These 3 stocks to watch in April 2017 are on my list for different reasons. Two of the stocks to watch in April of 2017 are stocks that I expect will go up in value. The third stock to watch in April of 2017 is a stock that I feel is doomed. The stock market is unpredictable and in 2017 the stocks may go up or down. It is impossible to know for sure but we can make our best guess about the stock market in April of 2017.
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1. Advanced Micro Devices (NASDAQ AMD)
This is a repeat from last month, but for good reason! AMD has been one of the best performing stocks over the last year. The stock has had an unheard of rally over the last 18 months. The stock is currently trading at levels that have not been seen since 2006. Investors may want to keep an eye on AMD stock in April of 2017.
AMD is releasing a new line of CPU’s under the name Ryzen. Ryzen 7, the high end CPU family, was released on March 2nd sending the stock into a sell off as many investors planned to unload shares at the release to capitalize on the excitement. This sell off is not indicative of the performance of the CPU in my opinion. Ryzen 5 and Ryzen 3 as well as the AMD RX Vega GPU have yet to be released. Ryzen 5, the mid range family of CPU’s, will be released this month on April 11th.
Intel has captured close to 95% market share of the CPU market, and if AMD becomes competitive in terms of price and performance they can regain lost market share. AMD doesn’t have to beat Intel, they just have to compete. AMD is balancing pricing and performance and they are in the early stages of a multi year turnaround.
2. Sears (NASDAQ SHLD)
My second stock to watch in April of 2017 is Sears. There are serious questions as to whether or not this retail giant can stay afloat. Sears holdings operates Sears as well as Kmart, neither are doing well. On Tuesday March 21st, Sears stated in a filing with the SEC that it has substantial doubt surrounding their ability to stay in business. Sears announced the closing of 150 stores in January and sold off one of their most valuable brands Craftsman Tools to Stanley Black & Decker.
Sears has posted losses every year since 2010. Sears posted a net loss of $2.2 Billion in 2016. They do not have the cash to continue burning cash at this rate. They may be unable to access cash under their credit agreement. Sears may soon be unable to pay for store inventory and other services vital to operations. Many investors are buying the dip in the stock and as a result the stock has more than doubled since the low in March. Sears is a stock to watch in April because investors should tread carefully.
3. Apple (NASDAQ AAPL)
The third stock to watch in April of 2017 is Apple. Apple has had an incredible year so far. This has largely been fueled by a strong holiday shopping season resulting in record quarterly earnings as well as revenue that exceeded Wall Street expectations. Apple revenue is expected to climb in the current quarter and CEO Tim Cook expressed excitement about the products in the pipeline.
One of the biggest reasons to consider an investment in Apple is because Warren Buffett has more than doubled his stake in Apple since the end of 2016. Buffett now owns around 133 million shares of Apple stock.
With a market cap of over $750B, Apple is the most valuable public company in the world. As of March 28th 2017, Apple is up 36% from 12 months ago, Apple is up 24% in 2017 alone and Apple is up 5% in the month of March. Investors are expecting another great month for Apple in April of 2017.
3 Reasons Investors Should Hold On to Advanced Micro Devices
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.