NEW YORK, NY / ACCESSWIRE / June 8, 2017 / Despite downward pressure from the Energy Sector, U.S. markets rose Wednesday as investors eagerly await a trio of events, Britain's general election, the European Central Bank's policy meeting and testimony from former FBI Director James Comey's in front of a Senate panel, on Thursday. The Dow Jones Industrial Average gained 0.18 percent to close at 21,173.69, up 7.14 percent year-to-date, while the S&P 500 Index gained 0.16 percent to close at 2,433.14, up 8.68 percent year-to-date.

"What we have tomorrow and next week is what is driving everything right now," said Mark Kepner, managing director of sales and trading at Themis Trading. "Combine that with the Fed meeting next week and that's a lot of uncertainty for the market."

RDI Initiates Coverage on:

Advanced Micro Devices Inc.
https://ub.rdinvesting.com/news/?ticker=AMD

Micron Technology, Inc.
https://ub.rdinvesting.com/news/?ticker=MU

Advanced Micro Devices Inc.'s stock moved 2.91% higher Wednesday, to close the day at $12.38. The stock recorded a trading volume of 150,879,139 shares, which was above its three months average volume of 65,730,000 shares. In the last year Advanced Micro Devices Inc.'s shares have traded in a range of 4.30 - 15.55. The share price has gained 187.91% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $11.63 is below its 200-day moving average of $11.94. The company reported revenues were $984 million for the first quarter of 2017, up from revenues of $832 million a year ago. Net loss was $73 million for the first quarter of 2017, an improvement when compared to a net loss of $109 million to the first quarter of 2016. Shares of the Advanced Micro Devices have gained approximately 9.17 percent year-to-date.

"We achieved 18 percent year-over-year revenue growth driven by strong demand for our high performance Ryzen CPUs as well as graphics processors," said Dr. Lisa Su, AMD president and CEO. "We are positioned for solid revenue growth and margin expansion opportunities across the business in the year ahead as we bring innovation, performance, and choice to an expanding set of markets."

Access RDI's Advanced Micro Devices Research Report at:
https://ub.rdinvesting.com/news/?ticker=AMD

On Wednesday, shares of Micron Technology Inc. recorded a trading volume of 32,624,549 shares, which was above the three months average volume of 25,916,700 shares. The stock ended the day 2.95% higher at 32.50. The share price has gained 182.61% from its 52 week low with a 52 week trading range of 11.50 - 32.55. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $28.58 is greater than its 200-day moving average of $24.94. Shares of the company are trading at a Price to Earnings ratio of 50.62. Micron Technology is scheduled to report results for the third quarter of fiscal 2017 on Thursday, June 29, 2017. The company reported revenues were $4.65 billion for the second quarter of fiscal 2017, an increase of 58 percent when compared to same quarter a year ago. Shares of Micron Technology have gained approximately 48.27 percent year-to-date.

Access RDI's Micron Technology Research Report at:
https://ub.rdinvesting.com/news/?ticker=MU

Our Actionable Research on Advanced Micro Devices Inc. (NASDAQ: AMD) and Micron Technology, Inc. (NASDAQ: MU) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com