Adding Advanced Micro Devices to Jubak Picks and Volatility Portfolios on Monday

Adding Advanced Micro Devices to Jubak Picks and Volatility Portfolios on Monday

Advanced Micro Devices (AMD), one of the hottest momentum stocks in the melt-up market, seems to have recovered its trend. So I’m adding the shares to my Volatility Portfolio on Monday. Please regard this as a short-term trade.The company’s fundamentals also look solid with very good growth prospects from the new chip line up. So I’ll be adding the shares to my 12-18 month Jubak Picks Portfolio on Monday.

It’s a deal

The important news this morning is that there is a deal to end the government shutdown and to raise the debt ceiling. The bill has some procedural hurdles to jump. I wouldn’t be surprised if Congress misses the Treasury’s October 17 deadline by a day or two, but that isn’t likely to strike the markets as a big deal