AMD Athlon CPU and APU, AMD Sempron APU and CPU, and AMD Pro A-Series APU brands; and microprocessors for notebook and 2-in-1s under the AMD A-Series, AMD E-Series, AMD C-Series, AMD Z-Series, AMD FX APU, AMD Phenom, AMD Athlon CPU and APU, AMD Turion, and AMD Sempron APU and CPU brands. The company also offers chipsets with and without integrated graphics features for desktop, notebook PCs, and servers, as well as controller hub-based chipsets for its APUs under the AMD brand; and AMD PRO mobile and desktop processors. In addition, it provides discrete desktop graphics products and discrete GPUs for notebooks under the AMD Radeon brand; professional graphics products under the AMD FirePro brand; and customer-specific solutions based on AMD’s CPU, GPU, and multi-media technologies. Further, the company offers microprocessors for server platforms under the AMD Opteron; embedded processor solutions for interactive digital signage, casino gaming, and medical imaging under the AMD Opteron, AMD Athlon, AMD Sempron, AMD Geode, AMD R-Series, and G-Series brands; and semi-custom SoC products that power the Sony Playstation 4 and Microsoft Xbox One game consoles. Advanced Micro Devices, Inc. sells its products through its direct sales force, independent distributors, and sales representatives. The company serves original equipment manufacturers, original design manufacturers, system builders, and independent distributors. Advanced Micro Devices, Inc. was founded in 1969 and is headquartered in Sunnyvale, California.

Apache Corporation (APA) retreated with the stock falling -2.94% or $-1.68 to close at $55.5 on active trading volume of 7.44M compared its three months average trading volume of 3.1M. The Houston Texas 77056 based company operating under the Independent Oil & Gas industry has been trending up for the last 52 weeks, with the shares price now 50.67% up for the period and down by -12.21% so far this year. With price target of $65.59 and a 56.43% rebound from 52-week low, Apache Corporation has plenty of upside potential, making it a hold with a view buy.

Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, the Texas Panhandle, and Gulf Coast areas of the United States, as well as in Western Canada and Gulf of Mexico. The company also operates assets in Egypt and the United Kingdom in the North Sea. As of December 31, 2015, it had total estimated proved reserves of 794 million barrels of crude oil, 198 million barrels of natural gas liquids, and 3.4 trillion cubic feet of natural gas. Apache Corporation was founded in 1954 and is based in Houston, Texas.

Anadarko Petroleum Corporation (APC) managed to rebound with the stock climbing 0.28% or $0.19 to close the day at $68.33 on lower than average trading volume of 3.49M shares, compared to its three month average trading volume of 4.25M. The The Woodlands Texas 77380 based company has been outperforming the independent oil & gas companies by 11.9305% for last three months and its recent gains have offset losses to -2.01% YTD, versus the independent oil & gas industry which is down -1.75% for the same period. The RSI of 44.83 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Oil and Gas Exploration and Production; Midstream; and Marketing. The Oil and Gas Exploration and Production segment explores for and produces oil, condensate, natural gas, and natural gas liquids (NGLs). The Midstream segment provides gathering, processing, treating, and transportation services to Anadarko and third-party oil, natural-gas, and NGLs producers, as well as owns and operates gathering, processing, treating, and transportation systems in the United States. The Marketing segment markets oil, natural gas, and NGLs in the United States; oil and NGLs internationally; and anticipated liquefied natural gas production from Mozambique. The company’s asset portfolio includes U.S. onshore resource plays in the Rocky Mountains area, the southern United States, the Appalachian basin, and Alaska; the deepwater Gulf of Mexico; and in Algeria, Ghana, Mozambique, Colombia, Côte d’Ivoire, New Zealand, Kenya, and other countries. As of December 31, 2015, it had approximately 2.1 billion barrels of oil equivalent of proved reserves. Anadarko Petroleum Corporation was founded in 1959 and is headquartered in The Woodlands, Texas.

 

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